Available for residents Nationwide, Merchants Bank of Indiana Money Market Account is offering a 0.75% APY.
Continue reading below to learn everything you need to know about Merchants Bank of Indiana.
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Merchants Bank of Indiana Money Market Review
Merchants Bancorp is a diversified bank holding company headquartered in Carmel, Indiana operating multiple lines of business, including multi-family housing and healthcare facility financing and servicing, mortgage warehouse financing, retail and correspondent residential mortgage banking, agricultural lending and traditional community banking.
In addition to the rate from Merchants Bank of Indiana, check out our list of best rates Savings, Money Market, and CD accounts.
If you are interested in expanding your financial future, definitely use our bank bonuses page to find other offers. Some popular bank offers include Chase Bank, Discover Bank, TD Bank, Huntington Bank, HSBC Bank and many more.
I’ll review Merchants Bank of Indiana Money Market below.
Merchants Bank of Indiana Money Market Rate
To earn Merchants Bank of Indiana’s competitive rate, simply complete all the requirements. That’s all it takes and you’ll get to enjoy earning the 0.75% rate.
- What you’ll get: 0.75% APY
- Eligible account: Money Market
- Credit inquiry: Unknown
- Where it’s available: Nationwide
- Opening Deposit: $50
- Monthly fee: None
- Early Termination Fee: None listed, check with CSR
Savings account offers are frequently updated. Find the best nationwide Savings/Money Market rates here, and the best Savings account bonuses here. The UFB High Yield Savings and CIT Bank Savings Builder accounts offer great rates available nationwide. The Aspiration account has a nice sign-up bonus plus great rate.
|Aspiration||1.00% APY + $100 Cash||Review|
|Axos Bank High-Yield Savings||Up to 0.61% APY||Review|
|Quontic Bank High Yield Savings||0.55% APY||Review|
|CIT Bank Money Market||0.45% APY||Review|
|American Express High Yield Savings||0.40% APY||Review|
|CIT Bank Savings Builder||0.40% APY||Review|
|Discover Bank Online Savings||0.40% APY||Review|
Merchants Bank of Indiana Money Market Rates
- Open a Money Market account with an opening deposit of just $100
- Earn the 0.75% APY rate on all balances up to $1,000,000
|Balance Requirement||APY Rate|
|$0 to $1,000,000||0.75% APY|
Merchants Bank of Indiana Money Market Features
- Earn an industry-leading rate of 0.75% APY with absolutely no commitment.
- There is unlimited checking writing and an ATM/debit card can be requested.
- Funding is through ACH.
- No monthly fees
- FDIC Insured to protect your entire balance
Because this is a web account, you can manage everything online which is very convenient. Additionally you can earn a 0.75% APY with just a $100 minimum opening deposit. You won’t have to worry about monthly fees either. In my opinion, this account is pretty nice however, you should check to see if it triggers a hard pull.
However, if you’re not interested in this offer check out our Best Bank Rates for savings accounts and more!
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