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
Hand using Calculator sitting at computer

Complete a New Account Application and contact one of our Banking Professionals to assist you.

Money Market/Savings

While other banks hook you with introductory teaser rates, we focus on the basics…GREAT RATES, no strings attached. 
Make the most of your hard earned savings dollars with a Merchants Bank of Indiana Money Market account.  Be rewarded with 1.00% APY* on accounts with balances up to $1,000,000…no strings attached.
You may apply for a Money Market Account online by clicking on the link below.  Rather apply in person?  Contact one of our Banking Professionals to assist you.

Money Market Rate



    • 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 3/16/2020.

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).

  • Minimum balance to open CD is $1000
  • 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


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

*The Annual Percentage Yield (APY) is accurate as of 6/15/2020.

Health Savings Accounts (HSAs)

A Merchants Bank HSA is a complement to your High Deductible Health Plan (HDHP). It lets you invest your health care dollars wisely to cover current and future medical/health expenses.
HSAs allow individuals with qualified high-deductible health care plans to take advantage of tax-free savings by setting aside interest-earning funds that can be used for qualified health care expenses. Unspent balances within the HSA roll over year after year!
  • 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

A Merchants Bank home equity line of credit can help you make the most of your home’s value by taking advantage of the equity that you have been building since the day you purchased it. Ask us how we can use your equity to help pay for home improvements, consolidate debt, or satisfy various financing needs.
  • Line of Credit
  •     – Interest Only
  •     – Flexible Terms
  •     – No Prepayment Penalty
  •     – Competitive Rates
  •     – Convenient access to funds by writing a check

Personal Installment Loans

Personal installment loans offer flexible terms and competitive rates with friendly service from our knowledgeable lending staff.
Equal Housing Lender logo

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.

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