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

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Today's 12-month CD rates can be found at 4.15%, 6-month CD rates at 0.50% and 3-month CD rates at 0.25%. Current savings rates are at 0.20% and money market rates are at 0.50%. Mortgage rates today on 30-year fixed loans are around 6.63%. Credit Card rates are at 17.99%. Personal Loan rates are at 12.74%. All these rates, and more, can be found in our database of rates. Merchants Bank of Indiana's 6-Month CD rates are at 4.25%, 12-Month CD rates are at 3.75%, 24-Month CD rates are at 3.37%, 18-Month CD rates are at 3.32%. Merchants Bank of Indiana's money market rates are at 4.25%.

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 4.71%, which is considered excellent. The Texas Ratio for Merchants Bank of Indiana is lower than the national average of all banks, currently at 6.13%. 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
3.75%
18-Month CD
3.32%
24-Month CD
3.37%
36-Month CD
N/A
48-Month CD
N/A
60-Month CD
N/A
Savings
N/A
MMA
4.25%
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
6-Month CD
4.25%
$1,000
Merchants Bank of Indiana
Merchants Bank of Indiana
Money Market
4.25%
$50
Merchants Bank of Indiana
Merchants Bank of Indiana
12-Month CD
3.75%
$1,000
Merchants Bank of Indiana
Merchants Bank of Indiana
24-Month CD
3.37%
$1,000
Merchants Bank of Indiana
Merchants Bank of Indiana
18-Month CD
3.32%
$1,000

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
Regional Missouri Bank
Regional Missouri Bank
12-Month CD (Jumbo)
4.47%
$50,000
Fidelity
Fidelity
6-Month CD
4.25%
$1,000
TAB Bank
TAB Bank
12-Month CD
4.21%
$1,000
Finworth
Finworth
12-Month CD
4.20%
$50,000
Citizens Savings Bank Spillville, IA
Citizens Savings Bank Spillville, IA
6-Month CD
4.20%
$1,000
MapleMark Bank
MapleMark Bank
12-Month CD
4.15%
$25,000
Security Bank Tulsa, OK
Security Bank Tulsa, OK
36-Month CD
4.06%
$2,000
BankVista
BankVista
Kasasa Savings
4.00%
$50
Hyperion Bank
Hyperion Bank
24-Month CD
4.00%
$500
American Bank
American Bank
24-Month CD
4.00%
$500
Andrews Federal Credit Union
Andrews Federal Credit Union
24-Month CD
3.80%
$1,000
Jones Bank
Jones Bank
24-Month CD
3.75%
$500
Monroe Federal S&L
Monroe Federal S&L
18-Month CD
3.75%
$1,000
Winchester Co-operative Bank
Winchester Co-operative Bank
30-Month CD
3.75%
$500
Bank of Prairie du Sac
Bank of Prairie du Sac
36-Month CD
3.70%
$1,000
Columbus Bank and Trust Company
Columbus Bank and Trust Company
48-Month CD
3.70%
$500
First Shore Federal S&L
First Shore Federal S&L
18-Month CD
3.50%
$500
First Bank Hampton
First Bank Hampton
36-Month CD
3.35%
$1,000
Main Bank
Main Bank
12-Month CD
3.25%
$1,000
Kennett Trust Bank
Kennett Trust Bank
60-Month CD
3.04%
$500
First United Bank Dimmitt, TX
First United Bank Dimmitt, TX
60-Month CD
3.00%
$1,000
Empire State Bank
Empire State Bank
60-Month CD
3.00%
$1,000
Ambler Savings Bank
Ambler Savings Bank
40-Month CD (Bump-Up)
2.75%
$1,000
Citizens State Bank Moundridge, KS
48-Month CD
2.65%
$1,000
Longview Bank
Longview Bank
48-Month CD
2.50%
$500
Interstate Bank
Interstate Bank
36-Month CD
2.27%
$500
AbbyBank
AbbyBank
60-Month CD
2.25%
$1,500
River Falls State Bank
River Falls State Bank
24-Month CD
2.22%
$500
Bank of Hillsboro
Bank of Hillsboro
12-Month CD
2.02%
$1,000
Merrimack County SB
Merrimack County SB
18-Month CD
2.00%
$500
Silver Lake Bank
Silver Lake Bank
12-Month CD
1.90%
$500
Security FSB
Security FSB
30-Month CD
1.86%
$500
Achieva Credit Union
Achieva Credit Union
36-Month CD
1.80%
$500
Main Bank
Main Bank
60-Month CD
1.75%
$1,000
Greenstate Credit Union
Greenstate Credit Union
Rewards Checking
1.50%
$50
The Apple Creek Banking Company
The Apple Creek Banking Company
Premier Savings
0.75%
$25,000
The Huntington National Bank
The Huntington National Bank
6-Month CD
0.50%
$1,000
The Dolores State Bank
The Dolores State Bank
Money Market
0.40%
$1,000
Town & Country B&T Co.
Town & Country B&T Co.
60-Month CD
0.40%
$1,000
Triad Bank, N.A.
Triad Bank, N.A.
3-Month CD
0.40%
$1,000
Greenville National Bank
Greenville National Bank
36-Month CD
0.30%
$1,000
Hometown Bank of PA
Hometown Bank of PA
12-Month CD
0.25%
$1,000
FNB of Brownstown
Savings
0.25%
$2,500
Embassy Bank for the Lehigh Valley
Embassy Bank for the Lehigh Valley
12-Month CD
0.25%
$500
Washington State Bank Washington, IA
Washington State Bank Washington, IA
Savings
0.25%
$100
Arlington State Bank
Arlington State Bank
Money Market
0.10%
$2,500
Marblehead Bank
Marblehead Bank
Savings
0.10%
$10
Massena Savings and Loan
Massena Savings and Loan
Savings
0.10%
$1
Greeneville Federal Bank
Greeneville Federal Bank
Savings
0.07%
$100
State Bank Brownsburg, IN
Elite Money Market
0.05%
$2,500
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 March 24, 2025

