Personal Savings

Whether you are looking to save money for that new car you’ve been wanting, that vacation getaway you’ve dreamed of, or you want to set aside some money for a “rainy day” or emergency fund, Merchants National Bank has a savings account option just for you!


Compare the features of our accounts below and stop by one of our branch locations to meet with an expert to customize a savings plan especially designed to meet your needs.  

Personal Savings Comparison

FeatureMNB SavingsMNB Plus SavingsYouth SavingsInsured Money Market
Eligibility N/A Age 60+ or on Disability Income Under Age 18 N/A
Minimum to Open $200 No No $100
Interest Yes Yes Yes Yes
Minimum Balance Requirement $200 No No $1,000
Monthly Service Fee $41 No No $101
Withdrawals 4/month free2 4/month free2 4/month free2 6/month free2

1 If balance falls below minimum balance requirement
2 $1 per withdrawal thereafter

Certificate of Deposit

Pays competitive market rate of interest.

  • $1,000 minimum deposit – minimum deposit of $500 for minors
  • Terms range from 30 days to 60 months
  • Call for special term CDs
  • Interest paid: Monthly, Quarterly, or Semi-Annually by check, transfer to checking account , transfer to savings account or add on to the existing CD

Health Savings

A Health Savings Account (HSA) is a tax-exempt trust or custodial account established exclusively for the purpose of paying or reimbursing qualified medical expenses of you, your spouse, and your dependents.

  • No fees associated with an HSA
  • Free Checks
  • Free Visa Debit Card
  • Minimum Deposit $100.00
  • IRS reporting

Back to Top