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.
Personal Checking
Maybe you’re looking for the basics, or you want to earn interest. It’s easy to get started, and our banking professionals are right here to help you.
All of Merchants Bank’s personal checking accounts come with these features:
- Interest bearing checking
- Refund of all ATM fees
- Free online banking with bill pay
- Direct deposit
- EMV debit cards for greater fraud protection
- Free email and text message alerts
- First order of checks free

Complete a New Account Application and contact one of our Banking Professionals to assist you.
Money Market/Savings
Money Market Rate
0.75%
APY*
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 1/1/2021.
Certificates of Deposit
A great way to earn higher interest rates than traditional savings accounts is with a Merchants Bank of Indiana Certificate of Deposit (CD).
ACCOUNT DETAILS
- Minimum balance to open CD is $1000
- No minimum balance to earn APY
- Penalty may be imposed for early withdrawal
You may apply for CDs online by clicking on the link below. Rather apply in person? Contact one of our Banking Professionals to assist you.
CD Rates up to
0.65%
APY*
1 Month CD: 0.35% APY
2 Month CD: 0.35% APY
3 Month CD: 0.35% APY
4 Month CD: 0.35% APY
6 Month CD: 0.35% APY
9 Month CD: 0.40% APY
12 Month CD: 0.40% APY
15 Month CD: 0.45% APY
18 Month CD: 0.50% APY
24 Month CD: 0.55% APY
30 Month CD: 0.60% APY
36 Month CD: 0.65% APY
Health Savings Accounts (HSAs)
- Competitive interest rates
- Deposits for qualified medical expenses
- Debit card with EMV chip and check access
- Monthly Statements
Complete this HSA Account Application and contact one of our Banking Professionals to assist you.

Home Equity Line of Credit
- Line of Credit
- – Interest Only
- – Flexible Terms
- – No Prepayment Penalty
- – Competitive Rates
- – Convenient access to funds by writing a check
Personal 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.
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.
