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Merchants Bank, National Association

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Merchants Bank, National Association Locations

Deposit Rates - July 6, 2022

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 2022

General Bank Information

FDIC Insured Yes
FDIC Certificate # 8866
Date Established 1875
Assets $ 2.82 billion
Loans $ 1,603.19 million
Deposits $ 2.52 billion
Capital $ 273.26 million

Summary Balance Sheet

ASSETS
Cash & Balances due from depository institutions $ 849.41 million
Interest-bearing balances $ 823.86 million
Total securities $ 204.08 million
Federal funds sold and reverse repurchase $ 0.41 million
Net loans and leases $ 1,603.19 million
Loan loss allowance $ 28.65 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.96 million
Goodwill and other intangibles $ 53.43 million
All other assets $ 68.49 million
     Total Assets $ 2.55 billion

LIABILITIES
Total deposits $ 2.52 billion
      Interest-bearing deposits $ 1,897.58 million
      Deposits held in domestic offices $ 2.52 billion
      % insured (estimated) 71.97%
Federal funds purchased and repurchase agreements $ 1.70 million
Trading liabilities N.A.
Other borrowed funds $ 12.19 million
Subordinated debt N.A.
All other liabilities $ 12.94 millionn
      Total Liabilities $ 2.55 billion
      Shareholders’ Equity $ 273.26 million

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $ 90.16 million
Total Interest Expense $ 6.98 million
Net interest income $ 83.17 million
Provision for loan and lease losses N.A.
Total non interest income $ 29.55 million
Total non interest expense $ 71.10 million
Pre-tax Net Operating Income $ 43.84 million

Merchants Bank, National Association is an FDIC insured institution headquartered at 100-106 East Third Street, 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.

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Savings Comparison

This analysis is for demonstrative purposes only. Savings rates may go up or down, and CD rates may not be renewable for the length of the term of the analysis.

PRODUCT
BANK
BANK TYPE
STATE
AMOUNT
TERM
APY
VS.NATL'L AV.
MIN
MILES

Tax Rate: 30%

All calculations are for demonstration purposes only.

  • 1
    LOCAL CD
    Merchants Bank, National Association
    Bank
    MINNESOTA
    $50,000
    6 Month
    0.25%
    0.93x (National Avg. - 0.27%)
    $10,000
    -
    SCENARIO
    Year Rate
    0.25%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 125 88
    2 50,125 125 88
    3 50,250 126 88
    4 50,376 126 88
    5 50,502 126 88
    6 50,628 127 89
    7 50,755 127 89
    8 50,882 127 89
    9 51,009 128 89
    10 51,136 128 89
    11 51,264 128 90
    12 51,392 128 90
    13 51,521 129 90
    14 51,650 129 90
    15 51,779 129 91
    16 51,908 130 91
    17 52,038 130 91
    18 52,168 130 91
    19 52,298 131 92
    20 52,429 131 92
    TOTAL $2,560 $1,792
  • 2
    ONLINE CD
    Hingham Savings , ★ TOP PICK ★
    Online Bank
    -
    $50,000
    12 Month
    1.60%
    3.93x (National Avg. - 0.41%)
    $1,000
    -
    SCENARIO
    Year Rate
    1.60%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 800 560
    2 50,800 813 569
    3 51,613 826 578
    4 52,439 839 587
    5 53,278 852 597
    6 54,130 866 606
    7 54,996 880 616
    8 55,876 894 626
    9 56,770 908 636
    10 57,678 923 646
    11 58,601 938 656
    12 59,539 953 667
    13 60,492 968 678
    14 61,459 983 688
    15 62,443 999 699
    16 63,442 1,015 711
    17 64,457 1,031 722
    18 65,488 1,048 733
    19 66,536 1,065 745
    20 67,601 1,082 757
    TOTAL $18,682 $13,078
  • 3
    ONLINE CD
    Citizens , ★ TOP PICK ★
    Online Bank
    -
    $50,000
    12 Month
    1.90%
    4.67x (National Avg. - 0.41%)
    $5,000
    -
    SCENARIO
    Year Rate
    1.90%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 950 665
    2 50,950 968 678
    3 51,918 986 691
    4 52,904 1,005 704
    5 53,910 1,024 717
    6 54,934 1,044 731
    7 55,978 1,064 745
    8 57,041 1,084 759
    9 58,125 1,104 773
    10 59,229 1,125 788
    11 60,355 1,147 803
    12 61,502 1,169 818
    13 62,670 1,191 834
    14 63,861 1,213 849
    15 65,074 1,236 865
    16 66,311 1,260 882
    17 67,570 1,284 899
    18 68,854 1,308 916
    19 70,163 1,333 933
    20 71,496 1,358 951
    TOTAL $22,854 $15,998
  • 4
    LOCAL CD
    M.Y. Safra Bank , ★ TOP PICK ★
    Bank
    -
    $50,000
    24 Month
    2.76%
    5.18x (National Avg. - 0.53%)
    $500
    -
    SCENARIO
    Year Rate
    2.76%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,380 966
    2 51,380 1,418 993
    3 52,798 1,457 1,020
    4 54,255 1,497 1,048
    5 55,753 1,539 1,077
    6 57,292 1,581 1,107
    7 58,873 1,625 1,137
    8 60,498 1,670 1,169
    9 62,167 1,716 1,201
    10 63,883 1,763 1,234
    11 65,646 1,812 1,268
    12 67,458 1,862 1,303
    13 69,320 1,913 1,339
    14 71,233 1,966 1,376
    15 73,199 2,020 1,414
    16 75,220 2,076 1,453
    17 77,296 2,133 1,493
    18 79,429 2,192 1,535
    19 81,621 2,253 1,577
    20 83,874 2,315 1,620
    TOTAL $36,189 $25,332
  • 5
    LOCAL CD
    M.Y. Safra Bank , ★ TOP PICK ★
    Bank
    -
    $50,000
    36 Month
    3.06%
    4.86x (National Avg. - 0.63%)
    $500
    -
    SCENARIO
    Year Rate
    3.06%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,530 1,071
    2 51,530 1,577 1,104
    3 53,107 1,625 1,138
    4 54,732 1,675 1,172
    5 56,407 1,726 1,208
    6 58,133 1,779 1,245
    7 59,912 1,833 1,283
    8 61,745 1,889 1,323
    9 63,634 1,947 1,363
    10 65,581 2,007 1,405
    11 67,588 2,068 1,448
    12 69,656 2,131 1,492
    13 71,788 2,197 1,538
    14 73,985 2,264 1,585
    15 76,249 2,333 1,633
    16 78,582 2,405 1,683
    17 80,986 2,478 1,735
    18 83,465 2,554 1,788
    19 86,019 2,632 1,843
    20 88,651 2,713 1,899
    TOTAL $41,364 $28,954


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