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Savings Accounts |
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Reality Savings Account
Reality Savings was created for FirstMerit checking customers looking for a higher yielding interest rate with no minimum balance requirements.
Account Features & Benefits
- Open with as little as $1.00
- Competitive interest rates
- Earn interest on all balances
- No monthly service charge of $10.00 if you have a FirstMerit checking account with at least two debit or credit transactions in a statement cycle
- Open multiple Reality Savings Accounts for you and your family members (the accounts just need to be tied to one household FirstMerit checking account)
- Easy access to funds with a FirstMerit debit card
- Reach your savings goals quicker with direct deposit
- Free Online Banking services
For Rate Information or to Open an Account
Savings Calculators
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Statement Savings Account
Statement Savings is our basic savings account, ideal for individuals looking for a simple way to start reaching their savings goals.
Account Features & Benefits
- Open with as little as $50.00
- Earn interest on all balances when you keep a minimum daily balance of $50 in the account
- Higher balances may earn higher interest
- No monthly service charge of $4.00 when a $200 daily minimum balance is maintained OR with a monthly automatic funds transfer from any FirstMerit checking account
- No monthly service charge for individuals under 18
- Easy access to funds with a FirstMerit debit card
- Reach your savings goals quicker with direct deposit
- Free Online Banking services
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Money Market Accounts |
FirstMerit High Yield Money Market Account
Our High Yield Money Market Account combines the liquidity of a savings account, competitive interest rates and the security of FDIC coverage all into one account.
Account Features & Benefits
- Open with just $50
- Higher balances can earn you higher interest on this variable rate account
- Unlimited withdrawals, deposits and transfers at FirstMerit ATMs and branches
- Write up to three checks per month*
- Reach your savings goals quicker with direct deposit
- Free Online Banking services
For Rate Information or to Open an Account
Savings Calculators
* Federal regulations restrict you to six pre-authorized transfers per month, including no more than three checks. The law allows unlimited withdrawals at our teller counters and ATMs. A charge will be assessed for each pre-authorized transfer exceeding six per statement cycle (or checks exceeding three per cycle).
Certificates of Deposit |
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FirstMerit Certificates of Deposit
To help you save money in an easy, secured and insured investment, we offer a variety of Certificate of Deposit options. You may choose the CD term and interest payment options that best meet your needs.
- Your choice of terms, from 30 days to 5 years
- Safe, secure, FDIC-insured up
to maximum allowed
- A choice of interest payment
options - monthly, quarterly, etc.
- Minimum investment required*
- Penalty for early withdrawal
Use our savings calculators to determine how much your investment will grow.
*To open a 6-month CD Special requires a minimum investment of $1,000. To open a 12-month or 24-month CD Special requires a minimum of $5,000 not currently on deposit at FirstMerit.
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CD Rate Special
| Term | Annual Percentage Yield |
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| 6 months | 1.25% |
| 12 months | 2.50% |
| 24 months | 2.50% |
To learn more, stop by any FirstMerit branch, call us toll - free at 888-554-4362, or use our branch locator to find the FirstMerit Branch closest to your home or office.
Limited time offer. The APY shown is effective as of 12/31/08. No brokered deposits. A penalty may be imposed for early withdrawal.
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Health Savings Account |
A healthier insurance option.
You may be eligible to take advantage of Health Savings Accounts - an innovative way to save for medical expenses that was created as a result of the Medicare Prescription Drug, Improvement and Modernization Act of 2003.
You're eligible if you:
- Have coverage under an HSA-qualified "high deductible health plan" (HDHP)
- Have no other first-dollar medical coverage (other types of insurance like specific injury insurance or accident, disability, dental care, vision care, or longterm care insurance are permitted).
- Are not enrolled in Medicare.
- Cannot be claimed as a dependent on
someone else's tax return
With FirstMerit Health Savings
Account products, you can:
- Save money on health insurance and taxes.
- Earn money on your investment
just like an IRA account.
- Take advantage of more options
with your healthcare dollars.
- Save more easily for future medical expenses.
- Roll balances over from year to year.
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An HSA provides you triple tax savings:
- Tax deductions when you
contribute to your account.
- Tax-free earnings through investment.
- Tax-free withdrawals for
qualified medical expenses.
FirstMerit offers the following
Health Savings Account services -
FirstMerit Health Checking, FirstMerit Health Money Market, and FirstMerit Health CDs. For current rate information, please call the FirstMerit contact center
at 1-888-554-4362.
Product Information
Frequently Asked Questions
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