Business Deposit Accounts

Business Deposit Accounts - Checking

Business Savings and Money Market Accounts

Interest Rates for Checking and Savings

Merchants Hometown SavingsRateAPY
$500.00 - $9,999.990.50%0.50%
$10,000.00 and above0.75%0.75%

$1,000 minimum opening deposit. This is a variable rate account; the rate(s) and APY(s) may change after the account is opened. You must maintain a minimum daily balance of $500.00 to obtain the disclosed annual percentage yield.

Merchants High Yield Money Market SavingsRateAPY
$1,000.00 - $9,999.990.95%0.95%
$10,000.00 - $49,999.991.00%1.00%
$50,000.00 - $99,999.991.10%1.11%
$100,000.00 - $249,999.991.50%1.51%
$250,000.00 and above1.75%1.76%

$1,000 minimum opening deposit. This is a variable rate account; the rate(s) and APY(s) may change after the account is opened. You must maintain a minimum daily balance of $500.00 to obtain the disclosed annual percentage yield.

Merchants PRIME PLUS MONEY MARKETRateAPY
$0.00 - $10,000.00 0.75% 0.75%
$10,000.01 - $25,000.00 1.00% 1.00%
$25,000.01 - $75,000.00 1.25% 1.25%
$75,000.01 - $250,000.00 1.50% 1.50%
$250,000.01 and above 1.75% 1.75%

$2,500 minimum opening deposit. This is a variable rate account; the rate(s) and APY(s) may change after the account is opened.

Rates are effective as of April 1, 2008. Rates can change daily, please contact customer service (Bank) for current rates. Fees can reduce earnings.