Merchants and Farmers Bank CD early withdrawal penalty

Merchants and Farmers Bank
CD early withdrawal penalty

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Published terms reviewed; calculation inputs still required

We have reviewed the published terms below. They do not establish every detail needed for a bank-specific dollar calculation, so the estimator requires your own agreement inputs. We do not fill those gaps with assumptions.

Certificates of deposit and Rate Riser feature

Merchants & Farmers Bank in Arkansas says a CD redeemed before maturity may incur 90 days of interest, with an exception for death of an account owner. It distinguishes automatically renewing CDs from single-term certificates. Its 24- and 36-month Rate Riser single-maturity CDs allow one increase to the interest rate and APY during the term without an early-withdrawal penalty.

The Rate Riser feature is a rate-change option, not permission to withdraw principal freely. The source uses “may” for the 90-day charge and does not establish every product exception, day-count convention, principal basis, or principal-reduction rule. Confirm the contract for this Arkansas institution rather than another bank with a similar name.

TFS assisted source review: Aug 31, 2026 · Last source check: Aug 31, 2026 · Official source

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Estimate a full principal withdrawal before maturity. Amounts stay in this page and are not sent to TFS. Your institution must confirm eligibility and the final redemption quote.

Enter the terms from your disclosure

These are your inputs, not verified Merchants and Farmers Bank terms. This manual model supports simple days/months of interest or all interest earned. Percentage fees, tiered formulas, special minimums, and exceptions need an institution quote.

Penalty formulaPenalty daysInterest year basisCan the penalty reduce principal?

CD principal ($)Contractual annual interest rate (%)Use the interest rate on your CD agreement, not the advertised APY.Interest still on deposit and payable ($)Exclude interest already paid out. Use your institution’s current figure.

Compare holding this CD with reinvesting the proceeds until the same maturity date.I checked that these terms apply to my product, original term, and deposit date. This is a full withdrawal before maturity, outside any special withdrawal window. Any early-holding-period minimum has been accounted for.

Merchants and Farmers BankCD early withdrawal penalty

Published terms reviewed; calculation inputs still required

Certificates of deposit and Rate Riser feature

What would closing your CD cost?

Located source pages

Merchants and Farmers Bank
CD early withdrawal penalty