In an effort to help you better protect your personal information, your Login ID and Password will be input on separate screens.
Login IDs will be input on the Mercantile Bank homepage, you will then be directed to a new page to input your password.
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.
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|
|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.)||
IRA Savings/Beneficiary IRA Savings
|A simple account to help you save for retirement.||No minimum balance||No monthly service charge||Yes - Tiered Rates|
|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
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
|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.|