Merrill clients can open a Preferred Deposit account and earn 3.67% APY – available nationwide.
Update 12/23/24: The rate has decreased to 3.67% APY from 3.92%.
Merrill Preferred Deposit Rate
To easily earn Merrill’s competitive rate, start by opening a Preferred Deposit account.
- Eligible account: Preferred Deposit
- Credit inquiry: Soft Pull or Hard Pull?
- Where it’s available: Nationwide
- Opening Deposit: $100,000
- Monthly fee: None listed
- Early Termination Fee: Not listed
(FDIC Insured)
How to Earn Rate
- Open a new account with a minimum opening deposit of $100,000.
- Earn 3.67% APY.
| Balance Requirement | APY Rate |
| $100,000+ | 3.67% APY |
Account Features
- 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.
*see current rate here.
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Conclusion
If you’re looking for a savings account that offers a competitive rate, here’s a great candidate.
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In addition to the rate, check out our list of best rates Savings, Money Market, and CD accounts.
If you are interested in expanding your financial future, definitely use our bank bonuses page to find other offers. Some popular bank offers include Chase Bank, Discover Bank, TD Bank, Huntington Bank, HSBC Bank and many more.
