Available nationwide, Merchants Bank of Indiana is offering a Money Market Account with 3.05% APY for all balances.
There is no monthly service fee or minimum monthly balance requirement.
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About Merchants Bank of Indiana Money Market
Established in 1923, Merchants Bank of Indiana is headquartered in Carmel, Indiana with 6 locations. Currently the third largest bank in Indiana, Merchants Bank of Indiana has assets in excess of $9.3 billion and nearly 19,000 customer accounts.
Availability: Merchants Bank of Indiana offers its Money Market Account to all U.S. citizens and resident aliens (18-years or older with a valid Social Security number). Opening the Money Market Account can be done online, or at any of six full-service Indiana branches located in Carmel, Indianapolis, Lynn, and Richmond.
|Balance Requirement||APY Rate|
Merchants Bank of Indiana Money Market Rate
To earn Merchants Bank of Indiana competitive rate, simply open the account with a $50 minimum deposit. Interest compounds daily and credited monthly on the last day of the monthly statement cycle.
- Account Type: Money Market Account
- Interest Rate: 3.05% APY
- Minimum Balance: None
- Maximum Balance: None
- Availability: Nationwide
- Credit Inquiry: Unknown
- Opening Deposit: $50
- Monthly Fee: None
- Early Termination Fee: Account will close 30 days after opening if not funded
Merchants Bank of Indiana ACH Capabilities & Limits
|ACH Type||Speed||Daily $ Limit||Monthly $ Limit||Notes|
|Push||N/A||None||None||NO external ACH transfers|
Checking writing is available, subject to the six per month withdrawal limit.
Initial funding can only be done by wire transfer. The $15 wire fee will be reimbursed.
There is no limit for incoming/outgoing ACHs initiated by an external financial institution.
How to Earn Merchants Bank of Indiana Rates
- Open a Money Market Savings account from Merchants Bank of Indiana.
- Minimum balance to open account is $50
- Earn the 3.05% APY rate.
Why You Should Sign Up For This Account
- Dividends are compounded daily and paid monthly
- Online banking services
- FDIC Insured
Check out this offer from Merchants Bank of Indiana and open an Money Market Account to earn a competitive rate today! It’s easy to sign up so hurry before this offer expires!
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