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Rates
Our strategically located branch network makes us a leaner, more effective bank. It’s how we continue to offer some of the best rates in the business.
Market Rates
as of Thu, July 27, 2023
Prime
8.50%
Federal Funds
5.50%
Loan Rates
Home Equity
APR1
Home Equity Lines of Credit2 (Prime)
8.50%
Other Terms are available. Please contact us for details. Disclosure Information >>
Deposit Account Rates
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Personal Deposits
Interest Rate
APY3
Your Hometown Money Market4, 5 ($0.01 up to $24,999.99)
3.44%
3.50%
Business Deposits
Interest Rate
APY3
Certificates Of Deposit*
Interest Rate
APY3
Minimum Balance to Open & Obtain APY
6 Month
4.50%
4.60%
$500
12 Month
4.64%
4.75%
$500
13 Month**
4.88%
5.00%
$500
18 Month
4.88%
5.00%
$500
24 Month
4.64%
4.75%
$500
30 Month
4.40%
4.50%
$500
36 Month
3.92%
4.00%
$500
48 Month
3.44%
3.50%
$500
60 Month
3.44%
3.50%
$500
*Early withdrawal penalties apply.
- CDs less than 24 months – 6 month’s interest
- CDs 24 months or greater – 12 month’s interest
- IRA CDs: 12 month minimum term required.
**13 Month CD term is not available for IRAs.
All rates are subject to change at any time without notice.
1Annual Percentage Rate (APR)
2APR is variable, maximum 18%. Property insurance required. Title insurance may be required. Rate quoted based on 80% combined loan-to-value, credit score greater than 720 and debt-to-income 43%.
3Annual Percentage Yield (APY)
4Tiered rate account. Your entire balance will earn the Interest Rate and APY in effect for the balance tier associated with your daily balance.
5Annual Percentage Yield (APY). Rates are subject to change at any time without notice. Account for consumers only. To maintain this account and earn the promotional APY, you must have an open and active Meridian Bank checking account that meets the minimum balance requirements. If your Meridian Bank checking account is closed, found to be inactive or does not meet the minimum balance requirements, this account will be subject to conversion to a Meridian Personal Money Market account earning the corresponding rate offered at that time. A minimum deposit of $25,000 in new money, defined as deposit funds new to Meridian Bank, must be made in order to obtain the promotional money market rate. If the balance drops below $25,000, you will receive a rate of 3.50% APY on balances between $0.01 and $24,999.99, you cannot open the account at this rate.
