Hampton Branch Temporarily Closed
Our branch in Hampton is temporarily closed due to smoke damage. For service, please contact us or visit another nearby Merchants Bank location in Cannon Falls, Hastings or Northfield. Thank you.
Save
We’re here to help you reach your financial goals – safely, conveniently and on your schedule. Explore ours savings options.
Savings Accounts
At Merchants, we believe everyone should be able to save with their hopes and dreams in mind. That's why our savings accounts were designed with conveniences for every lifestyle in mind.
Diamond Money Market
We understand you work hard for your money. That's why we created the Diamond Money Market, to help you earn more when you save more.
CDs & IRAs
Start on the path to secure your financial future today! A Certificate of Deposit (CD) can help you meet your longer-term savings goals and an Individual Retirement Account (IRA) may be an important part of your retirement savings plan.
Health Savings Account (HSA)
As your partner in financial wellness, we're here to help you prepare for any expense, expected or not. Save for future medical expenses with an HSA. This account offers the return of a savings account with all the convenience of a checking account with a qualified medical plan.
Compare Savings Accounts
| Diamond Money Market | Advantage Savings | Basic Savings | |
|---|---|---|---|
| Minimum Opening Deposit and Daily Balance to Avoid Fee | $5,000 | $1,000 | $50 |
| Fee, if Minimum not Maintained | $10 monthly | $8 quarterly | $8 quarterly |
| Withdrawal Limit | 6 per month | 12 per quarter | 12 per quarter |
| Fee per Withdrawal Over Limit | $10 | $2 | $2 |
| Earns Interest | |||
| Fee Free Cash at ATMs | |||
| Online & Mobile Banking | |||
| Apply Now | Apply Now | Apply Now |
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