Bank · FDIC insured
Merchants State Bank Savings Rates
Merchants State Bank’s best savings rate is 1.30% APY on $10,000, with its Money Market Gold Account. Rates checked October 22, 2026.
How Merchants State Bank’s savings rates compare
Compared with banks and credit unions near Sioux Falls, SD-MN, where Merchants State Bank has the most branches. $10,000, best rate first.
This bank’s best
Merchants State Bank
1.30%APY
- Minimum
- —
- Earns on $10,000 a year
- $130
Money Market Gold Account
Top rate
ONE AMERICAN BANK
3.00%APY
- Minimum
- $100
- Earns on $10,000 a year
- $300
2nd-highest rate
Citi
3.00%APY
- Minimum
- $0
- Earns on $10,000 a year
- $300
Merchants State Bank savings score
88
Savings score
Higher than 80% of U.S. banks and credit unions
- $1,000 balance$1,0001.10%
- $10,000 balance$10,0001.30%
- $100,000 balance$100,0001.75%
- QualifiedQualified1.30%
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 State 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 Gold Account
1.30%APY
Rate may change daily. Fees may reduce earnings. MSB pays on the full balance in the account at the stated interest rate that corresponds to the applicable deposit tier.
| Balance | APY | Earns on $10,000 a yearEarns |
|---|---|---|
| Up to $10,000 | 1.10% | — |
| $10,000 – $25,000 | 1.30% | $130 |
| $25,000 – $50,000 | 1.55% | — |
| $50,000 and up | 1.75% | — |
Sources (1)
- msb-sd.com/products/rates · captured Oct 22, 2026
Money Market Savings Account
1.10%APY
Rate may change daily. Fees may reduce earnings. MSB pays on the full balance in the account at the stated interest rate that corresponds to the applicable deposit tier.
| Balance | APY | Earns on $10,000 a yearEarns |
|---|---|---|
| Any balance | 1.10% | $110 |
Sources (1)
- msb-sd.com/products/rates · captured Oct 22, 2026
Statement Savings
0.25%APY
Also referred to as Regular Savings Account. Interest paid quarterly. ATM access available with qualifying account.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Any balanceRate may change daily. Fees may reduce earnings.Any balance | 0.25% | $25 | Rate may change daily. Fees may reduce earnings. |
Special-purpose accounts
Coverdell Education Savings Account (CESA)
3.40%APY
No-fee Coverdell Education Savings Account for qualified higher education savings. $2,000 maximum annual contribution limit.
| Balance | APY | Earns on $10,000 a yearEarns |
|---|---|---|
| Any balance | 3.40% | $340 |
Sources (3)
- msb-sd.com/products/youth-products
- msb-sd.com/products/individual-retirement-accounts-iras
- msb-sd.com/products/rates
All captured Oct 22, 2026
Roth IRA Savings
3.40%APY
No-fee Roth IRA Savings Account. Investment earnings grow tax-free.
| Balance | APY | Earns on $10,000 a yearEarns |
|---|---|---|
| Any balance | 3.40% | $340 |
Sources (2)
All captured Oct 22, 2026
Simplified Employee Pension (SEP)
3.40%APY
SEP retirement plan with no annual cost to employer or employee.
| Balance | APY | Earns on $10,000 a yearEarns |
|---|---|---|
| Any balance | 3.40% | $340 |
Sources (2)
All captured Oct 22, 2026
Traditional IRA Savings
3.40%APY
No-fee Traditional IRA Savings Account. Most contributions are tax deductible when made.
| Balance | APY | Earns on $10,000 a yearEarns |
|---|---|---|
| Any balance | 3.40% | $340 |
Sources (2)
All captured Oct 22, 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.