Update Browser: you are currently trying to view the First Merchants site using an outdated browser. In our commitment to your security, and in keeping with industry standards, we no longer support the browser you are using. Learn more.

Business Savings Account

Business Savings

A great account with tiered interest rates, there’s no monthly service charge if you have a balance of $300 or more!

Benefits:

Account Details:

  • No monthly service fee with minimum balance of $300, otherwise $5 monthly service charge
  • Six free withdrawals per month, $10 per additional withdrawal
  • Earns Interest
    • Rates are tiered based on account balance and may vary. Ask us for current rates
    • Interest is accrued daily and credited monthly.

Minimum Opening Deposit:

  • $100

Statement Options:

Other service fees may apply.

Beneficial Ownership:

Effective May 11, 2018, new rules have been implemented requiring all financial institutions to identify and verify the beneficial owners of a covered legal entity when opening a new account or updating signers on an account, including deposit, loan and safe deposit box accounts. Find out more about Beneficial Ownership and download the Certification Form.

HOW CAN WE HELP?

Have questions or need assistance? Our Treasury Solutions team can help you with any business service. The team is available weekdays from 8 a.m. until 6:00 p.m. EST. Give us a call at 1.866.833.0050.

Looking for another phone number or want to submit a request online? Find it on our Contact page.

CONTACT US