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Smart Saver CD

Launch Your Dreams with a Smart Saver CD

Need a leg up on saving for a vacation, a down payment on a car, or to jumpstart your 2024 savings goal? Our Smart Saver Certificate of Deposit (CD) special promotion is here to help you prosper! CDs earn higher interest than a regular savings account and can help boost your savings as you work towards a specific goal.

Our Smart Saver CD is a great way to save for a particular large purchase or help you start a savings habit while earning higher interest – without requiring you to have a large chunk of change handy to open an account.



Minimum deposit $25

While many CDs have high deposit minimums, with our dependable Smart Saver CD, you can open an account with as little as $25! And, with our special promotion, you’ll earn 5.00% APY* on your funds when you open a 12-month Smart Saver CD and deposit at least $25 per month for the length of the term. This offer runs through March 29, 2024, and is our way of helping you get a dependable head start on that down payment, wedding budget, or long-term savings habit!

Visit one of our welcoming banking centers to open your Smart Saver account – and while you’re there, chat with one of our attentive bankers about your 2024 financial goals. They can help you brainstorm all the ways a Smart Saver CD can help you prosper in the upcoming year and will work with you to help you reach your goals.

This account is designed to make saving easy with regular, automatic deposits throughout the year. Start with as little as $25 and watch your savings grow!

Schedule Appointment


  • Minimum opening deposit of $25.
  • Deposit at least $25 monthly through pre-authorized transfer.
  • Maintain a minimum balance of $25.


  • Rate is fixed throughout one-year term. Ask for current rates.
  • At maturity, funds may be withdrawn or renewed for an additional year at the rate in effect at that time.
  • Interest is accrued daily and credited quarterly. Ask for current rates.
  • Early withdrawal penalty may apply.

    Other service fees may apply. Please see our Banking Fees.

    ¹Failure to meet these requirements may result in account closure.

    *Offer effective December 27, 2023 through March 29, 2024 and is subject to change. CD requires a $25 minimum balance and a $25 minimum monthly deposit through pre-authorized transfer from a First Merchants checking or savings account. Substantial penalty for early withdrawal. Not available for public funds or business customers. Offer cannot be combined with any other interest rate bonuses. Interest is accrued daily and credited quarterly. Limited time offer, subject to change. At maturity, certificate will automatically renew into the current term at standard rates. Total deposits, including the opening deposit, cannot exceed $20,000. Note: Annual Percentage Yield is abbreviated as “APY.”

    Have questions about any of our CD options?

    Schedule Appointment