Merchants Bank (MN)

Popular Accounts at this Bank

APY	ACCOUNT TYPE	HOW THEY COMPARE
0.50%	1-year CD	2.65% - Barclays 12 Month Online CD
0.05%	Savings	2.00% - Ally Bank Online 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 482^nd 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.

Overall
FDIC Certificate #	8866
Year Established	1875
Employees	390
Primary Regulator	OCC

Profit Margin
Return on Assets - YTD	1.22%
Return on Equity - YTD	9.93%
Annual Interest Income	$54.5MM

Assets and Liabilities
Assets	Q3 2018vs Q3 2017	$1.71B$1.66B
Loans	Q3 2018vs Q3 2017	$1.39B$1.36B
Deposits	Q3 2018vs Q3 2017	$1.41B$1.37B
Equity Capital	Q3 2018vs Q3 2017	$211.1MM$194.1MM
Loan Loss Allowance	Q3 2018vs Q3 2017	$18.4MM$20.1MM
Unbacked Noncurrent Loans	Q3 2018vs Q3 2017	$17.3MM$17.3MM
Real Estate Owned	Q3 2018vs Q3 2017	$3.1MM$1.1MM

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+
0.10%^*^†	$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
2.70%^*^†	$500^*	$15k	11 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

APY	MIN	MAX	ACCOUNT NAME
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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