CDs are Merrick Bank's primary product offering for customers who want a place to store their cash. The bank offers a handful of CDs across different terms with competitive yields, and they’re available nationwide. The CD terms are six, 12, 18 and 24 months, giving customers the option to build a short-term CD ladder.
Each requires a sizable minimum deposit of $25,000 to open. The bank doesn’t offer any specialty CDs, such as a no-penalty CD.
Merrick's CD yields are among the best available.
The bank offers enough CD terms for customers to build a short-term ladder.
The bank’s CDs are available nationwide.