Overview / Commentary
507-457-1100
102 East Third Street
Winona, MN 55987

Merchants Bank (MN) is headquartered in Winona and is the 6th largest bank in the state of Minnesota. It is also the 482nd largest bank in the nation. It was established in 1875 and as of September of 2018, it had grown to 390 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.

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Health

Health Grade Components

Overall
FDIC Certificate #8866
Year Established1875
Employees390
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD1.22%
Return on Equity - YTD9.93%
Annual Interest Income$54.5MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$1.71B$1.66B
LoansQ3 2018vs Q3 2017$1.39B$1.36B
DepositsQ3 2018vs Q3 2017$1.41B$1.37B
Equity CapitalQ3 2018vs Q3 2017$211.1MM$194.1MM
Loan Loss AllowanceQ3 2018vs Q3 2017$18.4MM$20.1MM
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$17.3MM$17.3MM
Real Estate OwnedQ3 2018vs Q3 2017$3.1MM$1.1MM
Rates
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Always verify rates and promotions with the bank or credit union. We are not Merchants Bank (MN); we are a rate comparison website and cannot provide official rates or promotions.

* 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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*$15mICS Money Market
OTHER TIERS: 0.25% $15m+ | 0.35% Up to $1m

Merchants Bank (MN) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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*$15mICS Demand Deposit
OTHER TIERS: 0.15% Up to $1m | 0.20% $15m+
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.70%*$500*$15k11 Month CD Special w/Checking and Credit Card - New Money
OTHER TIERS: 2.40% $15k+
2.55%$15k-26 Month CD Special w/ Checking - New Money
2.55%$15k-26 Month CD Special w/Checking and Credit Card w/balance transfer - New Money
2.55%$15k-26 Month w/Credit Card - New Money
2.45%*$15k*-26 Month CD Special w/Checking and Credit Card - New Money
OTHER TIERS: 2.15% $500 - $15k
2.30%$15k-11 Month CD Special w/ Checking - New Money
2.30%$15k-11 Month CD Special w/Checking and Credit Card w/balance transfer - New Money
2.30%$15k-11 Month w/Credit Card - New Money
2.25%$500-26 Month CD Special
2.00%$500-11 Month CD Special
0.75%$500-36 Month & Over CD
0.75%$500-36 Month & Over HSA CD
0.68%$500-30-35 Month CD
0.68%$500-30 - 35 Month HSA CD
0.65%$500-24-29 Month CD
0.65%$500-24 - 29 Month HSA CD
0.50%$500-12-23 Month CD
0.50%$500-12 - 23 Month HSA CD
0.40%$500-6-11 Month CD
0.40%$500-6 - 11 Month HSA CD
0.36%$100-12 Month Home Buyer's CD
0.13%$500-3-5 Month CD
0.13%$500-3- 5 Month HSA CD

Merchants Bank (MN) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

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