Merrimack County Savings Bank

Overview / Commentary

www.themerrimack.com

603-223-2605

89 North Main Street
Concord, NH 03301

Merrimack County Savings Bank is headquartered in CONCORD and is the 5^th largest bank in the state of New Hampshire. It is also the 771^st largest bank in the nation. It was established in 1867 and as of June of 2023, it had grown to 183 employees at 7 locations. Merrimack County Savings Bank's CD rates are 2X the national average, and it has a B health rating.

Reviews (5)

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Local is best choiceI

Posted by: carolemckee | May 12, 2018

I have been a customer at thus bank for many years. The staff has always been helpful and knowledgeable. I have had some financial issues and they have gone out of their way to help. At one point my checking account was showing withdrawls that I had not made. They helped me stop the withdrawals and put me in touch with the correct government agencies to talk to. They saved me a lot of money!

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Local people with local concerns

Posted by: Rightni | Oct 26, 2017

I have been a customer at Merrimack County Savings Bank for many years. I chose this bank because it is a small bank that is very active in the community. Since being a member I have had a couple of times where I had to talk about a problem I was having, One time I was having a problem with withdrawals being made online but I had no idea who the people were. The bank instantly froze my account, credited me the money that had been taken out and went online to see who they were. It turned out to be a company who delt with adult things. The date and times of the transactions were the same as the times I was on a school field trip. Because of their speed I did not loose more money. The bank notified the FBI and they delt with the company. The people at the Merrimack could have stopped at freezing the account but I feel they went above and beyond for me.

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Customers come first at Merrimack County Savings Bank

Posted by: laurawhitaker | Sep 19, 2017

I have delt with several banks in my lifetime. The customer service I receive at Merrimack County Savings Bank has been excellent! A short time ago I noticed a couple of online withdrawals from a company I did not recognize. The representative at the bank put an immediate stop on my account and a hold on a transaction that had not gone through yet. She went on line and looked up the company to see who they were and what they sold. It turned out to be an adult site! Someone had obtained my information and was using it on the site. This could have led to my having serious professional issues and monetary issues. Teachers and adult sites don't mix well! I ended up talking to a FBI agent who helped resolve the issues. If the bank hadn't been so quick and thorough they migjt have gotten away with my money and reputation!

Comment

Customer Service

Posted by: kathleenortega | Aug 18, 2017

I travel quite often and at one time was in the southeast. I was in an area with out good phone service, but when I did get to an area where I did have phone service, I found I had a voice mail from my banks security firm. They asked me to call, I did and they confirmed someone had used my debit card, so they shut my card off. They had me call my bank, which I did. My bank stayed on the phone with me and let me drive to two atm's to take out money. They would turn my card on when I used the atm and shut it off till I got to another one. This was the only way I could have gotten home, only have $5 dollars cash on me otherwise.
Also, a few days before I was ready to travel, someone in China emptied my account. The bank worked with me to get the money back and get me a new debit card before I was to leave. Exceptional customer service and I wouldn't go to another bank because of how they treat their customers.

Comment

STAY AWAY From Merrimack County Savings Bank!

Posted by: saizmoreira | Jan 16, 2013

STAY AWAY from Merrimack County Savings Bank for mortgages! They just did a bait & switch on my friend. She was approved for a 5% mortgage, both verbally and in writing, and just as they were about to close the commitment letter says 20% down. Their loan person there is Cliff Colquitt. He's AWFUL, won't give them any explanation on this bait & switch. My friend and her husband are first time buyers, new to this, great borrowers, have had steady employment for a long time and they have excellent credit. STAY AWAY FROM MERRIMACK COUNTY!

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Health

Data as of Q2 2023

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	17960
Year Established	1867
Employees	183
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.48%
Return on Equity - YTD	5.97%
Annual Interest Income	$27.4MM

Assets and Liabilities
Assets	Q2 2023vs Q2 2022	$1.36B$1.23B
Loans	Q2 2023vs Q2 2022	$1.15B$1.00B
Deposits	Q2 2023vs Q2 2022	$1.04B$1.01B
Equity Capital	Q2 2023vs Q2 2022	$108.3MM$104.4MM
Loan Loss Allowance	Q2 2023vs Q2 2022	$11.3MM$10.0MM
Unbacked Noncurrent Loans	Q2 2023vs Q2 2022	$8.5MM$788.00K
Real Estate Owned	Q2 2023vs Q2 2022	$0$0

