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 484th 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.

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Health

Health Grade Components

Overall
FDIC Certificate #8866
Year Established1875
Employees389
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD1.23%
Return on Equity - YTD10.02%
Annual Interest Income$35.6MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$1.69B$1.67B
LoansQ2 2018vs Q2 2017$1.38B$1.37B
DepositsQ2 2018vs Q2 2017$1.38B$1.36B
Equity CapitalQ2 2018vs Q2 2017$207.1MM$191.5MM
Loan Loss AllowanceQ2 2018vs Q2 2017$18.4MM$18.5MM
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$16.4MM$19.3MM
Real Estate OwnedQ2 2018vs Q2 2017$2.8MM$1.3MM
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+
0.25%--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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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



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