FDIC-Insured - Backed by the full faith and credit of the U.S. Government
Merchants Bank

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Flex Index CD - Adjustable Rate Certificate of Deposit
4.86% APY
Finally, a certificate of deposit that keeps pace with a changing rate environment!  Our Flex Index CD instantly allows our customers to earn more when the Fed raises rates with the peace of mind that comes with FDIC insurance.
  • Interest rate is based on a Prime Rate index minus a margin of 2.75%, with a floor of 0%
  • Interest rate may change at any time based on changes in the index
  • Minimum balance to open CD is $1000
  • Must maintain minimum balance of $1000 every day to earn APY
  • Penalty may be imposed for early withdrawal
12 Month Term
Fixed Rate CD
Looking for a fixed-rate, fixed-term deposit account?  A traditional Certificate of Deposit is a great way to earn higher interest rates than regular savings accounts.
  • No gimmicks.
  • No hidden fees.
  • Just a great rate.
  • It’s no wonder we’re one of the nation’s top-performing banks.
3 Month Term
Money Market Savings
4.25% APY
Our Money Market Account is a safe and flexible way to maximize your savings while maintaining easy access to your funds. With interest rates nearly 10X the national average, a Merchants Bank Money Market account is perfect for those who want to earn more with the security of an FDIC-insured account.  
  • Minimum balance to open account is $50
  • No minimum balance to earn Annual Percentage Yield (APY)
  • APY may change after account opening
  • Fees may reduce earnings on account
  • Limited to 6 withdrawals per monthly statement cycle
  • Free Online and Mobile Banking