Merchants State Bank offers the following interest-bearing checking accounts.
NOW Account - A traditional checking account that pays a competitive interest rate on collected balance. This account is best for customers who want to earn competitive rates and can maintain a minimum balance in their checking account.
- Minimum deposit is $1,000 to open account
- Interest paid at applicable rate
- No service charge if $1,000 balance is maintained
- Service charge is $5.00, plus $0.10 per debit after ten debits
Super NOW Account - A flexible checking account that rewards customers who maintain a $2,500 balance by paying a competitive interest rate on their collected balance. This account is best for customers who keep higher balances, want the liquidity of a checking account, and wish to earn interest on their account balance.
- Minimum deposit is $2,500 to open account
- Interest paid at applicable rate
- If balance falls below $2,500, rate falls to NOW Account rate
- No service charge if $1,000 balance is maintained
- Service charge is $5.00, plus $0.10 per debit after ten debits
Rates