Merchants State Bank

TODAY'S FEATURED RATES

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

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Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms apply. Member FDIC

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

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Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

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Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

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Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Overview / Commentary

www.msb-sd.com

605-925-4222

305 S. Main St
Freeman, SD 57029

Merchants State Bank is headquartered in FREEMAN and is the 33^rd largest bank in the state of South Dakota. It is also the 2,932^nd largest bank in the nation. It was established in 1899 and as of March of 2025, it had grown to 31 employees at 4 locations. Merchants State Bank's money market rates are 4X the national average, and it has an A health rating.

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Health

Data as of Q1 2025

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	1125
Year Established	1899
Employees	31
Primary Regulator	FED

Profit Margin
Return on Assets - YTD	1.83%
Return on Equity - YTD	13.51%
Annual Interest Income	$3MM

Assets and Liabilities
Assets	Q1 2025vs Q1 2024	$216.9MM$217.1MM
Loans	Q1 2025vs Q1 2024	$138.4MM$143.7MM
Deposits	Q1 2025vs Q1 2024	$173.1MM$173.9MM
Equity Capital	Q1 2025vs Q1 2024	$29.3MM$26.7MM
Loan Loss Allowance	Q1 2025vs Q1 2024	$1MM$1MM
Unbacked Noncurrent Loans	Q1 2025vs Q1 2024	$673K$384K
Real Estate Owned	Q1 2025vs Q1 2024	$0$0

TODAY'S FEATURED RATES

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Rates

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Money Market
Checking
CD
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Merchants State Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
3.35%	$10	-	Coverdell Education
0.25%	$10	-	Statement Savings

Merchants State Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
1.80%^*	$50k^*	-	Money Market Gold Account
OTHER TIERS: 1.10% → $0 - $10k \| 1.30% → $10k - $25k \| 1.55% → $25k - $50k
1.10%	$2.5k	-	Money Market Savings Account

Merchants State Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.80%	$2.5k	-	Super NOW Account
0.50%	$1k	-	NOW Account

Merchants State Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
3.60%	$5k	-	11 month CD Special
3.25%	$100	-	12 Month CD
3.25%	$100	-	18 Month CD
3.25%	$100	-	30 Month CD
3.00%	$100	-	6 Month CD
3.00%	$100	-	24 Month CD
3.00%	$100	-	36 Month CD
3.00%	$100	-	48 Month CD
3.00%	$100	-	60 Month CD
2.75%	$100	-	3 Month CD

Merchants State Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
3.35%	$50	-	Traditional IRA Savings
3.35%	$50	-	Roth IRA Savings
3.35%	$50	-	Simplified Employee Pension

Locations

Merchants State Bank Locations
Viborg Office Branch	201 N. Main St.	Viborg, SD 57070
Irene Branch	207 West Main Street	Irene, SD 57037
Merchants State Bank	305 S Main St	Freeman, SD 57029
Hurley Branch	308 Center Street	Hurley, SD 57036

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