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In order to get started, select an account that works for you.

Money Market Savings

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

Flex Index CD - Adjustable Rate Certificate of Deposit

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