Featured Savings Rates
Featured Accounts

Merchants Bank (MN)

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
0.20%1-year CD12-23 Month CD
0.05%SavingsAdvantage Savings
0.37%3-year CD30-35 Month CD

Overview / Commentary
866-496-0522
100-106 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 478th largest bank in the nation. It was established in 1875 and as of June of 2017, it had grown to 387 employees at 23 locations. Merchants Bank (MN)'s money market rates are 14% higher than the national average, and it has an A health rating.

Related Posts

View all posts from:


Reviews

No reviews have been left for this bank yet. Be the first to review.



Health

Health Grade Components

Overall
FDIC Certificate #8866
Year Established1875
Employees387
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.82%
Return on Equity - YTD7.07%
Annual Interest Income$33.4MM
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$1.67B$1.65B
LoansQ2 2017vs Q2 2016$1.37B$1.33B
DepositsQ2 2017vs Q2 2016$1.36B$1.29B
Equity CapitalQ2 2017vs Q2 2016$191.5MM$183.8MM
Loan Loss AllowanceQ2 2017vs Q2 2016$18.5MM$15.9MM
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$19.3MM$10.4MM
Real Estate OwnedQ2 2017vs Q2 2016$1.3MM$1.9MM
Rates
Report an Issue

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 | 0.12% $5k - $25k | 0.17% $25k - $50k | 0.20% $50k - $100k | 0.28% $100k - $200k
0.29%*$25k*-HSA Checking
OTHER TIERS: 0.15% Up to $10k | 0.17% $10k - $15k | 0.22% $15k - $25k
0.25%--Winter FUNd
0.25%--Summer FUNd
0.05%--Kids Savers Club
0.05%$50-Basic Savings
0.05%--Advantage Savings

Merchants Bank (MN) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$1m*$15mICS Money Market
OTHER TIERS: 0.25% $15mm+ | 0.35% Up to $1mm
0.37%*$1m*-Diamond Money Market
OTHER TIERS: 0.10% Up to $25k | 0.14% $25k - $50k | 0.17% $50k - $100k | 0.21% $100k - $200k | 0.27% $200k - $1mm

Merchants Bank (MN) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.37%*$1m*-Business Nonprofit Checking Tiered
OTHER TIERS: 0.10% Up to $25k | 0.14% $25k - $50k | 0.17% $50k - $100k | 0.21% $100k - $200k | 0.27% $200k - $1mm
0.30%*$1m*$15mICS Demand Deposit
OTHER TIERS: 0.15% Up to $1mm | 0.20% $15mm+
0.25%--Repurchase Agreement
0.10%--Interest Bearing Business Checking
0.05%--Partnership Banking
0.05%--Relationship Checking
0.05%--Veterans Preferred Banking

Merchants Bank (MN) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.20%$500-35 Month CD Special
1.00%$500-25 Month CD Special
0.52%$500-36 Month & Over CD
0.37%$500-30-35 Month CD
0.32%$500-24-29 Month CD
0.25%$100-12 Month Home Buyer's CD
0.20%$500-12-23 Month CD
0.10%$500-6-11 Month CD
0.05%$500-3-5 Month CD

Merchants Bank (MN) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.20%$500-35 Month IRA Special
1.00%$500-25 Month IRA Special
0.52%$500-24 Month "Summit" IRA
0.52%$500-36 Month & Over IRA
0.37%$500-30-35 Month IRA CD
0.32%$500-24-29 Month IRA CD
0.20%$500-12-23 Month IRA CD
Locations

Availability