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Merchants Bank and Trust Interest Rates on Deposits
APY = Annual Percentage Yield
Health Savings Accounts
Checking Accounts
Savings Accounts
Money Market Accounts
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0.00% |
0.00% |
Monthly |
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1.00% |
1.00% |
Monthly |
No minimum balance required to open account.
No Monthly Fees!
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Balance to $2,499.99 |
0.00% |
0.00% |
Daily |
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$2,500 - $9,999.99 |
.13% |
.00% - .10% |
Daily |
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$10,000 - $49,999.99 |
.23% |
.10% - .20% |
Daily |
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$50,000 & Over |
.40% |
.20% - .35% |
Daily |
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Balance to $2,499.99 |
0.00% |
0.00% |
Daily |
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$2,500 - $9,999.99 |
.13% |
.00% - .10% |
Daily |
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$10,000 - $29,999.99 |
.23% |
.10% - .19% |
Daily |
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$30,000 & Over |
.40% |
.20% - .37% |
Daily |
MBT Checking & MBT 50+ Checking requires $100.00 to open.
**The rate is based upon a $200,000 deposit for purposes of this example.
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Balance to $2499.99 |
.05% |
.05% |
Daily |
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$2,500 - $24,999.99 |
.10% |
.10% |
Daily |
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$25,000 - $49,999.99 |
.20% |
.20% |
Daily |
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$50,000 & Over |
.25% |
.25% |
Daily |
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Balance to $4,999.99 |
.13% |
.13% |
Daily |
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$5,000 & Over |
.20% |
.20% |
Daily |
Statement Savings require $100 to open account.
Children Savings require $50 to open account.
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Balance to $2,499.99 |
.05% |
.05% |
Daily |
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$2,500 - $24,999.99 |
.25% |
.25% |
Daily |
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$25,000-$99,999.99 |
.35% |
.35% |
Daily |
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$100,000 and over |
.50% |
.50% |
Daily |
Premium Savings require $100 to open and requires a daily balance of $1000 to avoid service charges.
Fees on accounts may reduce earnings.
Rates are subject to change at the Bank's discretion without notice.
Rates are good as of 1/12/12.
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