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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

Free Business Debit Card²

Interest bearing

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.