Meredith Village Savings Bank (NH) Ups 3-Year Step-Up CD APY


Deal Summary: 3-year Step-Up CD Special, $500 minimum deposit, checking relationship.

Availability: Market area includes New Hampshire’s Lake Region and the Plymouth coastal area.

Last week, Meredith Village Savings Bank (MVSB) raised the rate on its new 3-year Step-Up CD Special (blended rate of 3.04% APY). The "Step-Up" refers to specific APYs that go into effect at the beginning of each year of the term. This is not a "rate bump option" CD. The minimum deposit is $500, with no stated balance cap.

The APYs for the three years are as broken down as follows:

  • 2.02% - Year 1
  • 3.05% - Year 2
  • 4.07% - Year 3

According to CSR, the Early Withdrawal Penalty is three months interest, with the APY determined by the year in which the withdrawal is made.

Premium Plus Checking

According to the fine print on the Deposit Rates page, a Premium Plus Checking account is required to open the Step-Up CD, and must be “in the same title as the CD.”

The Premium Plus Checking can be opened with a $50 minimum deposit and requires a minimum $500 daily balance to earn interest. The $15 monthly service fee will be waived if a minimum balance of $15k of combined personal deposits and loan accounts is maintained. A $15k or larger deposit in the Step-Up CD will keep the Premium Plus Checking account fee free, without having to keep a large balance in the checking account. More information can be found on MVSB’s Checking page.


Headquartered in Meredith, New Hampshire, Meredith Village Savings Bank’s market area includes the mid-state Lake Region and the coastal area surrounding Plymouth.

Opening a Step-Up CD Special must be done at any of the 13 New Hampshire branches located in Alton, Ashland, Gilford, Laconia, Melvin Village, Meredith (2), Moultonborough (2), Plymouth (2), Portsmouth, and Wolfeboro.

MVSB’s online banking platform is currently limited to account management and bill payment services.

Bank Overview

Meredith Village Savings Bank has an overall health grade of "A" at, with a Texas Ratio of 2.94% (excellent) based on December 31, 2017 data. In the past year, the Bank has increased its total non-brokered deposits by $30.61 million, an excellent annual growth rate of 4.76%. Please refer to our financial overview of Meredith Village Savings Bank (FDIC Certificate # 17180) for more details.

Meredith Village Savings Bank was founded in 1869 when Meredith, New Hampshire, was truly a village. The newly founded Bank joined the sawmill, gristmill, shingle mill, blacksmith shop, harness-maker’s shop, and tannery, making up the commercial center of the village. MVSB is currently New Hampshire’s fourth largest bank, with assets in excess of $905 million.

How the Step-Up CD Special Compares

When compared to the 243 similar length-of-term CDs tracked by, which require a similar minimum deposit and are available within the Bank’s market area, Meredith Village Savings Bank's 3-year Step-Up CD Special blended APY currently ranks first.

The above rates are accurate as of 4/3/2018.

To look for the best CD rates, both nationwide and in your state, please refer to our CD Rates Table page.

Related Pages: Portland CD rates, Boston CD rates, Burlington CD rates, 5-year CD rates

  |     |   Comment #1
I am not giving you my money for a year to give me 2 percent...I don't care if you are stepping...

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