Merchants Bank: Money Market Review

Rates, fees and account terms

Highest available APY, including promotions: 3.75% Checked

One-year gross estimate: $375.00 .

Estimate assumptions

Uses ongoing rates and assumes deposit qualifications are met. Promotional balance limits are respected. Assumes qualification, daily effective compounding and unchanged rates; before fees and taxes. Actual bank crediting can differ.

Promotions and qualifying rates

No current checked promotion or additional rate qualification appears in this account record. Confirm available offers and all requirements directly with the bank.

Key conditions and complete account terms

Rates can change. Confirm the current terms with the bank before opening an account. The rates above are available for comparison only when marked checked.

Minimum opening deposit

$50.00

Minimum balance to earn interest

$0.00

Eligibility

Undetermined

Key conditions

Variable APY. Six preauthorized transfers or withdrawals per monthly statement cycle; excess withdrawal fees can reduce earnings. Confirm current fee amounts and other transfer limits.

Standard rate tiers

Rate applies to entire balance

From $0.00: 3.75% APY

Fees and waivers

Check the bank’s complete fee schedule; an absent fee entry does not establish that every service is free.

Bank disclosures

Official account page ↗

Rates and terms checked October 26, 2026.

Our review

Our account review is coming soon.

You can explore the account’s rates and complete terms in the account reference while we prepare our editorial review.

Account behavior report

Recorded rates describe what our sources showed, rather than a prediction. Reviewed reader experiences will be added when supported public evidence is available.

Observed rates

Last 90 days · Jul 28, 2026–Oct 26, 2026 · at $10,000.00.

Checked historical snapshots

First and last observations in this sample

Oct 26, 2026 16:40 EDT–Oct 26, 2026 16:40 EDT

Observed ongoing APY range at this balance

3.75%–3.75%

Supported increases / decreases

0 / 0

Limited history: one checked observation does not establish a rate pattern.

How to read this history

Changes count only between adjacent checked observations no more than 24 hours apart with comparable terms. Gaps, corrections and changed requirements interrupt comparisons. A zero count does not mean the rate stayed unchanged. The range describes recorded snapshots, whose terms may differ.

These are historical observations. The current review status, official sources and latest terms appear in the account reference. Promotions and qualifying APYs are excluded from this ongoing-rate history.

Reader experiences

Reviewed reader experiences are not available here yet. You can share your own experience in the community; inclusion in an account report requires separate editorial review.