Certificates of Deposit

Features and Benefits

Our time deposits allow you to invest funds for a specific period of time to fit your specific needs. Maturities range from 30 days to 5 years.

• We offer competitive interest rates to provide you with the opportunity to maximize the return on your investment.
• Many investors find our CDs to be a reliable long-term savings option. With our fixed rates, you can enjoy predictable interest earnings.
• Our CDs are automatically renewed for your convenience, unless otherwise requested. The CD interest earned is either credited and compounded monthly, or sent to you in the form of a monthly interest check.
• Our CDs are FDIC insured to the maximum amount allowed by law, so you can invest with confidence.
• Our minimum deposit requirement for a CD is $90,000.00.

Contact Information
For further information and to obtain our current rates, call 1-800-328-9155.

Penalty for Early Withdrawal
A penalty will be imposed for early withdrawals.

Privacy
Merrick Bank recognizes the sensitive nature of the financial and personal information you provide to us. We take every precaution to ensure your privacy. When you entrust us with your financial information, you can be certain we will use it only in an appropriate manner. Please see our complete Privacy Pledge.

NOTICE:
Beginning July 1, 2010 Merrick Bank will no longer participate in the FDIC’s Transaction Account Guarantee Program. Thus, after June 30, 2010, funds held in noninterest-bearing transaction accounts will no longer be guaranteed in full under the Transaction Account Guarantee Program, but will be insured up to $250,000 under the FDIC’s general deposit insurance rules.

See Certificates of Deposit Terms and Conditions.