Mercer Savings Bank

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Mercer Savings Bank

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Need help or have a question? Call 877-672-4543


It’s never too soon to start saving. Savings accounts earn interest to provide long-term rewards while still providing access to your funds. As with checking accounts, funds are insured by the FDIC.

Why deposit your money with us? Our values are centered on our customers and the community. And what’s more, your money stays local—when you deposit with us, a large portion of it goes back into the local community through loans.

6 Types of Savings Accounts

At Mercer Savings Bank, we offer six types of savings accounts for all stages of life…from a simple interest-bearing account to Individual Retirement Accounts (IRAs).

A Statement Savings Account offers more flexibility with a full access to online banking, debit card, direct deposit and automated payment options.

  • A low minimum deposit is required to open this account
  • Monthly statements show all transactions
  • Interest compounds daily, paid quarterly

The MMDA is ideal for customers who want higher interest rates with the flexibility of a checking account. An MMDA has full access with online banking, debit card access, direct deposit and automated payment options.

  • Tiered rates so higher balances can earn you higher interest rates.
  • Debit card and ATM capabilities make it easier to access your money than a savings account.
  • No paper statements to deal with.

A Seven-Day Notice Account is ideal for customers who want higher interest rates and don’t require immediate access to their funds. This account offers the highest interest rates of all of our checking and savings account options.

  • Must give at least seven days of notice to withdraw from this account without penalty
  • High interest rate
  • No maturity date

Individual Retirement Accounts (IRAs) provide financial security and offer tax-deferred, higher-yield savings for retirement or higher education.

  • Your choice of traditional IRAs, rollover IRAs, Roth IRAs and educational IRAs
  • Various rates and terms
  • Higher yielding interest rate
  • Match returns with future funds requirements
  • Deposits can be tax-free or tax-deferred
  • Rates based on amount and term

Certificates of Deposit (CDs) are low-risk investments with higher yielding interest rates which allow you to determine the length of the CD and match returns with future fund requirements. We offer many different terms and competitive interest rates on our CDs from seven days to five years.

  • Choice of terms and rates
  • Variable or fixed rates
  • Interest compounded daily

Check out our rates now.

A Passbook Savings Account is our most basic, interest-bearing account that is an ideal starter account. Make deposits or withdrawals any time with your passbook.

  • Competitive interest rates
  • Interest compounds daily, paid quarterly

Mercer Savings Bank

Savings Calculator

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