CashRewards Checking
CashRewards 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
- Over 43,000 Merchants Bank and Allpoint ATMs–including hundreds in Vermont.
*Annual cash rewards over $600 require 1099 reporting.
Flexible CD
Our Flexible CD gives you the benefit of low-risk savings with higher returns. Plus, you can access your funds without penalties. Features include:
- Initial $500 deposit
- Higher rates of return than a Money Market Account
- Can be used to secure a Merchants Bank loan
- A maximum aggregate balance of $250,000 per customer
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
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 monthly balance requirement
- FDIC insured
- May be used to fund overdraft coverage
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
- SEP IRA
- SIMPLE IRA
- Coverdell Education Savings Account
CDARS®
- 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.
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Questions?
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Do I need to live or work in Vermont to open an account or loan?
Do I need to live or work in Vermont to open an account or loan?
Merchants Bank opens accounts or loans for people living or working in Vermont or communities adjacent to our offices.
Allpoint ATM Network
Access over 43,000 surcharge-free ATMs around the world-with hundreds right here in Vermont. Learn more.
Rewards Checking for Business
Earn cash back, enjoy FREE processing of your first 999 items, FREE access to FinanceWorks and more. Click here.
Small Business
From lines of credit and cash back checking accounts to cash management and local decision making on loans. Learn more.