6accounts we track

  • Money market2
  • Checking1
  • CDs3

Bank in Carmel, IN

Merchants Bank of Indiana

FDIC-insured · certificate 8056

Money market, checking and CDs, with every rate from Merchants Bank of Indiana’s own pages and every rank against the accounts we track.

Checked Nov 1, 2026Updated

Best savings rate
3.75%APY · Merchants Bank of Indiana Money Market Savings

Every account we track

Accounts and rates

Money market

A year on $10,000, after fees
Merchants Bank of Indiana Money Market SavingsMoney market account · $50 to open3.75%$255Not stated
Merchants Bank of Indiana High-Yield Money MarketMoney market accountNot stated—Not stated

Checking

Against 1043 checking accounts
Merchants Bank of Indiana Personal CheckingChecking accountNot stated#700Not stated

Fixed Rate CD, by term

$1,000 to open

A dash: a term we don’t rank. Also at Merchants Bank of Indiana: Flex Index CD, rates not stated; Flex Index CD - Adjustable Rate Certificate of Deposit, rates not stated. All Merchants Bank of Indiana CDs

Against the market

How Merchants Bank of Indiana ranks

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

  • Merchants Bank of Indiana Money Market SavingsMoney market account#13 of 174
  • Merchants Bank of Indiana Personal CheckingChecking account#700 of 1043

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.