If you’re a Merrill client looking to open an interest bearing account, open a Merrill Preferred Deposit account to earn 3.67% APY available nationwide.
Update 12/23/24: The rate has decreased to 3.67% APY from 3.92%.
Merrill Preferred Deposit Account
Here is your opportunity to earn a a competitive interest rate on your funds. Open a new account and start earning interest and get started today!
- Rate Offer: 3.67% APY Rate
- Availability: Nationwide
- Credit Inquiry: Soft Pull or Hard Pull?
- Credit Funding: Unknokwn
- Minimum Balance: $100,000
- Maximum Balance: None listed
- Monthly Fee: None Listed
- Early Termination Fee: None listed
(FDIC Insured)
Account Rates
| Balance Requirement | APY Rate |
| $100,000+ | 3.67% APY |
*see current rate here.
Account Benefits
- Competitive yield. Your money will be placed into a deposit account with Bank of America N.A., to help you optimize the cash you may need for your goals.
- Security. As a bank deposit product, Preferred Deposit balances are insured by the Federal Deposit Insurance Corporation (FDIC), up to applicable limits.
- Convenience. You will have ready access to funds — through your Merrill advisor or MyMerrill — so you can use the money to pay for personal expenses or take advantage of other opportunities.
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Author’s Verdict
In addition to the current rate, you can also take advantage of a range of great promotions from banks such as HSBC Bank, Chase Bank, Huntington Bank, Discover Bank, TD Bank, or CIT Bank.
Let us know about your thoughts and experience with this account! Be sure to check back on BankDealGuy for more bank rates!
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