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Compare and Open
a Business Savings Account

Choosing the right savings account is like choosing the right paint color for your home – it becomes the foundation on which you build and decorate your life.

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Business Savings Comparison Table

First Merchants Business Savings

A great savings account that has tiered interest rates for higher balances, accrues interest daily, and credits monthly.

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First Merchants Business Money Market

You can have it all! Get tiered rates based on your balance, with the convenience of check writing.

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First Merchants Business CDs

Our CDs are a great way to invest, generally with higher interest rates than other savings options!

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Free Online1, Mobile Banking
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Free Business Debit Card2
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Interest bearing
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Limits3/ Eligibility
Rates are tiered based on account balance and may vary. Ask us for current rates.

Interest is accrued daily and credited monthly
Rates are tiered based on account balance and may vary. Ask us for current rates.

Interest is accrued daily and credited monthly.
Rates are fixed throughout the term. Ask us for current rates.

Interest is compounded and credited quarterly.
Minimum opening deposit
$100
$1,000
$1,000 / $2,500
Monthly Service Charge
No monthly service charge with a minimum balance of at least $300; otherwise, $5 per month.
$10 (waived with a $10,000 collected balance)
Other service fees may apply

1Standard Business Online Banking is available for no monthly fee. Additional charges may apply for certain services.

2Use of debit/ATM card in an ATM not owned by First Merchants Bank may result in ATM service charges from the bank and the institution that owns the ATM.

3Interest rates vary by product.

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