Merchants National Bank IRA Offer Tops Interest Rates
Merchants National Bank promotes a variable rate IRA opened January 4 or 5 with 50 percent annual interest through March 31, 1982. From April 1, 1982, and each quarter after, the IRA earns 2 percent above the prior quarter’s Small Savers Certificates rate. Minimum $100, maximum $2000 per year per qualified wage earner.