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*Minimum Deposit on all Share Certificates $500.00
Account TypeAPR*APY
Christmas Club0.03%0.03%
Vacation Club0.03%0.03%
Share Draft0.00%0.00%
6 Months0.75%0.75%
12 Months (Minimum Deposit $10,000-New Money Only)5.00%5.09%
12 Months (Minimum Deposit $5,000)4.00%4.06%
24 Months1.25%1.25%

*APR equals annual percentage rate

APY equals annual percentage yield

Fees may reduce earnings on the account, Please see the Fee Schedule. Dividend rates on Share Savings and Christmas Club accounts are variable and may change at the discretion of the Board of Directors.

Regular Share Savings accounts and Christmas Club accounts require a minimum balance of $5.00 to open the account.

You must maintain a balance of $5.00 in the account to earn the stated dividend. Accrued dividends will be forfeited should the account be closed before dividends are credited.  Dividends will be posted to the account the last day of the quarter.

Share Certificates and IRA certificates will automatically renew for the original term at the stated rate in effect at the time of renewal. The following penalties may be imposed for early withdrawal:

  1. For Share Certificates with a term of less than one year, a penalty equivalent to one month’s accrued interest may be charged.
  2. For Share Certificates or IRA Certificates with a term of one year or more, a penalty equivalent to three month’s of accrued interest may be charged.

Rates are subject to change without notice — please call to confirm today’s rates.
Rates as of November, 2022.

Several members have contacted us stating that they are receiving calls from someone claiming to be MERHO's fraud dept and our number appears as the number they are calling from. Our card department will contact you via text or email just to verify a charge is one that you have done, they will not ask for personal information. Please contact MERHO before ever giving out any personal information.