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Merchants Bank, National Association
Merchants Bank, National Association is an FDIC insured institution headquartered at
100 E 3rd St, Winona, MN 55987.
It was founded in
1875 and has approximately $3 billion in assets. Customers can open an account at one of its 23 branches.
Deposit Rates - August 21, 2026
| SAVINGS RATES | APY | MIN | |
|---|---|---|---|
|
Savings
|
0.05% | $2,500 | Compare |
|
Savings
|
0.10% | $2,500 | Compare |
| CD RATES | APY | MIN | |
|---|---|---|---|
|
6 Mo CD
|
0.25% | $10,000 | Compare |
|
6 Mo CD
|
0.10% | $10,000 | Compare |
|
6 Mo CD
|
0.20% | $10,000 | Compare |
|
6 Mo CD
|
0.25% | $100,000 | Compare |
|
6 Mo CD
|
0.10% | $100,000 | Compare |
|
6 Mo CD
|
0.20% | $100,000 | Compare |
|
Special: 9 Mo CD
|
0.25% | $2,500 | Compare |
|
Special: 9 Mo CD
|
0.75% | $10,000 | Compare |
|
Special: 11 Mo CD
|
0.60% | $500 | Compare |
|
12 Mo CD
|
0.30% | $10,000 | Compare |
|
12 Mo CD
|
0.15% | $10,000 | Compare |
|
12 Mo CD
|
0.35% | $10,000 | Compare |
|
12 Mo CD
|
0.32% | $10,000 | Compare |
|
12 Mo CD
|
0.30% | $100,000 | Compare |
|
12 Mo CD
|
0.15% | $100,000 | Compare |
|
12 Mo CD
|
0.35% | $100,000 | Compare |
|
12 Mo CD
|
0.32% | $100,000 | Compare |
|
Special: 17 Mo CD
|
0.50% | $500 | Compare |
|
Special: 17 Mo CD
|
0.35% | $500 | Compare |
|
18 Mo CD
|
0.30% | $10,000 | Compare |
|
18 Mo CD
|
0.15% | $10,000 | Compare |
|
18 Mo CD
|
0.35% | $10,000 | Compare |
|
18 Mo CD
|
0.32% | $10,000 | Compare |
|
18 Mo CD
|
0.30% | $100,000 | Compare |
|
18 Mo CD
|
0.15% | $100,000 | Compare |
|
18 Mo CD
|
0.35% | $100,000 | Compare |
|
18 Mo CD
|
0.32% | $100,000 | Compare |
|
Special: 19 Mo CD
|
0.35% | $2,500 | Compare |
|
Special: 19 Mo CD
|
0.85% | $10,000 | Compare |
|
24 Mo CD
|
0.40% | $10,000 | Compare |
|
24 Mo CD
|
0.24% | $10,000 | Compare |
|
24 Mo CD
|
0.50% | $10,000 | Compare |
|
24 Mo CD
|
0.42% | $10,000 | Compare |
|
24 Mo CD
|
0.40% | $100,000 | Compare |
|
24 Mo CD
|
0.24% | $100,000 | Compare |
|
24 Mo CD
|
0.50% | $100,000 | Compare |
|
24 Mo CD
|
0.42% | $100,000 | Compare |
|
Special: 27 Mo CD
|
0.50% | $500 | Compare |
|
Special: 27 Mo CD
|
0.35% | $500 | Compare |
|
Special: 29 Mo CD
|
0.50% | $2,500 | Compare |
|
Special: 29 Mo CD
|
1.00% | $10,000 | Compare |
|
30 Mo CD
|
0.45% | $10,000 | Compare |
|
30 Mo CD
|
0.29% | $10,000 | Compare |
|
30 Mo CD
|
0.55% | $10,000 | Compare |
|
30 Mo CD
|
0.45% | $100,000 | Compare |
|
30 Mo CD
|
0.29% | $100,000 | Compare |
|
30 Mo CD
|
0.55% | $100,000 | Compare |
|
36 Mo CD
|
0.50% | $10,000 | Compare |
|
36 Mo CD
|
0.44% | $10,000 | Compare |
|
36 Mo CD
|
0.60% | $10,000 | Compare |
|
36 Mo CD
|
0.48% | $10,000 | Compare |
|
36 Mo CD
|
0.50% | $100,000 | Compare |
|
36 Mo CD
|
0.44% | $100,000 | Compare |
|
36 Mo CD
|
0.60% | $100,000 | Compare |
|
36 Mo CD
|
0.48% | $100,000 | Compare |
|
Special: 37 Mo CD
|
0.50% | $500 | Compare |
|
Special: 37 Mo CD
|
0.35% | $500 | Compare |
|
Special: 37 Mo CD
|
0.65% | $10,000 | Compare |
|
48 Mo CD
|
0.50% | $10,000 | Compare |
|
48 Mo CD
|
0.44% | $10,000 | Compare |
|
48 Mo CD
|
0.60% | $10,000 | Compare |
|
48 Mo CD
|
0.48% | $10,000 | Compare |
|
48 Mo CD
|
0.50% | $100,000 | Compare |
|
48 Mo CD
|
0.44% | $100,000 | Compare |
|
48 Mo CD
|
0.60% | $100,000 | Compare |
