Rewards Checking

Rewards Checking gives you the access, rewards and support you need from a checking account. In fact, calling it just a checking account is a serious understatement. Benefits include:

  • Free Online Banking and Free Mobile Banking
  • Cash back* on all Debit Card purchases
  • Our Purchase Rewards program for Online Banking customers

Learn More

Health Savings Account

Our Health Savings Account (HSA) is a simple way to make the most of your health care dollars. Our HSA is an interest-earning account offering a low $25 minimum opening deposit and no monthly maintenance fee. Benefits include:

  • No set-up fee
  • No minimum balance
  • Free standard HSA checks

Learn More

Certificate of Deposit Account

Our Certificate of Deposit accounts (CD) earn a higher interest rate than traditional deposit accounts. Funds are deposited into a CD with a set term and the funds are held in the account until the certificate's maturity date. Benefits include:

  • Worry free savings account with a higher interest rate than traditional deposit accounts
  • A variety of terms are available (ranging from 1 to 60 months) 
  • Interest rates are locked for the term of the certificate ensuring that the interest earned do not decrease even if that rates does

Learn More

Money Market Account

With our interest-earning and easy-access Money Market Account, you can save or store funds for longer-term purposes, at higher interest rates than standard savings or checking accounts.

  • Low $25 opening deposit
  • Low $25 average daily balance requirement
  • FDIC insured
  • May be used to fund overdraft coverage

Learn More

Individual Retirement Accounts

It's not always easy to think about the future. At Merchants Bank, we offer a variety of IRAs – so you can choose the account that best meets your needs. Our IRAs include: 

  • Traditional IRA
  • Roth IRA 
  • Coverdell Education Savings Account 

Learn More


  • If you're looking to invest larger sums of money – with the protection of FDIC insurance – the Certificate of Deposit Account Registry Service (CDARS®) Network program may be just the tool you need. With CDARS, you can purchase more than $250,000 in CDs at Merchants Bank and still be eligible for FDIC coverage.

Learn More