Ramses Delgado, Banking Moderator
@ramses_delgado1
No, the Merchants Bank of Indiana CD isn’t like a savings account because it has a fixed term and early-withdrawal penalties that limit liquidity. However, its variable rate structure does resemble a savings account, since both offer rates that can fluctuate over time.
For the most up-to-date information, refer to Merchants Bank of Indiana’s website or contact their customer service by phone at (317) 324-4660.
You can check the best CD rates available to ensure that whatever decision you make really fits your goals.
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