Merchants Bank of Indiana CD Rates, Savings & MMA, Mortgage & Loan Rates, Reviews

  1. Home
  2. Banks
  3. Merchants Bank of Indiana Deposit Rates
Today's 12-month CD rates can be found at 0.85%, 6-month CD rates at 0.10% and 3-month CD rates at 4.05%. Current savings rates are at 0.50% and money market rates are at 0.05%. Mortgage rates today on 30-year fixed loans are around 6.68%. Credit Card rates are at 14.90%. Personal Loan rates are at 10.99%. All these rates, and more, can be found in our database of rates. Merchants Bank of Indiana's 36-Month CD rates are at 3.98%, 30-Month CD rates are at 3.92%, 24-Month CD rates are at 3.87%, 18-Month CD rates are at 3.82%, 12-Month CD rates are at 3.72%. Merchants Bank of Indiana's savings rates are at 5.00%. Merchants Bank of Indiana's money market rates are at 5.00%.

Merchants Bank of Indiana

To see how these rates compare to Merchants Bank of Indiana CD rates, feel free to use our comprehensive rate tables for side-by-side comparisons of CD rates from Merchants Bank of Indiana, savings rates and money market rates, with rates from other banks and credit unions below. You can use our bank rate lists to compare CD rates for all CD terms, with Merchants Bank of Indiana CD rates. You can also compare Merchants Bank of Indiana savings rates, MMA rates and mortgage rates using our other rate lists.

Merchants Bank of Indiana money market rates, and other rates, are continually updated to reflect market conditions, we recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at Merchants Bank of Indiana? Share your experience about Merchants Bank of Indiana by leaving a review below, or read customer reviews before you decide to use Merchants Bank of Indiana.

Merchants Bank of Indiana Texas Ratio

Merchants Bank of Indiana's Texas Ratio is at 2.23%, which is considered excellent. The Texas Ratio for Merchants Bank of Indiana is lower than the national average of all banks, currently at 6.24%. The Texas Ratio was developed in the early 1980s, and it is used to identify potential problem banks. Banks that have a Texas Ratio of 100% or more have a high chance of failing.

Overall, Merchants Bank of Indiana is an excellent bank worth considering, with an overall rating of 5 stars out of 5 stars.

Rate
APY/APR
vs Avg
12-Month CD
3.72%
18-Month CD
3.82%
24-Month CD
3.87%
36-Month CD
3.98%
48-Month CD
N/A
60-Month CD
N/A
Savings
5.00%
MMA
5.00%
30-Year Fixed
N/A
Credit Card
N/A
Personal Loan
N/A
Merchants Bank of Indiana
410 Monon Blvd
Carmel, IN 46032
Member FDIC
MonitorBankRates' Rating
5/5
★★★★★

Merchants Bank of Indiana CD Rates and Interest Rates

Bank
Product
APY
Min Dep
Merchants Bank of Indiana
Merchants Bank of Indiana
12-Month Flex Index CD
5.92%
$1,000
Merchants Bank of Indiana
Merchants Bank of Indiana
24-Month Flex Index CD
5.92%
$1,000
Merchants Bank of Indiana
Merchants Bank of Indiana
36-Month Flex Index CD
5.92%
$1,000
Merchants Bank of Indiana
Merchants Bank of Indiana
Money Market Savings
5.00%
$50
Merchants Bank of Indiana
Merchants Bank of Indiana
36-Month CD
3.98%
$1,000
Merchants Bank of Indiana
Merchants Bank of Indiana
30-Month CD
3.92%
$1,000
Merchants Bank of Indiana
Merchants Bank of Indiana
24-Month CD
3.87%
$1,000
Merchants Bank of Indiana
Merchants Bank of Indiana
18-Month CD
3.82%
$1,000
Merchants Bank of Indiana
Merchants Bank of Indiana
12-Month CD
3.72%
$1,000
Merchants Bank of Indiana
Merchants Bank of Indiana
1-Month CD
3.67%
$1,000
Merchants Bank of Indiana
Merchants Bank of Indiana
3-Month CD
3.67%
$1,000
Merchants Bank of Indiana
Merchants Bank of Indiana
6-Month CD
3.67%
$1,000
Show More

The Annual Percentage Yields (APYs) displayed are based on the highest APY offered for the specified deposit amount or less. Rates may change without prior notice. The "Min. Balance" indicates the minimum amount required to earn the stated APY. Please note that some of the offers presented on this site are from advertisers, who provide compensation for their inclusion. However, these advertised offers do not encompass all available deposit accounts.