| MM RATES | APY | MIN | |
|---|---|---|---|
|
Money Market
|
0.05% | $2,500 | Compare |
|
Money Market
|
0.08% | $2,500 | Compare |
|
Money Market
|
0.10% | $2,500 | Compare |
|
Money Market
|
0.10% | $10,000 | Compare |
|
Money Market
|
0.12% | $10,000 | Compare |
|
Money Market
|
0.05% | $10,000 | Compare |
|
Money Market
|
0.15% | $25,000 | Compare |
|
Money Market
|
0.18% | $25,000 | Compare |
|
Money Market
|
0.10% | $25,000 | Compare |
|
Money Market
|
0.20% | $25,000 | Compare |
|
Money Market
|
0.12% | $25,000 | Compare |
| PREMM RATES | APY | MIN | |
|---|---|---|---|
|
Premium Money Market
|
0.50% | $10,000 | Compare |
|
Premium Money Market
|
0.50% | $25,000 | Compare |
| FIXED IRA RATES | APY | MIN |
|---|---|---|
|
Special: 9 Mo FIRA
|
0.25% | $2,500 |
|
Special: 9 Mo FIRA
|
0.75% | $10,000 |
|
Special: 11 Mo FIRA
|
0.60% | $500 |
|
Special: 17 Mo FIRA
|
0.35% | $500 |
|
Special: 17 Mo FIRA
|
0.50% | $500 |
|
Special: 19 Mo FIRA
|
0.35% | $2,500 |
|
Special: 19 Mo FIRA
|
0.85% | $10,000 |
|
Special: 27 Mo FIRA
|
0.50% | $500 |
|
Special: 27 Mo FIRA
|
0.35% | $500 |
|
Special: 29 Mo FIRA
|
0.50% | $2,500 |
|
Special: 29 Mo FIRA
|
1.00% | $10,000 |
|
Special: 37 Mo FIRA
|
0.50% | $500 |
|
Special: 37 Mo FIRA
|
0.35% | $500 |
| VARIABLE IRA RATES | APY | MIN |
|---|---|---|
|
Var IRA
|
0.10% | $1 |
|
Var IRA
|
0.05% | $1 |
| INT CHECKING RATES | APY | MIN |
|---|---|---|
|
Int Ckg
|
0.05% | $1 |
|
Int Ckg
|
0.08% | $1 |
|
Int Ckg
|
0.05% | $2,500 |
|
Int Ckg
|
0.10% | $2,500 |
|
Int Ckg
|
0.08% | $2,500 |
Overview 2026
General Bank Information
| FDIC Insured | Yes |
| FDIC Certificate | # 8866 |
| Date Established | 1875 |
| Assets | $ 2.90 billion |
| Loans | $ 2.03 billion |
| Deposits | $ 2.52 billion |
| Capital | $ 335.62 million |
Summary Balance Sheet as of December 31, 2025
| ASSETS | |
| Cash & Balances due from depository institutions | $ 241.88 million |
| Interest-bearing balances | $ 203.41 million |
| Total securities | $ 438.35 million |
| Federal funds sold and reverse repurchase | $ 0.30 million |
| Net loans and leases | $ 2.03 billion |
| Loan loss allowance | $ 26.00 million |
| Trading account assets | N.A. |
| Bank premises and fixed assets | N.A. |
| Other real estate owned | $ 0.97 million |
| Goodwill and other intangibles | $ 49.47 million |
| All other assets | $ 77.65 million |
| Total Assets | $ 2.56 billion |
| LIABILITIES | |
| Total deposits | $ 2.52 billion |
| Interest-bearing deposits | $ 2.04 billion |
| Deposits held in domestic offices | $ 2.52 billion |
| % insured (estimated)" | 72.42% |
| Federal funds purchased and repurchase agreements | $ 15.04 million |
| Trading liabilities | N.A. |
| Other borrowed funds | $ 9.48 million |
| Subordinated debt | N.A. |
| All other liabilities | $ 8.31 millionn |
| Total Liabilities | $ 2.56 billion |
| Shareholders’ Equity | $ 335.62 million |
Summary Income Statement as of December 31, 2025
| INCOME AND EXPENSES | |
| Total Interest Income | $ 137.46 million |
| Total Interest Expense | $ 49.73 million |
| Net interest income | $ 87.74 million |
| Provision for loan and lease losses | N.A. |
| Total non interest income | $ 33.25 million |
| Total non interest expense | $ 78.43 million |
| Pre-tax Net Operating Income | $ 20.48 million |
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