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

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Merchants BankToday's 12-month CD rates can be found at 0.10%, 6-month CD rates at 0.30% and 3-month CD rates at 2.27%. Current savings rates are at 0.04% and money market rates are at 4.00%. Mortgage rates today on 30-year fixed loans are around 7.21%. Credit Card rates are at 14.00%. Personal Loan rates are at 10.99%. All these rates, and more, can be found in our database of rates.

To see how these rates compare to Merchants Bank CD rates, feel free to use our comprehensive rate tables for side-by-side comparisons of CD rates from Merchants Bank, 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 CD rates. You can also compare Merchants Bank savings rates, MMA rates and mortgage rates using our other rate lists.

Merchants Bank 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? Share your experience about Merchants Bank by leaving a review below, or read customer reviews before you decide to use Merchants Bank.

Merchants Bank Texas Ratio

Merchants Bank's Texas Ratio is at 14.27%, which is considered excellent. The Texas Ratio for Merchants Bank is higher 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 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
N/A
18-Month CD
N/A
24-Month CD
N/A
36-Month CD
N/A
48-Month CD
N/A
60-Month CD
N/A
Savings
N/A
MMA
N/A
30-Year Fixed
N/A
Credit Card
N/A
Personal Loan
N/A
Merchants Bank
210 S Main Ave
Rugby, ND 58368
Member FDIC
MonitorBankRates' Rating
5/5
★★★★★

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

Bank
Product
APY
Min Dep
Evans Bank
Evans Bank
Orange Saver Savings
5.00%
$0
Northwest Bank
Northwest Bank
12-Month CD
4.09%
$100
Bank of Magnolia
Bank of Magnolia
12-Month CD
4.07%
$1,000
Dieterich Bank
Dieterich Bank
9-Month CD
4.05%
$500
Massena Savings and Loan
Massena Savings and Loan
12-Month CD
4.01%
$1,000
North Shore Bank Co-op
24-Month CD
4.00%
$1,000
Bank of Franklin County
Bank of Franklin County
18-Month CD
3.90%
$500
Community Bank of Cameron
Community Bank of Cameron
12-Month CD
3.80%
$1,000
Columbus Bank and Trust Company
Columbus Bank and Trust Company
36-Month CD
3.51%
$500
GCSB Swayzee, IN
GCSB Swayzee, IN
30-Month CD
3.34%
$1,000
First Enterprise Bank
First Enterprise Bank
24-Month CD
3.25%
$1,000
Adrian Bank
Adrian Bank
36-Month CD
3.03%
$1,000
Denison State Bank
Denison State Bank
48-Month CD
3.00%
$500
Community Bank of Trenton
Community Bank of Trenton
36-Month CD
3.00%
$5,000
KodaBank
KodaBank
36-Month CD
3.00%
$1,000
Conway National Bank (CNB)
Conway National Bank (CNB)
18-Month CD
3.00%
$500
Agility Bank
Agility Bank
36-Month CD
2.98%
$1,000
First Nebraska Bank
First Nebraska Bank
Money Market Investment
2.78%
$250,000
Homewood Federal SB
Homewood Federal SB
48-Month CD
2.75%
$500
FNB of Dennison
24-Month CD
2.43%
$1,000
Benton State Bank
Benton State Bank
12-Month CD
2.01%
$500
Regional Missouri Bank
Regional Missouri Bank
Kasasa Savings
2.00%
$0
Madison Valley Bank
Madison Valley Bank
36-Month CD
1.81%
$500
South Central State Bank
South Central State Bank
24-Month CD
1.66%
$1,000
FNB of Hope
48-Month CD
1.51%
$500
Monroe Savings Bank
Monroe Savings Bank
18-Month CD
1.50%
$500
WebBank
WebBank
24-Month CD
1.50%
$2,500
Consumers Credit Union
Consumers Credit Union
48-Month CD
1.35%
$250
PeopleFirst Bank
PeopleFirst Bank
12-Month CD
1.00%
$2,500
Hamler State Bank
Hamler State Bank
48-Month CD
0.90%
$500
Charter Bank IA
Charter Bank IA
Charter Money Market
0.75%
$25,000
Middlesex Federal Savings
Middlesex Federal Savings
48-Month CD
0.70%
$500
Mutual Federal Bank
Mutual Federal Bank
60-Month CD
0.65%
$500
National Bank of Coxsackie
National Bank of Coxsackie
48-Month CD
0.55%
$500
Commonwealth Co-operative Bank
Commonwealth Co-operative Bank
24-Month CD
0.50%
$1,000
Investment Savings Bank
Investment Savings Bank
36-Month CD
0.50%
$500
FNB of Nevada, Missouri
FNB of Nevada, Missouri
24-Month CD
0.50%
$1,000
Century Bank and Trust GA
Century Bank and Trust GA
24-Month CD
0.50%
$500
Tipton Latham Bank
Tipton Latham Bank
Savings
0.40%
$0
Fidelity Federal S&L of Delaware
Fidelity Federal S&L of Delaware
18-Month CD
0.35%
$500
Embassy Bank for the Lehigh Valley
Embassy Bank for the Lehigh Valley
Ingot Gold Savings
0.30%
$0
Century Bank and Trust GA
Century Bank and Trust GA
3-Month CD
0.30%
$500
Fulton Savings Bank
Fulton Savings Bank
12-Month CD
0.25%
$500
Queenstown Bank
Queenstown Bank
12-Month CD
0.25%
$500
Benchmark Community Bank
Benchmark Community Bank
Personal Money Market
0.25%
$100
Crest Savings Bank
Crest Savings Bank
9-Month CD
0.25%
$500
United Southern Bank
United Southern Bank
18-Month CD
0.15%
$1,000
Franklin Bank
Franklin Bank
Money Market Plus
0.10%
$5,000
Collinsville Bank
Collinsville Bank
Savings
0.05%
$5
Savings Bank of Danbury
Savings Bank of Danbury
Passbook Savings
0.03%
$10
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 February 19, 2025

