Personal Savings

Don’t Be Good With Money. Be Great.

Opening a personal savings account shows you’re good with money. Let us show you that you’re better than you thought. You can set up automatic savings payments to make it easy to save. Our IRAs, interest bearing accounts and CDs aren’t about putting money away, but putting your money to work. We have the right account to save for the best Christmas, a great retirement, or a rainy or even a sunny day. Being good with money takes being with the right bank.

Browse Our Personal Savings Accounts

Basic Savings A rainy day fund with potential you don’t find every day.

$25 Minimum Balance To Open
$100 Daily Balance To Avoid A $10 Quarterly Maintenance Charge
Six Withdrawals Per Quarter, $5 Fee For Each Additional Withdrawal
Interest Paid On Collected Balances Of $100 Or Above
Quarterly Statement
Interest Compounded Quarterly

Money Market A larger minimum with maximum growth potential.

$100 Minimum Balance To Open
$5,000 Minimum Daily Balance or $10,000 Average Monthly Balance to avoid a $10.00 monthly maintenance charge
Unlimited ATM and in-person transactions
Unlimited Deposit Transactions
6 Outside Withdrawals / Transactions Per Month
Monthly Statement

First Savings (for ages 12 and under)Teach your child the power of saving.

$25 Minimum Balance To Open
No Minimum Balance Required
6 withdrawals Per Quarter, $1 Fee For Each Additional Withdrawal
Interest Paid On Collected Balances Of $100 Or Above
Quarterly Statement
Interest Compounded Quarterly

Certificates of Deposit (CD)A classic savings tool with first class reliability.

$500 Minimum Balance
Terms Available from 7 days to 5 years
Automatically Renewable
Penalty For Early Withdrawal

Individual Retirement Accounts (IRA)Your savings work smarter so you can retire earlier.

Possible Tax Deferred (see your accountant)
Traditional, Roth And Coverdell Available
Options Include 18-month Variable IRA or 1, 2, 3 or 5 Years Fixed IRA
$25 Minimum Balance to Open A Variable IRA
$500 Minimum Balance To Open A Fixed IRA
Automatically Renewable
Penalty For Early Withdrawal

Simplified Employee Pension Accounts (SEP)A pension account with growth potential that puts you in very good company.

Yearly Allowable Contribution Based On A Percentage Of Amount Earned
Automatically Renewable
Penalty For Early Withdrawal
Consult Your Accountant For More Details

Merchants Bank

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