Money Market Account
Saving money, interest-earning and easy access come standard with our Money Market Account, a perfect compliment to Rewards Checking.
You can save or store funds for longer-term purposes, at higher interest rates than standard savings or checking accounts. A safe, reliable investment, this highly liquid account offers easy access to your money when you need it.
A tiered interest structure allows you to earn interest from the first dollar you deposit – giving you the highest available rate for your balance.
Benefits include:
- Low $25 opening deposit
- Low $25 average monthly balance requirement
- Unlimited transactions in person or via automated teller machine (ATM)
- FDIC insured
- Eligible for Overdraft Assurance
- May be used to fund Rewards Checking overdraft coverage
This account is limited to six transfers per statement period. Transfers include checks, electronic, telephone, and overdraft coverage transactions.

Money Market Account cannot be the primary account on a debit card.
†Average balances under $25 per statement period are charged a $2 service charge. Minors under 18 years and seniors over 65 years are exempt from this service charge.
Questions? We are always here to help. Our local Customer Call Center – (800) 322-5222 – is dedicated to making sure you get the answers you need.
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Questions?
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Are there advantages to having both checking and savings?
Are there advantages to having both checking and savings?
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Why aren’t your rates as high as online banks?
Why aren’t your rates as high as online banks?
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How do I withdraw/use money in this account?
How do I withdraw/use money in this account?
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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.
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Do you offer an investment alternative for every day people?
Do you offer an investment alternative for every day people?
Yes, to learn more about our Trust Personal Investment Account, click here.
Online Bill Payment
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Mobile Banking
Make payments, check balances and more from your smartphone. Download our free Mobile Banking App here. ($3 monthly fee applies to Free Checking for Life account holders.)
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