Merchants Bank (MN)

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CURRENT TOP RATE

35 Month CD Special w/ Checking, DD, and CC w/ balance transfer - New Money

Popular Accounts at this Bank

APY	ACCOUNT TYPE	HOW THEY COMPARE
0.50%	1-year CD	2.75% - Barclays 12 Month Online CD
0.05%	Savings	2.20% - Barclays Online Savings Account
0.68%	3-year CD	2.85% - Barclays 36 Month Online 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 5^th largest bank in the state of Minnesota. It is also the 473^rd largest bank in the nation. It was established in 1875 and as of December of 2018, it had grown to 399 employees at 23 locations. Merchants Bank (MN)'s money market rates are 70% higher than the national average, and it has an A health rating.

Related Posts

View all posts from:

2016
2007

7/23 - Merchants Bank (MN/WI) Offers "Growth Spurt" CD Specials
7/17 - 45-Month CD Special In Winona MN

7/27 - 6.00% 7-Month CD at a Minnesota Bank (First National Bank)

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Health

A

Data as of Q4 2018

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	8866
Year Established	1875
Employees	399
Primary Regulator	OCC

Profit Margin
Return on Assets - YTD	1.27%
Return on Equity - YTD	10.39%
Annual Interest Income	$73.8MM

Assets and Liabilities
Assets	Q4 2018vs Q4 2017	$1.77B$1.66B
Loans	Q4 2018vs Q4 2017	$1.43B$1.36B
Deposits	Q4 2018vs Q4 2017	$1.44B$1.40B
Equity Capital	Q4 2018vs Q4 2017	$215.2MM$203.9MM
Loan Loss Allowance	Q4 2018vs Q4 2017	$18.5MM$18.8MM
Unbacked Noncurrent Loans	Q4 2018vs Q4 2017	$22.2MM$17.5MM
Real Estate Owned	Q4 2018vs Q4 2017	$1.3MM$1.5MM

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	VIEW DETAILS
0.45%^*^†	$25k^*	-	HSA Checking
OTHER TIERS: 0.15% → Up to $5k \| 0.20% → $5k - $10k \| 0.30% → $10k - $15k \| 0.40% → $15k - $25k
0.40%^†	-	-	Winter FUNd
0.40%^†	-	-	Summer FUNd
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
0.15%^*^†	$2.5k^*	-	Advantage Savings
OTHER TIERS: 0.11% → Up to $2.5k
0.11%^†	-	-	Kids Savers Club
0.05%^†	$50	-	Basic Savings

Merchants Bank (MN) Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.75%^*^†	$1m^*	-	Diamond Money Market
OTHER TIERS: 0.15% → Up to $5k \| 0.20% → $5k - $25k \| 0.30% → $25k - $50k \| 0.40% → $50k - $100k \| 0.50% → $100k - $200k \| 0.60% → $200k - $1m
0.75%^†	-	-	Funeral Home Money Market
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	VIEW DETAILS
0.75%^*^†	$1m^*	-	Business Nonprofit Checking Tiered
OTHER TIERS: 0.15% → Up to $5k \| 0.20% → $5k - $25k \| 0.30% → $25k - $50k \| 0.40% → $50k - $100k \| 0.50% → $100k - $200k \| 0.60% → $200k - $1m
0.30%^*^†	$1m^*	$15m	ICS Demand Deposit
OTHER TIERS: 0.15% → Up to $1m \| 0.20% → $15m+
0.25%^†	-	-	Repurchase Agreement
0.14%^*^†	$50k^*	-	Partnership Banking
OTHER TIERS: 0.06% → Up to $2.5k \| 0.08% → $2.5k - $5k \| 0.10% → $5k - $50k
0.14%^*^†	$50k^*	-	Relationship Checking
OTHER TIERS: 0.06% → Up to $2.5k \| 0.08% → $2.5k - $5k \| 0.10% → $5k - $50k
0.14%^*^†	$50k^*	-	Veterans Preferred Banking
OTHER TIERS: 0.06% → Up to $2.5k \| 0.08% → $2.5k - $5k \| 0.10% → $5k - $50k
0.10%^†	-	-	Interest Bearing Business Checking

Merchants Bank (MN) CD Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
2.75%^†	$15k	-	35 Month CD Special w/ Checking, DD, and CC w/ balance transfer - New Money
2.60%^†	$15k	-	23 Month CD Special w/ Checking, DD, and CC w/ balance transfer - New Money
2.45%^†	$15k	-	11 Month CD Special w/ Checking, DD, and CC w/ balance transfer - New Money
2.30%^†	$500	-	35 Month CD Special
2.15%^†	$500	-	23 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
0.40%^†	$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	VIEW 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

Availability

La Crosse Area

La Crosse Area bank & credit union details

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