Lender
Product
Rate
APR
Points
3.990%
4.357%
0.750
4.250%
4.514%
0.750
4.500%
4.685%
0.750
15-Year Fixed
5.125%
5.243%
0.625
5.560%
5.250%
0.000
15 Year Fixed
5.300%
5.390%
0.000
15-Year Fixed
5.375%
5.431%
0.000
5.125%
5.447%
1.125
5.250%
5.482%
0.500
5.250%
5.491%
0.000
5.250%
5.506%
0.000
5.375%
5.507%
0.000
5.300%
5.518%
0.000
5.375%
5.525%
0.750
15-Year Fixed Jumbo
5.500%
5.526%
0.000
5.375%
5.563%
0.000
5.500%
5.569%
0.000
5.250%
5.570%
1.250
5.375%
5.582%
1.000
5.500%
5.614%
0.000
5.250%
5.615%
1.750
5.250%
5.629%
2.000
5.500%
5.638%
0.000
5.500%
5.639%
0.250
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? 10
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:
$17,739,648,000
Total Deposits:
$14,018,401,000
Equity Capital:
$1,719,140,000
Domestic Deposits:
$14,018,401,000
Net Income:
$87,610,000
Return on Assets:
1.8261%
Quarterly Return on Assets:
2.0200%
Pretax Return on Assets:
2.6536%
Pretax Quarterly Return on Assets:
2.6500%
Return on Equity:
18.0100%
Quarterly Return on Equity:
20.5300%
Common Equity Tier 1 Capital Ratio:
10.9416%
Tier 1 Risk-Based Capital Ratio:
10.9416%
Leverage Tier 1 (Core Capital) Ratio:
10.1264%
Total Risk-Based Capital Ratio (YTD):
11.4834%
Total Interest Income (YTD):
7.1763%
 
 
Headquarters:
Carmel
FDIC Field Office:
Indianapolis
Regulator:
FDIC
County:
Hamilton
# of Offices:
10
Metropolitan Statistical Area (MSA):
Indianapolis-Carmel-Anderson, IN
Consolidated Metropolitan Statistical Area (CMSA):
OTS Region:
Central
FDIC Region:
Chicago
Source: FDIC Last Updated 03/31/2024

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new-credit-card-laws-2010A new set of credit card rules for 2010 took effect on February 22, 2010. The new credit card laws offer credit card consumers a new set of protections from what was deemed unscrupulous credit card practices.
Current mortgage rates on 15 year conforming loans are averaging 2.81 percent today. Average 15 year rates are just above record lows of 2.74 percent set back in October. In the coming year we will probably see average 15 year rates make new lows around 2.65 percent but you can already find many lenders quoting 15 year mortgage refinance rates well below these rates with and without mortgage discount points.

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Free Checking $200 Bonus Offer

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