Highest CD Rates 5.65% APY 12Month Flex CD from Merchants Bank of Indiana

Tue, 25 Jul 2023 10:52:35 +0000

Merchants Bank of Indiana is one of few companies offering a flexible rate certificate of deposit (CD). How does a flex rate CD work?

The company uses the prime rate minus 2.75%. At the time of this writing, 7/25/2023 this rate is now 5.65%. As the prime rate changes, this rate can go up or down.

The company offers a 12 month, 24 month and 36 month CD for the flex rate CD. A minimum of $1000 is required. The account is FDIC insured but the rate is not guaranteed that it will stay the same.

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Highest CD Rates 5.65% APY 12Month Flex CD from Merchants Bank of Indiana