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Personal Savings Accounts

Interest bearing accounts designed to help you build a secure financial future while maintaining easy, convenient access to your money.  Mercantile offers a variety of accounts - savings, CDs and IRAs.

Mercantile Savings Account Options

Our savings accounts include:

  • Minimum Opening Deposit of $25
  • You may make six (6) transfers from your account per monthly statement cycle, if by preauthorized or automatic transfer, or telephone (including data transmission) agreement, order or instruction. Transfers and withdrawals made in person, by messenger, by mail or at an ATM are unlimited. (does not apply for IRA Choice Plus Savings Account)
  • FREE MercMobile® and MercMobile® Personal Payments powered by PayPal™ - access account information, deposit checks, transfer money and pay bills, all from your mobile phone
Account Type Description Minimum Balance Fees Interest Apply

Community Savings

Account Disclosures

A basic savings account designed to fit your savings needs. $200 average monthly balance The $3 monthly maintenance fee can be waived by maintaining a $200.00 monthly balance or enrolling in electronic statements. (Minors are exempt from charge.)

Yes.

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IRA Savings/Beneficiary IRA Savings

A simple account to help you save for retirement. No minimum balance No monthly service charge Yes - Tiered Rates  

Account Disclosures

 

Money Market

Account Disclosures

Offers easy liquidity along with a competitive interest rate. $2,500 average monthly balance The $12.00 monthly maintenance fee can be waived by maintaining a $2,500 average available balance.

Yes - Tiered Rates

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Disclosure: Additional fees may apply. Account terms are subject to change.

Mercantile CD Account Options

Our CD accounts include:

  • $500 Minimum Opening Deposit
  • Automatic renewal standard for your convenience.
  • Flexible maturities range from 1 month to 60 months
  • Ask about special rates and terms for $100,000+ CDs.
Account Type Description Minimum Balance Fees Interest  

Mercantile Certificates of Deposit

Account Disclosures

For maximum investment earnings potential over time. Certificate of Deposit IRA options are also available. Flexible maturities range from 1 month to 60 months. N/A No monthly service charge Call for current interest rates.  

Disclosure: Additional fees may apply. Account terms are subject to change.