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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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2.96% |
3.00% |
Monthly |
No minimum balance required to open account.
No Monthly Fees!
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$500.00 to $999.99 |
.10% |
.10% |
Monthly |
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$1,000.00 to $9,999.99 |
.15% |
.15% |
Monthly |
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$10,000.00 & Over |
.40% |
.40% |
Monthly |
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$1,000.00 & Over |
.25% |
.25% |
Monthly |
NOW Checking & Totally eChecking requires $100.00 to open.
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$0-$99.99 |
.05% |
.05% |
Monthly |
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$100-$999.99 |
.10% |
.10% |
Monthly |
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$1000 and over |
.15% |
.15% |
Monthly |
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$0-$99.99 |
.05% |
.05% |
Monthly |
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$100-$999.99 |
.10% |
.10% |
Monthly |
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$1000 and over |
.15% |
.15% |
Monthly |
Statement Savings require $100 to open account.
Children Savings require $5 to open account.
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$0-$999.99 |
.05% |
.05% |
Daily |
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$1,000-$24,999.99 |
.10% |
.105% |
Daily |
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$25,000-$49,999.99 |
.15% |
.15% |
Daily |
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$50,000 and over |
.40% |
.40% |
Daily |
Premium Savings require $100 to open and requires $1000 to avoid service charges.
Fees on accounts may reduce earnings.
Rates are subject to change at the Bank's discretion without notice.
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