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No Savings Accounts Available from Merrimac Savings Bank
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Merrimac Savings Bank truly lives up to the concept of a local bank which exists to help its community. Several years ago, I was unemployed for an extended period and fell a few months behind in paying the mortgage on our house. We were in real danger of foreclosure just as I finally got a new job. A bank officer contacted us, ascertained the situation, and worked with us to redo the mortgage so that we were essentially regarded as caught up, by extending the mortgage period by the number of months we had missed. We were, and are, very grateful. Also, they are the kind of bank which keeps its mortgages, rather than selling them off after a few years to some potentially rapacious mortgage company.
A couple of months ago, I decided that it would be convenient to have a second checking account. (We already had one at another bank.) The person I dealt with at Merrimac Savings Bank was very friendly and helpful, explaining the features of the type of account that I wanted. They have very nice extras. For example, I can use any ATM and Merrimac Savings Bank will reimburse me for the ATM fees, up to $15 per month.
Overall, they are a very good bank to do business with.
In the event that in a given week, for this product, there were multiple applicable rates in our database based on different criteria, the above graph reflects the lowest interest rate recorded. Before submitting an application, always verify with the issuing institution (i.e. bank, credit union, other lender) the rates, fees, and all terms and conditions accompanying the application.