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Money Market Savings

Money Market Savings

Get tiered rates based on your balance, with the convenience of check writing and ATMs to access your money when you need it. The more you keep in your Money Market Savings Account, the more your money makes you!


  • FREE Money Market Savings checks
  • FREE MasterCard® Debit Card
  • FREE Online Banking & Bill Pay (Must be 18 years of age or older to use Bill Pay)
  • FREE Mobile and Text Banking
  • FREE ATMs nationwide with MoneyPass
  • FREE Telephone Banking
  • Interest rate bonus of 0.10% APY with Elite Checking Account


  • Six FREE withdrawals per month.¹
  • $10.00 per additional withdrawal.

(Including withdrawals made by ACH, Telephone, Internet, Online Banking and Wire)


  • 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:

  • $1,000

No Monthly Service Charge:

  • With a minimum balance of $10,000 or maintain an Elite or Advantage Checking Account²

Otherwise an $8 monthly service charge applies.

Statement Options:

Start Saving Today!

Talk to one of our bankers today, and let us help you meet your savings goals!

Other service fees may apply. Please see our Banking Fees.

¹Six free withdrawals per month and $10.00 per additional withdrawl including withdrawals made by ACH, Telephone, Internet, Online Banking or Wire. ²Combined minimum balance of at least $1.00 between First Merchants Elite or First Merchants Advantage Checking and Money Market Savings to waive the Money Market Savings Minimum balance requriement. Promotional accounts cannot be opened online.


Open a personal checking, savings, or CD account online in about 10 minutes, anytime you like! You’ll just need some identification documents and a way to make an opening deposit; our system will guide you through the process.