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 - November 07, 2025
| 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 |
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$0 Fees - Rate data provided by RateUpdate.com. Displayed by ICB, a division of Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes, insurance premiums or private mortgage insurance if applicable. Actual payments will be greater with taxes and insurance included. Click here for more information on rates and product details.
Overview 2025
General Bank Information
| FDIC Insured | Yes |
| FDIC Certificate | # 8866 |
| Date Established | 1875 |
| Assets | $ 2.77 billion |
| Loans | $ 2.07 billion |
| Deposits | $ 2.41 billion |
| Capital | $ 319.30 million |
Summary Balance Sheet as of June 30, 2025
| ASSETS | |
| Cash & Balances due from depository institutions | $ 133.72 million |
| Interest-bearing balances | $ 88.10 million |
| Total securities | $ 367.55 million |
| Federal funds sold and reverse repurchase | $ 0.29 million |
| Net loans and leases | $ 2.07 billion |
| Loan loss allowance | $ 27.53 million |
| Trading account assets | N.A. |
| Bank premises and fixed assets | N.A. |
| Other real estate owned | $ 4.54 million |
| Goodwill and other intangibles | $ 50.03 million |
| All other assets | $ 77.65 million |
| Total Assets | $ 2.45 billion |
| LIABILITIES | |
| Total deposits | $ 2.41 billion |
| Interest-bearing deposits | $ 1,952.48 million |
| Deposits held in domestic offices | $ 2.41 billion |
| % insured (estimated)" | 74.61% |
| Federal funds purchased and repurchase agreements | $ 15.05 million |
| Trading liabilities | N.A. |
| Other borrowed funds | $ 9.48 million |
| Subordinated debt | N.A. |
| All other liabilities | $ 8.31 millionn |
| Total Liabilities | $ 2.45 billion |
| Shareholders’ Equity | $ 319.30 million |
Summary Income Statement as of June 30, 2025
| INCOME AND EXPENSES | |
| Total Interest Income | $ 69.45 million |
| Total Interest Expense | $ 26.23 million |
| Net interest income | $ 43.21 million |
| Provision for loan and lease losses | N.A. |
| Total non interest income | $ 14.66 million |
| Total non interest expense | $ 39.35 million |
| Pre-tax Net Operating Income | $ 20.48 million |
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