Available nationwide, Merchants Bank of Indiana is offering a Money Market Account with 3.82% APY for all balances.
There is no monthly service fee or minimum monthly balance requirement.
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: 3.82% 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 3.82% 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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