Merchants Bank (MN)

Popular Accounts at this Bank

APY	ACCOUNT TYPE	HOW THEY COMPARE
0.50%	1-year CD	2.50% - Synchrony Bank 12 Month CD
0.05%	Savings	1.90% - American Express National Bank High Yield Savings Account
0.68%	3-year CD	2.85% - Synchrony Bank 36 Month CD

View all Merchants Bank (MN) rates »

Overview / Commentary

www.merchantsbank.com

507-457-1100

102 East Third Street
Winona, MN 55987

Merchants Bank (MN) is headquartered in Winona and is the 6^th largest bank in the state of Minnesota. It is also the 484^th largest bank in the nation. It was established in 1875 and as of June of 2018, it had grown to 389 employees at 23 locations. Merchants Bank (MN)'s money market rates are 30% higher than the national average, and it has an A health rating.

Overall
FDIC Certificate #	8866
Year Established	1875
Employees	389
Primary Regulator	OCC

Profit Margin
Return on Assets - YTD	1.23%
Return on Equity - YTD	10.02%
Annual Interest Income	$35.6MM

Assets and Liabilities
Assets	Q2 2018vs Q2 2017	$1.69B$1.67B
Loans	Q2 2018vs Q2 2017	$1.38B$1.37B
Deposits	Q2 2018vs Q2 2017	$1.38B$1.36B
Equity Capital	Q2 2018vs Q2 2017	$207.1MM$191.5MM
Loan Loss Allowance	Q2 2018vs Q2 2017	$18.4MM$18.5MM
Unbacked Noncurrent Loans	Q2 2018vs Q2 2017	$16.4MM$19.3MM
Real Estate Owned	Q2 2018vs Q2 2017	$2.8MM$1.3MM

Rates

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Savings
Money Market
Checking
CD
IRA

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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

† The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.

Merchants Bank (MN) Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.36%^*^†	$200k^*	-	IRA Savings Account
OTHER TIERS: 0.10% → Up to $5k \| 0.15% → $5k - $25k \| 0.18% → $25k - $50k \| 0.24% → $50k - $100k \| 0.28% → $100k - $200k
0.36%^†	-	-	Winter FUNd
0.36%^†	-	-	Summer FUNd
0.29%^*^†	$25k^*	-	HSA Checking
OTHER TIERS: 0.15% → Up to $10k \| 0.17% → $10k - $15k \| 0.22% → $15k - $25k
0.11%^†	-	-	Kids Savers Club
0.11%^†	-	-	Advantage Savings
0.05%^†	$50	-	Basic Savings

Merchants Bank (MN) Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.57%^*^†	$1m^*	-	Diamond Money Market
OTHER TIERS: 0.22% → Up to $25k \| 0.26% → $25k - $50k \| 0.29% → $50k - $100k \| 0.33% → $100k - $200k \| 0.38% → $200k - $1m
0.50%^*^†	$1m^*	$15m	ICS Money Market
OTHER TIERS: 0.25% → $15m+ \| 0.35% → Up to $1m

Merchants Bank (MN) Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.57%^*^†	$1m^*	-	Business Nonprofit Checking Tiered
OTHER TIERS: 0.22% → Up to $25k \| 0.26% → $25k - $50k \| 0.29% → $50k - $100k \| 0.33% → $100k - $200k \| 0.38% → $200k - $1m
0.30%^*^†	$1m^*	$15m	ICS Demand Deposit
OTHER TIERS: 0.15% → Up to $1m \| 0.20% → $15m+
0.25%^†	-	-	Repurchase Agreement
0.10%^*^†	$50k^*	-	Partnership Banking
OTHER TIERS: 0.06% → Up to $5k \| 0.07% → $5k - $50k
0.10%^†	-	-	Interest Bearing Business Checking
0.10%^*^†	$50k^*	-	Relationship Checking
OTHER TIERS: 0.06% → Up to $5k \| 0.07% → $5k - $50k
0.10%^*^†	$50k^*	-	Veterans Preferred Banking
OTHER TIERS: 0.06% → Up to $5k \| 0.07% → $5k - $50k

Merchants Bank (MN) CD Rates

APY	MIN	MAX	ACCOUNT NAME
2.42%^*^†	$25k^*	-	21 Month CD Special (New Money)
OTHER TIERS: 2.27% → $10k - $25k
2.22%^*^†	$25k^*	-	13 Month CD Special (New Money)
OTHER TIERS: 2.07% → $10k - $25k
2.00%^†	$500	-	11 Month CD Special (New Money)
0.75%^†	$500	-	36 Month & Over CD
0.68%^†	$500	-	30-35 Month CD
0.65%^†	$500	-	24-29 Month CD
0.50%^†	$500	-	12-23 Month CD
0.40%^†	$500	-	6-11 Month CD
0.36%^†	$100	-	12 Month Home Buyer's CD
0.13%^†	$500	-	3-5 Month CD

Merchants Bank (MN) IRA Rates

APY	MIN	MAX	ACCOUNT NAME
2.42%^*^†	$25k^*	-	21 Month IRA Special (New Money)
OTHER TIERS: 2.27% → $10k - $25k
2.22%^*^†	$25k^*	-	13 Month IRA Special (New Money)
OTHER TIERS: 2.07% → $10k - $25k
0.75%^†	$500	-	36 Month & Over IRA
0.68%^†	$500	-	30-35 Month IRA CD
0.65%^†	$500	-	24-29 Month IRA CD
0.52%^†	$500	-	24 Month "Summit" IRA
0.50%^†	$500	-	12-23 Month IRA CD

Locations

Availability

La Crosse Area

La Crosse Area bank & credit union details

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