Banking Rates & News

Indianapolis Area

Including Albany, Alexandria, Anderson, Attica, Avon, Bainbridge, Bargersville, Bedford, Beech Grove, Belleville, and 115 other towns.

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Banking in the Indianapolis Area

There's more to Indianapolis than just the Colts - the capital of Indiana is home to seven different cultural districts, focusing on music, art, dining and celebrations of the rich history of the city. Several major US businesses have their headquarters in Indianapolis, including Steak 'n Shake, Lids, Finish Line and even Emmis Communications. Of course, you'll need a way to fund those excursions to Fountain Square or the Wholesale District. Luckily, Indianapolis is home to a huge number of banks.

As the capital of Indiana, you'll find a wide variety of banking options are available in Indianapolis. 48 banks and 72 credit union are headquartered there, including First Merchants Bank N.A., MainSource Bank, Horizon Bank, N.A., Merchants Bank of Indiana, and The National Bank of Indianapolis.

Throughout the city and neighboring suburbs, such as Kokomo, Muncie, Carmel, Greenwood and Noblesville, you will find over 1,290 branches from more than 85 banks and 85 credit unions. The oldest institution still active in the area is Greenfield Banking Company, which was established in 1871. With a fairly even split between credit unions and banks, you're sure to find a service that will perfectly suit your needs.

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Local Deals & News

Merchants Bank of Indiana Money Market Account Is Near Rate Leader
Deal Summary: Money Market Account, 3.05% APY on all balances, $50 minimum opening deposit. Availability: Nationwide through online application. Last week, Merchants Bank of Indiana (MBoI) added 77 bps to
Elements Financial Helium Savings 3.25% APY PROMO RATE
Elements Financial 3.25% APY Helium Savings Rate Guaranteed For One Year $2500 min deposit to get rate, if it falls under $2500 rate is .10% No Fees - Helium Savings
Limited Time Certificate Specials & Helium Savings Promotion From Elements Financial
Elements Financial has introduced Certificate Specials for 18-Months at 3.30% APY and 26-Months at 3.45% APY. These are limited-time-only specials. For full details and to apply, visit elements.org/Certificates. In addition,
Merchants Bank Of Indiana Raises Money Market Savings To 3.05% APY
Woohoo!  This just happened.  This rate had not been raised when I made my Merchants Bank post earlier today about their CD rates. https://www.merchantsbankofindiana.com/money-market/
Merchants Bank Of Indiana Raises 12, 24, And 36-Month Flex Index CD Rates To 3.56% APY
This is a variable rate CD tied to the Prime Rate. Different terms may be chosen.  The APY still lags leading brokered CD and Treasury rates, but should continue to
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