Lender
Product
Rate
APR
Points
3.990%
4.357%
0.750
4.250%
4.514%
0.750
4.500%
4.685%
0.750
5.125%
5.230%
0.000
5.560%
5.250%
0.000
15 Year Fixed
5.300%
5.390%
0.000
5.250%
5.491%
0.000
5.300%
5.518%
0.000
5.375%
5.525%
0.750
5.500%
5.614%
0.000
5.500%
5.654%
0.000
30-Year Fixed
5.560%
5.730%
0.000
5.750%
5.756%
0.000
15-Year Fixed
5.500%
5.785%
0.000
5.750%
5.793%
0.000
5.625%
5.797%
0.000
5.750%
5.801%
0.000
5.750%
5.801%
0.000
15-Year Fixed
5.750%
5.806%
0.000
10-Year Fixed (Power Rate)
5.500%
5.814%
0.000
5.500%
5.820%
0.000
5.750%
5.832%
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.

Our apologies, we do not have Merchants Bank rate data right now, check back for updates, we are adding rates all the time.

Merchants Bank Information

Merchants Bank
210 S Main Ave
Rugby, ND 58368
Pierce
Established Date: 08/04/1897
FDIC Certificate #: 8943
Date of FDIC Deposit Insurance: 01/01/1934
Bank Holding Company: MERCHANTS HOLDING CO
How Many Domestic U.S. Offices? 6
How Many Branches are There? 6
Is Merchants Bank FDIC Insured? Yes
What is Merchants Bank's Cert number? 8943
What is the maximum amount for insured deposits? $250,000 per holder, per account

Merchants Bank Financials

Total Assets:
$239,015,000
Total Deposits:
$216,098,000
Equity Capital:
$19,819,000
Domestic Deposits:
$216,098,000
Net Income:
$660,000
Return on Assets:
1.2469%
Quarterly Return on Assets:
1.1200%
Pretax Return on Assets:
1.4596%
Pretax Quarterly Return on Assets:
1.4600%
Return on Equity:
16.8500%
Quarterly Return on Equity:
13.5000%
Common Equity Tier 1 Capital Ratio:
10.3378%
Tier 1 Risk-Based Capital Ratio:
10.3378%
Leverage Tier 1 (Core Capital) Ratio:
9.3826%
Total Risk-Based Capital Ratio (YTD):
11.2101%
Total Interest Income (YTD):
5.0682%
 
 
Headquarters:
Rugby
FDIC Field Office:
Fargo
Regulator:
FDIC
County:
Pierce
# of Offices:
6
Metropolitan Statistical Area (MSA):
Consolidated Metropolitan Statistical Area (CMSA):
OTS Region:
West
FDIC Region:
Kansas City
Source: FDIC Last Updated 03/31/2024

FDIC List of Troubled Banks and the Texas Ratio

The Federal Deposit Insurance Corporation (FDIC) maintains a list of problem banks that isn't published or shared with anyone else. So how can the average depositor or lender know if their bank is a problem bank about to fail?

The Texas Ratio is one measure that might offer a clue. The ratio was developed by RBC Capital Markets analyst Gerard Cassidy in the 1980's to forecast which banks could fail during the 1980's real estate bubble...Deja vu, anyone?

The ratio is devised by comparing a bank's troubled loans to its capital. If the amount of bad loans equals or exceeds its capital, a ratio of 100% or higher, the bank might not have enough capital to cover its losses related to the bad loans on its books. Updated Failed Bank List Below:

    Read more...

Explore Other Rate Deals

Mortgage Rates Higher as Treasury Yields Move Higher: 30 Year Mortgage Rates at 4.96%Mortgage rates are higher this week over last, following U.S.  Treasury yields higher. Current 30 year mortgage rates are averaging 4.96 percent, an increase from the prior week's average mortgage rate of 4.81 percent. Mortgage rates will probably go down this week since the markets are still worried about the financial problems in Europe and the euro continues to slide in value against the dollar. As a result, Treasury yields should head back down as investors flee to the safety of Treasuries.
todays-mortgage-interest-rates-30-year-mortgage-rates-at-498-and-15-year-mortgage-rates-at-439Home loan rates were down in the latest mortgage survey released this morning. Conforming fixed home loan rates and conforming adjustable home loan rates were down.
Mortgage rates are stable this week after hitting fresh lows last week.  30 year mortgage rates are unchanged at 4.57 percent for the week ending July 15, 2010 in the most recent Primary Mortgage Market Survey released yesterday by Freddie Mac. 30 year mortgage rates are still at the lowest point in the 39 year history of Freddie Mac's survey.

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