Smart Saver CD
Launch Your Dreams with a Smart Saver CD
Need a leg up on saving for a vacation, a down payment on a car, or to jumpstart your 2024 savings goal? Our Smart Saver Certificate of Deposit (CD) special promotion is here to help you prosper! CDs earn higher interest than a regular savings account and can help boost your savings as you work towards a specific goal.
Our Smart Saver CD is a great way to save for a particular large purchase or help you start a savings habit while earning higher interest – without requiring you to have a large chunk of change handy to open an account.
Open a First Merchants Smart Saver CD Online
Requirements1
- Minimum opening deposit of $25.
- Deposit at least $25 monthly through pre-authorized transfer.
- Maintain a minimum balance of $25.
Interest/Term:
- Rate is fixed throughout one-year term. Ask for current rates.
- At maturity, funds may be withdrawn or renewed for an additional year at the rate in effect at that time.
- Interest is accrued daily and credited quarterly. Ask for current rates.
- Early withdrawal penalty may apply.
Other service fees may apply. Please see our Banking Fees.
¹Failure to meet these requirements may result in account closure.
