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Business Savings Accounts

Business Savings Accounts

Business Savings Accounts
Access To Fee-Free ATMs
Access your money at over 37,000 free ATMs throughout the country. Just look for the MoneyPass symbol.
Overdraft Protection
First Merchants has a variety of options to protect yourself and your accounts from declined transactions.  Protect your account today.
Mobile App & Online Banking
Enjoy the convenience of online and mobile banking services at First Merchants Bank. Access your accounts, make transactions, and manage your finances.
Hands-Free Banking
With Apple Pay® and Samsung Pay® at First Merchants, you can experience greater security and convenience on purchases at millions of participating retailers.

Business Savings Products

Choose the business savings option that fits your needs and earn interest.

Simple and Carefree Checking Accounts

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Compare Accounts

Open a commercial deposit account at First Merchants that helps your business meet your money management goals. Choose the account that works best for your business.

Simple and Carefree Checking Accounts

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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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Interest bearing
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Limits2/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.

2Interest rates vary by product.

Top Questions about First Merchants Bank Business Savings Accounts

Below you will find information about the most frequently asked questions when opening a First Merchants Bank business savings account.

To prepare your business for future financial success, you must develop and maintain a financial plan. Financial planning for a business allows you to analyze your current financial status and measure growth. This plan will allow you to measure how well the company performed. Your business’s financial plan should also have room for variables such as economic fluctuations, employee growth and new business ventures.

Some small businesses are able to receive payments with Zelle®. Ask your favorite small business if they accept payments with Zelle®. If they do, you can pay them directly from your mobile banking app or online banking using just their email address or U.S. mobile number.

Neither First Merchants Bank, nor Zelle® offers purchase protection for payments made with Zelle® – for example, if you do not receive the item you paid for, or the item is not as described or as you expected. Only send money to people and small businesses you trust and always ensure you’ve used the correct email address or U.S. mobile number when sending money.

Checking, Savings, Loan and CD accounts are available on Business Online Banking.

From firstmerchants.com, select Business Online Banking from the dropdown menu in the login box to begin the login process. If you’re using a mobile device, you’ll see mobile login options as well.

Find the right account type for you.

We can help you make a decision on the type of account that would best serve your needs.

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