Whether you are looking to save money for that new car you’ve been wanting, that vacation getaway you’ve dreamed of, or you want to set aside some money for a “rainy day” or emergency fund, Merchants National Bank has a savings account option just for you!
Compare the features of our accounts below and stop by one of our branch locations to meet with an expert to customize a savings plan especially designed to meet your needs.
Personal Savings Comparison
| Feature | MNB Savings | MNB Plus Savings | Youth Savings | Insured Money Market |
|---|---|---|---|---|
| Eligibility | N/A | Age 60+ or on Disability Income | Under Age 18 | N/A |
| Minimum to Open | $200 | No | No | $100 |
| Interest | Yes | Yes | Yes | Yes |
| Minimum Balance Requirement | $200 | No | No | $1,000 |
| Monthly Service Fee | $41 | No | No | $101 |
| Withdrawals | 4/month free2 | 4/month free2 | 4/month free2 | 6/month free2 |
1 If balance falls below minimum balance requirement
2 $1 per withdrawal thereafter
Certificate of Deposit
Pays competitive market rate of interest.
- $1,000 minimum deposit – minimum deposit of $500 for minors
- Terms range from 30 days to 60 months
- Call for special term CDs
- Interest paid: Monthly, Quarterly, or Semi-Annually by check, transfer to checking account , transfer to savings account or add on to the existing CD
Health Savings
A Health Savings Account (HSA) is a tax-exempt trust or custodial account established exclusively for the purpose of paying or reimbursing qualified medical expenses of you, your spouse, and your dependents.
- No fees associated with an HSA
- Free Checks
- Free Visa Debit Card
- Minimum Deposit $100.00
- IRS reporting