Compare Merchants Bank of Indiana Rates with Other Competitive Bank and Credit Union Rates

Bank
Product
APY
Min Dep
Old Dominion National Bank
Old Dominion National Bank
9-Month
5.00%
$500
Raymond James Bank
Raymond James Bank
24-Month CD
4.85%
$1,000
All America Bank
All America Bank
12-Month CD
4.75%
$500
Trinity Bank, N.A.
Trinity Bank, N.A.
6-Month CD
4.70%
$1,000
Cape Ann Savings Bank
Cape Ann Savings Bank
12-Month CD
4.33%
$500
Security Bank Tulsa, OK
Security Bank Tulsa, OK
48-Month CD
4.04%
$2,000
Second Federal S&L
Second Federal S&L
60-Month CD
4.00%
$500
Spring Bank Bronx, NY
Spring Bank Bronx, NY
24-Month CD
4.00%
$250
State Bank of Southern Utah
State Bank of Southern Utah
60-Month CD
4.00%
$500
Access Community Credit Union
Access Community Credit Union
18-Month CD certificate
4.00%
$1,000
University First Federal Credit Union
University First Federal Credit Union
60-Month CD
4.00%
$500
Queenstown Bank
Queenstown Bank
6-Month CD
3.75%
$500
Access Credit Union Bristol Pa Credit Union
Access Credit Union Bristol Pa Credit Union
6-Month CD share certificate
3.55%
$500
State Bank of Scotia
State Bank of Scotia
12-Month CD
3.29%
$1,000
1st Street Credit Union
1st Street Credit Union
60-Month CD share certificate
3.29%
$1,000
Sandy Spring Bank
Sandy Spring Bank
Virginia IOLTA Checking
3.03%
$50
FSB of Randolph County
FSB of Randolph County
12-Month CD
3.00%
$500
Kaw Valley Bank
Kaw Valley Bank
69-Month CD
2.53%
$500
The Bank of the West
The Bank of the West
24-Month CD
2.53%
$1,000
Petefish, Skiles & Co.
48-Month CD
2.27%
$1,000
Bank of Hillsboro
Bank of Hillsboro
36-Month CD
2.17%
$1,000
Ascendia Bank
Ascendia Bank
18-Month CD
2.00%
$500
Walden Savings Bank
Walden Savings Bank
24-Month CD
2.00%
$1,000
Webster Five Cents Savings Bank
Webster Five Cents Savings Bank
48-Month CD
1.53%
$1,000
Twin River Bank
Twin River Bank
Money Market Savings
1.51%
$25,000
Geddes Federal S&L
Geddes Federal S&L
6-Month CD
1.30%
$500
Fidelity State Bank and Trust Company
Fidelity State Bank and Trust Company
60-Month CD
1.26%
$1,000
South Georgia Banking Company
South Georgia Banking Company
12-Month CD
1.26%
$1,000
Nashville Savings Bank
Nashville Savings Bank
12-Month CD
0.85%
$1,000
Bangor Savings Bank
Bangor Savings Bank
48-Month CD
0.75%
$500
Fulton Bank
Fulton Bank
12-Month CD
0.70%
$1,000
Union Bank Morrisville, VT
Union Bank Morrisville, VT
24-Month CD
0.60%
$500
Community Bank of Pleasant Hill
Community Bank of Pleasant Hill
Kasasa Cash Checking
0.51%
$25
American National Bank - Fox Cities
American National Bank - Fox Cities
Savings Account Kasasa Saver
0.50%
$0
First FSB of Angola
First FSB of Angola
18-Month CD
0.45%
$500
Kirkwood Bank & Trust Co.
Kirkwood Bank & Trust Co.
Now Checking
0.45%
$100
First State Bank of Campbell Hill
First State Bank of Campbell Hill
Premium Money Market
0.30%
$35,000
Bank of Greene County
Bank of Greene County
36-Month CD
0.25%
$1,000
Axos Bank
Axos Bank
48-Month CD
0.20%
$1,000
Artisans Bank
Artisans Bank
30-Month CD
0.20%
$1,500
Lake Elmo Bank
Lake Elmo Bank
Savings Account
0.17%
$200
Comerica Bank & Trust, N.A.
Comerica Bank & Trust, N.A.
48-Month CD
0.15%
$1
Fayetteville Bank
Fayetteville Bank
Gold Star Money Market
0.15%
$100
1st Gateway Credit Union
1st Gateway Credit Union
Regular Share Savings
0.15%
$5
First Security State Bank Evansdale, IA
First Security State Bank Evansdale, IA
Savings Account
0.10%
$0
First National Bank Alamogordo, NM
First National Bank Alamogordo, NM
Now Checking Account
0.05%
$2,500
Washington Financial Bank
Washington Financial Bank
Money Market
0.05%
$2,500
Dime Bank
Dime Bank
12-Month CD
0.05%
$500
First FSB Rochester, IN
First FSB Rochester, IN
Simply Savings
0.03%
$50
Bank of America
Bank of America
60-Month CD
0.03%
$1,000
Show More

