Bank · FDIC insured
Merchants Bank Savings Rates
Top CarrotMerchants Bank’s best savings rate is 3.75% APY on $10,000, with its Money Market Account. Rates checked October 15, 2026.
How Merchants Bank’s savings rates compare
Compared with banks and credit unions near Indianapolis, IN, where Merchants Bank has the most branches. $10,000, best rate first.
This bank’s best
Merchants Bank
3.75%APY
- Minimum
- $50
- Earns on $10,000 a year
- $375
Money Market Account
Top rate
CFBank
4.25%APY
- Minimum
- —
- Earns on $10,000 a year
- $425
2nd-highest rate
Northwest Bank
4.00%APY
- Minimum
- $1
- Earns on $10,000 a year
- $400
Merchants Bank savings score
97
Savings score
Higher than 99% of U.S. banks and credit unions
- $1,000 balance$1,0003.75%
- $10,000 balance$10,0003.75%
- $100,000 balance$100,0003.75%
- QualifiedQualified3.75%
Each track runs from the lowest to the highest rate among U.S. banks and credit unions; the dot is this rate.Qualified: needs another account or monthly activity.
Where Merchants Bank ranks
By savings score, in each area where it has branches
Every rate
Current savings rates
Rates from the bank’s website. Earnings assume the rate doesn’t change.
Money Market Account
3.75%APY
No minimum balance requirements; no hidden fees; limited to 6 preauthorized transfers or withdrawals per monthly statement cycle.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Any balanceNo minimum balance to earn APY. APY may change after account opening.Any balance | 3.75% | $375 | No minimum balance to earn APY. APY may change after account opening. |
Sources (1)
- bankmerchants.com/money-market · captured Sep 26, 2026
Opening an account
Confirm the bank’s opening requirements and whether the account is available where you live. A nearby branch does not establish eligibility for every rate.