Open an account
Call 800.238.8681 or stop by a local branch.
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Account
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Minimum Opening Deposit
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Minimum Balance to avoid fees
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Summary
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Personal Savings
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$100
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$300
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Provides an easy and convenient way to save for the future.
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Minor Savings
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$50
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None
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With no minimum balance or monthly fees, this account is the easiest way for your
child to grow his or her money and learn the value of saving. This account is available
only to a custodian for a minor under the age of 18. Six months after the minor’s
18th birthday, this account will become a Personal Savings account subject to all
applicable fees.
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Freedom Money Market
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$100
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$2,500
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Money Market Account that offers increased interest on higher balances.
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Regal Premier Money Market
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$1,000
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This high interest money market account is rewarded to customers with a checking
relationship.
Competitive tiered interest rates on higher balances.
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Certificates of Deposit (CDs)
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$2,500
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If you’re looking for a flexible yet secure way to invest, our Certificates
of Deposit may be the perfect way for you to meet your financial goals.
Interest compounded daily.
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Individual Retirement Accounts
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$1,000
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Mercantile Bank offers a variety of terms and rates on Individual Retirement Accounts
including Traditional and Roth.
FDIC Insured up to $250,000
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