First Merchants Money Market Savings

$0 a year on $10,000. $10 a month. $1,000 to open.

Checked Nov 1, 2026Updated Oct 22, 2026

A year on $10,000

Monthly fee

To open

In dollars

What it earns in a year

Interest at the APY for each balance, minus any monthly fee you’d pay. Pick your balance; the rail’s figure follows it.

Features

Branch access
Check writing
Debit card
Interest bearing
Online opening

From the bank’s own pages. A feature not listed may still be offered: we list only what the bank states.

In the bank’s words

Terms

Rate conditions

Interest compounds: Interest will accrue daily and credit monthly.firstmerchants.com, checked Nov 1, 2026

Fees

Monthly fee: $10 a monthfirstmerchants.com, checked Nov 1, 2026
Ways to avoid the monthly fee: $10,000 minimum balancefirstmerchants.com, checked Nov 1, 2026
Minimum to open: $1,000firstmerchants.com, checked Nov 1, 2026
ATM network: MoneyPass Surcharge Free ATM Networkfirstmerchants.com, checked Nov 1, 2026
International ATM fee: $3firstmerchants.com, checked Nov 1, 2026
Incoming domestic wire: $17firstmerchants.com, checked Nov 1, 2026
Outgoing domestic wire: $30firstmerchants.com, checked Nov 1, 2026
Incoming international wire: $20firstmerchants.com, checked Nov 1, 2026
Outgoing international wire: $50firstmerchants.com, checked Nov 1, 2026
Inactivity fee: $5firstmerchants.com, checked Nov 1, 2026
Early closure fee: $50firstmerchants.com, checked Nov 1, 2026
Cashier’s check: $8firstmerchants.com, checked Nov 1, 2026
Stop payment: $37firstmerchants.com, checked Nov 1, 2026
Card replacement: $10firstmerchants.com, checked Nov 1, 2026

FDIC-insured, up to $250,000 per depositor, per ownership category: FDIC BankFind.

Rates and fees change; the bank’s own page is the final word. Not all of this account’s figures are on record yet (rate missing). Report a mistake · How we make money

See it on firstmerchants.com

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