Certificates of Deposit

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Certificates of Deposit

A great way to earn higher interest rates than traditional savings accounts is with a Merchants Bank of Indiana Certificate of Deposit (CD).

Account Details

  • Minimum balance to open CD is $1000
  • No minimum balance to earn APY
  • Penalty may be imposed for early withdrawal

Apply online at the link below.  Rather get started in person?  Contact one of our Banking Professionals to assist you.

CD Rates Up To

0.65%
APY*

1 Month CD: 0.35% APY
2 Month CD: 0.35% APY
3 Month CD: 0.35% APY
4 Month CD: 0.35% APY
6 Month CD: 0.35% APY
9 Month CD: 0.40% APY

12 Month CD: 0.40% APY
15 Month CD: 0.45% APY
18 Month CD: 0.50% APY
24 Month CD: 0.55% APY
30 Month CD: 0.60% APY
36 Month CD: 0.65% APY

*The Annual Percentage Yield (APY) is accurate as of 6/1/2021.

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