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In order to get started, select an account that works for you.

Flex Index CD - Adjustable Rate Certificate of Deposit

4.60% APY
Finally, a CD that keeps pace with a changing rate environment! Our Flex Index CD flexes, so you earn a great rate, with the peace of mind that comes with FDIC insurance.

Interest rate is based on a Prime Rate index minus a margin of 3.00%, with a floor of 0%
Interest rate may change at any time based on changes in the index
Minimum balance to open CD is $1000
Must maintain minimum balance of $1000 every day to earn APY
Penalty may be imposed for early withdrawal

Fixed Rate CD

Looking for a fixed-rate, fixed-term deposit account? A traditional Certificate of Deposit is a great way to earn higher interest rates than regular savings accounts.

No gimmicks.
No hidden fees.
Just a great rate.
It’s no wonder we’re one of the nation’s top-performing banks.

Money Market Savings

4.25% APY
Our Money Market Account is a safe and flexible way to maximize your savings while maintaining easy access to your funds. With interest rates nearly 10X the national average, a Merchants Bank Money Market account is perfect for those who want to earn more with the security of an FDIC-insured account.

Minimum balance to open account is $50
No minimum balance to earn Annual Percentage Yield (APY)
APY may change after account opening
Fees may reduce earnings on account
Limited to 6 withdrawals per monthly statement cycle
Free Online and Mobile Banking