The Annual Percentage Yields (APYs) displayed are based on the highest APY offered for the specified deposit amount or less. Rates may change without prior notice. The "Min. Balance" indicates the minimum amount required to earn the stated APY. Please note that some of the offers presented on this site are from advertisers, who provide compensation for their inclusion. However, these advertised offers do not encompass all available deposit accounts.

Mortgage Rates April 14, 2024

Lender
Product
Rate
APR
Points
4.500%
4.666%
0.000
4.650%
4.766%
0.000
4.990%
5.287%
0.500
5.000%
5.363%
2.000
5.500%
5.570%
0.000
5.500%
5.614%
0.000
10-Year Power Rate Fixed
5.954%
5.625%
0.000
15-Year Fixed
5.625%
5.681%
0.000
5.500%
5.716%
0.500
15-Year Power Rate Fixed
5.974%
5.750%
0.000
5.625%
5.777%
0.500
5.750%
5.834%
0.000
People\'s Alliance Federal Credit Union
People\'s Alliance Federal Credit Union
10 Year Fixed
0.000%
5.875%
1.000
15-Year Fixed
5.625%
5.877%
0.975
5.750%
5.883%
0.500
6.000%
5.892%
0.000
10-Year Fixed (LTV 90% or less)
5.675%
5.894%
0.000
5.625%
5.909%
1.000
5.875%
5.913%
0.000
15 Year Fixed
5.625%
5.923%
1.000
15-Year Fixed
5.875%
5.925%
0.000
5.750%
5.946%
0.250
5.875%
5.958%
0.000
Show More

The mortgage rates presented are solely intended for informational use. Please consult the mentioned lenders for up-to-date mortgage rates. The actual mortgage rates and other loan conditions depend on the lender's approval and are not guaranteed.

