Notify Us of Travel Plans

Travel plans for Independence Day? Let us know if you’ll be traveling out of the tri-state area to ensure your Merchants Bank debit or credit cards continue to work. Submit a travel alert in Online & Mobile Banking or call us at (866) 496-0522. Have a safe holiday!

Savings Accounts

Save the way you want with a convenient savings account for every lifestyle. 

Advantage Savings Account Features

  • $1,000 minimum opening deposit and daily balance required
  • $8 quarterly fee, if minimum not maintained
  • 12 withdrawals allowed per quarter ($2 per withdrawal over 12)
  • Earns interest
  • Online & Mobile Banking
  • Fee-free cash at ATMs

Basic Savings Account Features

  • $50 minimum opening deposit and daily balance required
  • $8 quarterly fee, if minimum not maintained
  • 12 withdrawals allowed per quarter ($2 per withdrawal over 12)
  • Earns interest
  • Online & Mobile Banking
  • Fee-free cash at ATMs

Summer and Winter FUNd Features

  • No minimum deposit required
  • Automatic deposit of $25 or more per month required from a Merchants Bank checking or savings account or payroll direct deposit
  • Automated deposits are made to:
         Summer Fund from August-May
         Winter Fund from January-October  
  • Withdrawals are not permitted prior to disbursement or accrued interest is forfeited and account is closed   
  • Funds are disbursed and accrued interest is paid on balances the first business day of:
         June (Summer Fund)
        November (Winter Fund)
  • Fund payments automatically resume two months after disbursement date

Compare Savings Accounts

Diamond Money MarketAdvantage SavingsBasic 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 Limit6 per month12 per quarter12 per quarter
Fee per Withdrawal Over Limit$10$2$2
Earns Interest
Fee Free Cash at ATMs
Online & Mobile Banking
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Wealth

As your dedicated financial partner, we offer Wealth Management resources to help you plan for the future. Put our expertise to work for you. 

Spend

Choose from a variety of flexible and convenient checking accounts that let you spend the way you want.

Online & Mobile Banking

Take advantage of our Online & Mobile Banking tools, giving you the freedom to do more with your money. 

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