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Savings and CDs

Start a Savings Account Today!

Start saving now. The time value of money is real, and the sooner you begin the more you will save for your future! Check out our savings calculators to help guide your plan. We offer a variety of competitive savings options, all with great features. From traditional savings accounts and CDs to our Smart Saver account, with easy, automatic contributions, we can help you find the perfect way to save. We even offer specialty accounts like Health Savings Accounts and IRAs, which may be able to offer you tax savings!*

Let us help you make a savings plan and invest for both the short and long term. Start by building an emergency savings fund.

  • Calculate your budget. Develop a monthly spending plan and examine your monthly expenses.
  • Evaluate your goals. Draft a wish list and assign an estimate of savings needed to accomplish the goals.
  • Choose your accounts. Visit with one of our associates for a financial review and let us assist you in determining which account is right for your situation.
  • Keep track of your progress. Are you done saving for a short-term expense? Do you need to re-evaluate your budget?

Find a banking center near you and open your account today.

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

*consult a tax advisor for details

 

Choose the Savings Product that Fits Your Needs

first merchants regular savings accounts 450x300

A great starter account with tiered interest rates and two ways to avoid a monthly service charge.

first merchants money market savings 300x450

Earn interest based on your balance and enjoy access to your money when you want it via First Merchants Mobile App, check writing and a debit card.

First Merchants Money Market Special Offers Q3 2021 internal

Earn interest at a special interest rate and enjoy access to your money when you want it via First Merchants Mobile App, check writing and a debit card.

 
First Merchants Smart Saver CD Internal

With a higher interest rate than a regular savings account, this account is designed to make saving easy with regular, automatic deposits throughout the year.

First Merchants 12 Month CD Internal

A Promotional Certificate of Deposit (CD) is a great way to lock in an interest rate for your selected term (specific period of time) and steadily grow your money.

First Merchants 21 Month CD Internal

A Promotional Certificate of Deposit (CD) is a great way to lock in an interest rate for your selected term (specific period of time) and steadily grow your money.

 
First Merchants Health Savings Account

A tax-advantaged investment account that is used for medical expenses for participants in High Deductible Health Care Plans.

First Merchants Health Savings Account

A tax-advantaged investment account that is used for medical expenses for participants in High Deductible Health Care Plans.

 

Check Rates and Open an Account Now.