Merchants Bank of Indiana Information

Merchants Bank of Indiana
410 Monon Blvd
Carmel, IN 46032
Hamilton
Established Date: 06/23/1923
FDIC Certificate #: 8056
Date of FDIC Deposit Insurance: 01/01/1934
Bank Holding Company: MERCHANTS BCORP
How Many Domestic U.S. Offices? 6
How Many Branches are There? 6
Is Merchants Bank of Indiana FDIC Insured? Yes
What is Merchants Bank of Indiana's Cert number? 8056
What is the maximum amount for insured deposits? $250,000 per holder, per account

Merchants Bank of Indiana Financials

Total Assets:
$13,954,950,000
Total Deposits:
$11,163,618,000
Equity Capital:
$1,428,459,000
Domestic Deposits:
$11,163,618,000
Net Income:
$53,728,000
Return on Assets:
2.0032%
Quarterly Return on Assets:
1.6300%
Pretax Return on Assets:
2.1797%
Pretax Quarterly Return on Assets:
2.1800%
Return on Equity:
18.1800%
Quarterly Return on Equity:
15.3500%
Common Equity Tier 1 Capital Ratio:
11.6047%
Tier 1 Risk-Based Capital Ratio:
11.6047%
Leverage Tier 1 (Core Capital) Ratio:
11.8915%
Total Risk-Based Capital Ratio (YTD):
12.0270%
Total Interest Income (YTD):
3.7425%
 
 
Headquarters:
Carmel
FDIC Field Office:
Indianapolis
Regulator:
FDIC
County:
Hamilton
# of Offices:
6
Metropolitan Statistical Area (MSA):
Indianapolis-Carmel-Anderson, IN
Consolidated Metropolitan Statistical Area (CMSA):
OTS Region:
Central
FDIC Region:
Chicago
Source: FDIC

Explore Other Rate Deals

Mortgage rates have been going up all week long thanks to higher Treasury yields but that is about to change. A weak employment report released this morning has sent 10 year Treasury yields back down to the 3.00% level at 3.02%. Lower yields on 10 year Treasuries will send mortgage rates lower this coming week. 
For several years now, we have all been waiting for higher deposit rates on savings accounts, money market accounts, and certificates of deposit. Two stronger-than-expected economic reports released this morning point to the possibility of higher interest rates sooner than later.
life-insurance-whole-life-insuranceWhole Life Insurance is a type of life insurance designed to provide coverage for your entire lifetime. Premiums will be higher for a whole life insurance policy over term life insurance because you also build up a cash value in the insurance policy.

Bank or Credit Union Offers and Deals

Home Mortgage Rates: 30 Year Mortgage Rates at 4.36%, 15 Year Mortgage Rates at 3.83%
Expect Lower Mortgage Rates in Coming Weeks
Annuities 101: Some Basics about a Misunderstood Product
eBank CD Rates
Average Auto Loan Rates January 21, 2011
Auto Loan Rates in Phoenix
Mortgage Rates Hit A New Weekly Low: 30 Year Mortgage Rates at 4.52%, 15 Year Mortgage Rates at 3.95%
Mortgage Rates Decrease Again: 30 Year Mortgage Rates at 4.46%, 15 Year Rates at 3.64%
Pending Home Sales Strong on Low Mortgage Rates Today
Mortgage Rates: 30 Year Mortgage Rates Decrease, 15 Year Mortgage Rates Unchanged as we Wait for Ben Bernanke’s comments

Alternative Bank and Credit Union Offers to Explore

Mortgage Rates Heading Lower Next Week: Today's 30 Year Mortgage Rates at 4.38%, 30 Year Jumbo Rates at 4.93%
Certificate of Deposit Rates Down Again
Retirement Accounts: Required Minimum Distributions for First (RMDs) by April 1, 2014
Long Term Mortgage Rates at 4.87% Says Freddie
Best CD Rates in New Jersey
Manville Area FCU Short Term CD Rates
Weekly CD Rates: Updated May 25, 2009
Balance Transfer Credit Cards
PNC Bank Promotional Certificates of Deposit
Ally Bank CD Rates - 1 Year Bank CD Rates at 1.19%

Merchants Bank of Indiana Reviews

There are no reviews for Merchants Bank of Indiana yet. Feel free to create one below.
Average Rating
☆☆☆☆☆
Total Reviews
0
Add Your Rating and Review for Merchants Bank of Indiana
Your Name:
Your Rating:

See how Merchants Bank of Indiana Compares to other banks