IMPORTANT COVID 19 UPDATES
* BRANCH INFORMATION:  Merchants Bank branch locations continue to be OPEN via drive thru service only until further notice.  Lobby access is available by appointment only and masks MUST be worn.  CLICK HERE for complete details including a change to Friday branch hours
* SBA CARES ACT 2020:  Has your business been impacted by COVID - 19?  We can HELP!  CLICK HERE for details!    
* No Travel Required When You Go Digital - CLICK HERE for details.  

 
IMPORTANT COVID 19 UPDATES
* BRANCH INFORMATION:  Merchants Bank branch locations continue to be OPEN via drive thru service only until further notice.  Lobby access is available by appointment only and masks MUST be worn.  CLICK HERE for complete details including a change to Friday branch hours
* SBA CARES ACT 2020:  Has your business been impacted by COVID - 19?  We can HELP!  CLICK HERE for details!    
* No Travel Required When You Go Digital - CLICK HERE for details.  

 

Rates

Deposit rates effective 05-05-2020
Rates subject to change without notice.

Click here for Home Equity Rates.
Click here for Personal Loan Rates.
49 Plus, Interest and Relationship Checking Tiered Interest Rates
Minimum balance to obtain APY*
APY*
Interest Rate
Below $1000.00
.00%
.00%
$1000.00 - $9,999.99
.05%
.05%
$10,000 - $49,999.99
.05%
.05%
$50,000 or more
.05%
.05%
*Annual Percentage Yield
Rates subject to change without notice. See above for effective date of rates. Rates may change after account opening. Fees could reduce the earnings on the account
Business Interest Checking
Minimum balance to obtain APY*
APY*
Interest Rate
$1,000 or more
0.05%
0.05%
*Annual Percentage Yield
Rates subject to change without notice. See above for effective date of rates. Rates may change after account opening. Fees could reduce the earnings on the account.
Super Money Market Tiered Interest Rates
Minimum balance to obtain APY*
APY*
Interest Rate
$85,000.00 or more
.25%
.25%
$50,000.00 - 84,999.99
0.20%
0.20%
$25,000.00 - $49,999.99
0.15%
0.15%
$10,000.00 - $24,999.99
0.10%
0.10%
$1,000.00 - $9,999.99
0.08%
0.08%
*Annual Percentage Yield
Rates subject to change without notice. See above for effective date of rates. Rates may change after account opening. Fees could reduce the earnings on the account.
Certificates of Deposit Rates - Regular CDs
Minimum balance to obtain APY*
Term
APY*
Interest Rate
$1,000
3 month
0.25%
0.25%
$1,000
6 month
0.25%
0.25%
$1,000
9 month
0.35%
0.35%
$1,000
12 month
0.45%
0.45%
$1,000
18 month
0.50%
0.50%
$1,000
24 month
0.55%
0.55%
$1,000
30 month
0.60%
0.60%
$1,000
36 month
0.65%
0.65%
$1,000
48 month
0.75%
0.75%
$1,000
60 month
1.00%
1.00%
*Annual Percentage Yield
Rates subject to change without notice. See above for effective date of rates. A penalty may be imposed for withdrawals made or closing the account prior to maturity.
Certificates of Deposit Rates - Jumbo CDs
Minimum balance to obtain APY*
Term
APY*
Interest Rate
$100,000
1 month
0.10%
0.10%
$100,000
2 month
0.15%
0.15%
$100,000
3 month
0.30%
0.30%
$100,000
6 month
0.30%
0.30%
$100,000
9 month
0.40%
0.40%
$100,000
12 month
0.50%
0.50%
$100,000
18 month
0.55%
0.55%
$100,000
24 month
0.60%
0.60%
$100,000
30 month
0.65%
0.65%
$100,000
36 month
0.70%
0.70%
$100,000
48 month
0.80%
0.80%
$100,000
60 month
1.05%
1.04%
*Annual Percentage Yield Rates
subject to change without notice. See above for effective date of rates. A penalty may be imposed for withdrawals made or closing the account prior to maturity.