First Merchants Bank

FDIC-insured · certificate 4365

Savings, money market and checking, with every rate from First Merchants Bank’s own pages and every rank against the accounts we track.

Checked Nov 1, 2026Updated Oct 22, 2026

Every account we track

Accounts and rates

A year on $10,000, after fees

First Merchants Regular SavingsSavings accountNot stated—$5 a month

First Merchants Money Market SavingsMoney market account · $1,000 to openNot stated—$10 a month

First Merchants Relationship Money Market SavingsMoney market account · $1,000 to openNot stated—$25 a month

Against 1043 checking accounts

First Merchants Prosper CheckingChecking accountNot stated#221$10 a month

First Merchants Carefree Checking AccountChecking account · no minimum to openNot stated#310$5 a month

First Merchants Advantage CheckingChecking account · no minimum to openNot stated#369$15 a month

First Merchants Simple AccessChecking account · no minimum to openNot stated#494$4 a month

First Merchants First Direct CheckingChecking account · no minimum to openNot stated#857$10 a month

First Merchants Prosper Plus CheckingChecking accountNot stated#1004$25 a month

Against the market

Where each ranked account sits on our list for its kind. Further right is higher on the list.

Savings and money market accounts rank by a year on $10,000; checking by a year for an everyday customer; CDs by a year on $10,000 at each term.