Rates

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Money Market
Checking
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Always verify rates and promotions with the bank or credit union. We are not Merrimack County Savings Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Merrimack County Savings Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.35%^*	$25k^*	-	Health Savings Account
OTHER TIERS: 0.10% → Up to $2.5k \| 0.20% → $2.5k - $10k \| 0.25% → $10k - $25k
0.25%	$1	-	Youth Savings
0.20%^*	$25k^*	-	Everyday Savings
OTHER TIERS: 0.10% → $100 - $10k \| 0.15% → $10k - $25k
0.20%^*	$25k^*	-	Everyday Business Savings
OTHER TIERS: 0.10% → $100 - $10k \| 0.15% → $10k - $25k
0.10%	$2	-	Goal-Setter Savings

Merrimack County Savings Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.45%^*	$250k^*	-	Premier Money Market
OTHER TIERS: 0.20% → $25k - $50k \| 0.25% → $50k - $100k \| 0.35% → $100k - $250k
0.45%^*	$250k^*	-	Premier Business Money Market
OTHER TIERS: 0.20% → $25k - $50k \| 0.25% → $50k - $100k \| 0.35% → $100k - $250k
0.30%^*	$250k^*	-	Everyday Money Market
OTHER TIERS: 0.15% → $1k - $25k \| 0.20% → $25k - $100k \| 0.25% → $100k - $250k
0.30%^*	$250k^*	-	Everyday Business Money Market
OTHER TIERS: 0.15% → $2.5k - $25k \| 0.20% → $25k - $100k \| 0.25% → $100k - $250k

Merrimack County Savings Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
3.47%	$1k	-	IOLTA Checking
0.05%^*	$250k^*	-	Non-Profit Checking
OTHER TIERS: 0.02% → $500 - $250k
0.05%^*	$50k^*	-	Premier Checking
OTHER TIERS: 0.02% → $500 - $25k \| 0.03% → $25k - $50k
0.01%	$100	-	Senior Checking
0.01%	$100	-	Better Checking

Merrimack County Savings Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
4.25%	$500	-	9 Month CD
4.25%	$500	-	Business 9 Month CD
4.00%	$500	-	6 Month Add-On CD
4.00%	$500	-	Business 6 Month Add-On CD
2.00%	$500	-	1 Year CD
2.00%	$500	-	Business 1 Year CD
1.75%	$500	-	1 1/2 Year CD
1.75%	$500	-	Business 1 1/2 Year CD
1.50%	$500	-	2 Year CD
1.50%	$500	-	Business 2 Year CD
1.25%	$500	-	3 Year CD
1.25%	$500	-	Business 3 Year CD
0.50%	$500	-	90 Day CD
0.50%	$500	-	6 Month CD
0.50%	$500	-	4 Year CD
0.50%	$500	-	5 Year CD
0.50%	$500	-	5 Year Bump Up CD
0.50%	$500	-	Business 90 Day CD
0.50%	$500	-	Business 6 Month CD
0.50%	$500	-	Business 4 Year CD
0.50%	$500	-	Business 5 Year Bump Up CD
0.50%	$500	-	Business 5 Year CD

Merrimack County Savings Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
4.25%	$500	-	9 Month IRA
4.00%	$500	-	6 Month Add-On IRA
2.00%	$500	-	1 Year IRA
1.75%	$500	-	1 1/2 Year IRA
1.50%	$500	-	2 Year IRA
1.25%	$500	-	3 Year IRA
0.50%	$500	-	90 Day IRA
0.50%	$500	-	6 Month IRA
0.50%	$500	-	4 Year IRA
0.50%	$500	-	5 Year IRA
0.50%	$500	-	5 Year Bump Up IRA

Locations

Merrimack County Savings Bank Locations
Integra Drive Branch	1 Integra Drive	Concord, NH 03302
Nashua Branch	101 Broad Street	Nashua, NH 03064
North State Street Branch	167 North State Street	Concord, NH 03301
Contoocook Branch	35 Kearsarge Avenue	Contoocook, NH 03229
Bow Branch	503 South Street	Bow, NH 03304
Merrimack County Savings Bank	89 N Main St	Concord, NH 03301
Londonderry Turnpike Road Hooksett B	360 Londonderry Turnpike Road	Hooksett, NH 03106

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