It’s easy to bank with Merchants Bank for your personal banking needs.  Hop on over!

Our traditional deposit account services offer all the modern conveniences you need.  Our personal banking services are safe, reliable, and tailored to you.  At Merchants Bank, relationships with our customers are top priority.  Getting to know you is important to us. The more we understand your needs, the more we can help you succeed. Our personal banking offerings include:

Personal Checking

  • Auto refund on all ATM fees, for any bank
  • Interest bearing checking
  • Free email and text message alerts
  • Free Internet banking with bill pay
  • Debit cards
  • Direct deposit of pay
  • First order of checks free

Savings/Certificates of Deposit

  • Savings Account
  • Money Market Account
  • Certificates of deposit (CD) with flexible maturities
  • Competitive interest rates among the best in the region

Health Savings Account (HSA)

  • Competitive interest rates among the best in the region
  • Debit card and check access
  • Monthly statements

Home Equity Loans

  • Line of Credit
  •     – Interest Only
  •     – Up to 84 Month Term
  •     – No Prepayment Penalty
  • Term Loans
  •     – Competitive Rates
  •     – Interest May be Tax Deductible

Installment Loans

Premium and World Mastercards

Whether you are looking for a credit card for personal use, or for your business, we have a local card with global power and a better choice of benefits.

  • Choice of Cash or Point Rewards
  • 24/7 Customer Support
  • Online Reward Tracking
  • Protection & Security Services

To apply, speak to one of our Consumer Banking professionals.

Greater Fraud Protection with EMV Chip Technology

Merchants Bank of Indiana debit cards now come with EMV™ chip technology.  Your new card now features greater fraud protection, built right into the card.  Whenever the chip card is used with a chip-enabled terminal, a unique one-time code is created for the purchase to be approved.  This is nearly impossible for counterfeit cards to duplicate, so you can shop with confidence.  Plus, with more merchants around the world installing chip-enabled terminals, you have a more secure way to pay wherever you go.

No Ropes, No Strings Attached, NO TEASING!

While other banks hook you with teaser rates, we focus on the basics…GREAT RATES, no strings attached.

1.75% APY*

Make the most of your hard earned savings dollars with a Merchants Bank of Indiana Money Market account. Be rewarded with 1.75% APY* on accounts from $0 – $1,000,000…no strings attached.

Account Details

  • Minimum balance to open account is $50
  • No minimum balance to earn APY
  • APY may change after account opening
  • Fees may reduce earnings on account
  • Limited to 6 preauthorized transfers or withdrawals per monthly statement cycle
*The annual percentage yield (APY) is accurate as of 12/21/2018.


A great way to earn higher interest rates than traditional savings accounts is with a Merchants Bank of Indiana Certificate of Deposit (CD).  Visit a branch near you or speak with a banker for current rates in your area.

Speak with a Personal Banker near you.

Carmel, IN:  317-805-4303
Indianapolis, IN:  317-805-4300
Lynn, IN:  765-874-2511
Spartanburg, IN:  765-874-1031

Let us help you make the switch

We make switching to Merchants convenient and uncomplicated.  Simply download and complete the electronic Switch Kit and one of our Personal Bankers will assist with the rest.

Scroll to Top