Merrick Bank is Offering a 4.75% Return CD
Posted on Nov 19th 2022
By Jennifer Miller
Merrick Bank and several banks are raising savings and CD interest rates. If you don't mind keeping your money in the bank for a certain time, CD (Certificate of Deposit) would give you a slightly better rate and rates will not change for that time period.
The only catch is that, there is a minimum of $25,000 you need to deposit and it will be locked during the period.
Merrick Bank is a member of FDIC so up to $250,000 is guaranteed to be safe
Rates keep going up!
Link to Merrick Bank Certificate of Deposit Offer
The only catch is that, there is a minimum of $25,000 you need to deposit and it will be locked during the period.
Merrick Bank is a member of FDIC so up to $250,000 is guaranteed to be safe
Rates keep going up!
- 6 Month - 4.2% ($1050/year)
- 12 Month - 4.6% ($1150/year)
- 48 Month - 4.65% ($1162/year)
- 60 Month - 4.75% ($1186/year)
Link to Merrick Bank Certificate of Deposit Offer
Comment on this deal
tacoma99 - 2 years ago
Get treasury I bonds that pay 9.62%.
Do not lock money in for more than 6 mos.
Rates are guaranteed to be higher then.
Do not lock money in for more than 6 mos.
Rates are guaranteed to be higher then.
Spoofee - 2 years ago
Spoofee.com!
Rates have gone from 3 to 3.25%.
That's still an extra $62.50 difference per year on the minimum $25k deposit.
Argument would be that it seems like inflation is going to continue to get worse so it's silly to lock in for such a long time.
That's still an extra $62.50 difference per year on the minimum $25k deposit.
Argument would be that it seems like inflation is going to continue to get worse so it's silly to lock in for such a long time.
Guest #2433 - 2 years ago
just buy T-bills directly from the treasury, better rates and tax advantage.
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