Deposit Services: For YouA A

Personal Savings & Money Markets

Watch Your Money Grow with Us

Expand your earning potential while keeping your money safe and secure. After all, you work hard to earn your money, and we should work even harder to protect it. Together, we can plan your financial future.

Apply Now Pennywise
Savings
Dream-Builder
Savings
Blue Moon
Savings
Christmas
Cash Club
Star
Money
Market
Mercantile Bank small-col MClass
Safety Sweep

Savings Account Basics

Minimum Opening Deposit $25 $50
$100
$0 $1,000 $100
Minimum Daily Balance to Earn Interest any any
$1000
$100 $1,000 any
Minimum Balance to Avoid Service Charge n/a $50
$100
n/a $2,500¹ n/a
Service Charge if Minimum Daily Balance is Not Maintained n/a $6(Q)4
$6(Q)4
None5 $10(M) n/a
Number of Limited Debit Transactions
6 (M)²
6 (M)²
6 (M)²
n/a
6 (M)²
25(M)³
Excess Transaction Fee
n/a
n/a
n/a
n/a
n/a
$1

Convenience Advantages

Automatic Savings Plan
Free eStatements
 
Free Internet Banking Account Access
 
Free Telephone Banking
 
MasterMoneyTM Card (with separate application)          
Direct Deposit

1. 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.

2. 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.

3. Sweep transactions are unlimited.

4. DreamBuilder and Blue Moon Savings customers who have direct deposit pay no monthly fee.

5. There is a $5.00 penalty for each early withdrawal

Q = Quarterly
M = Monthly