Savings -- watch your money grow with us!

Minimum Deposit to Open	$25	$50	$100	$500	$50	$1,000	$100
Minimum Daily Balance to Earn Interest	any	$50	$100	any	any	$1,000	$100
Minimum Balance to Avoid Service Charge	n/a	$50	n/a	$5,000¹	$50	$2,500²	n/a
Service Charge if Minimum Daily Balance is not Maintained	n/a	$6(Q)	n/a	$15(Q)	$6(Q)	$10(M)	n/a
Number of Debit Transactions	6 (M)³	6(M)³	6(M)³	6(M)³	6(M)³	6(M)³	25(M)
Excess Transaction Fee	$1	$1	n/a	n/a	$1	n/a	$1
Automatic Savings Plan	•	•	•	•	•	•	•
eStatements	•	•	•	•	•	•	•
Free eNet Banking Account Access	•	•	•	•	•	•	•
Free Telephone Banking	•	•	•	•	•	•	•
MasterMoney Card (with separate application)						•
Direct Deposit	•	•	•	•	•	•	•

1. There is no minimum daily balance to maintain and no monthly service fee for Savings SE customers who also maintain any Mercantile Bank checking account with a positive balance.

2. Star customers who maintain a minimum daily balance of $10,000 in any combination of qualified Mercantile Bank banking relationship including: checking, money market, savings and loan accounts, pay no monthly fee.

3. Federal Regulations limit pre-authorized withdrawals or transfers from your savings account to six (6) per month. Limited pre-authorized transfers and withdrawals include checks, drafts, debit card or similar order, systematic savings plans, sweep service, telephone and Internet banking transfers.  Transfers and withdrawals made in person, by messenger, by mail, at an ATM, to loans at the same institution or to another depositor at the same institution are unlimited.

Q = Quarterly
M = Monthly

Teach your child to save with their first savings account! This special account is for our customers 15 and under. It has no monthly service fees and requires only $25.00 to open. It is never too early to start saving and teaching children the importance of saving money. While they are young, plant the seeds for a lifetime of good saving habits.

Save for a rainy day or unexpected expenses,with an interest bearing Statement Savings account. It's just $50.00 to open and no service fees will be applied with a $50.00 average daily balance each quarter. If average daily balance over the quarter drops below $50.00, there is a $6.00 service fee for that quarter. It's just like the Passbook Savings... without the Passbook!

MORE Savings is a no-nonsense account with no monthly maintenance fee or service fees. It gives you convenient, easy access to your money as well as a very competitive yield on all balances. Earn even MORE with your other Mercantile banking relationships!.

A Bridal Registry at a Bank??? Only at Mercantile!!! This is a savings account designed especially for (but not limited to) engaged couples. It takes only $50.00 to open; friends and family can make deposits of any amount, at any time by Internet, mail or in person. Gift announcement cards and certificates are included.

The Special Edition Savings is a classic savings account with a modern touch. It offers the convenience of moving funds into an account from other financial institutions online or through an Automatic Savings Plan. The minimum balance to open is just $500.00. There is a $15.00 quarterly fee imposed if the average daily balance falls below $5,000.00. However, for Mercantile Bank checking account customers, there is no minimum balance to maintain and no monthly service fee.

Reach a higher level of banking with the Star Money Market. No need to change banks, the Star Money Market will automatically link to your current checking account... no matter where it is! Minimum balance to open and to earn interest is $1,000.00. There is a $10.00 monthly fee imposed if the average daily balance falls below $2,500.00. To avoid this fee, you must maintain a minimum daily balance of $10,000.00 in any combination of qualified bank relationships including: checking, money market, savings, and loan accounts.

This is a flexible account set up to meet the needs of each individual. Attached to a checking account, you can use it as a savings account or for overdraft protection. With only $100 to open, there is no monthly service fee. Availability and pricing of this account is determined by other account relationships. Please see us for details.

CDs & IRAs

If you are looking for a better return on your investment or saving for retirement, we can help you build a CD or IRA portfolio that meets your needs. For more information and for current rates, please visit with us today.

Health Savings Accounts

Health Savings Accounts are a new option for health insurance and are designed to help individuals save for qualified medical and retirement health expenses as well as for businesses to be able to provide affordable health insurance plans with income tax benefits.

Investments

Sorting through all the investment options available today can be confusing and overwhelming. Our Investment Center team can offer you a free consultation and show you how to match opportunities to your goals. Talk to our professionals to learn more and expand your solutions – we want your money to work as hard as you do.

Back to Top