Merchants Bank


We have rich history dating back to our founding in 1875, but more importantly, we have a bright future providing banking services to help individuals and businesses in our communities thrive. As part of our commitment to the communities we serve, we provide monetary support and thousands of volunteer hours each year to many worthwhile organizations.

HSA Program Features

FDIC or NCUA Insured:
Min Balance to Open:
  • Debit Card
  • Checks
  • Investment Options

HSA Interest Rates

Interest rates for various balance tiers
$0.00 - $5,000.00 0.05% APY
$5,000.01 - $10,000.00 0.10% APY
$10,000.01 - $15,000.00 0.15% APY
$15,000.01 - $25,000.00 0.20% APY
$25,000.01+ 0.25% APY
Last checked on: 06-24-2021. Rates may not be current, please check the provider's website for the latest rates.


Monthly Maintenance Fee Unknown
Account Opening Fee Unknown
Account Closing Fee Unknown

HSA Investment Options

Mutual Fund Platform: close   Self-Directed Brokerage: close   CDs: check_box   Other: close

CDs Details

We offer Certificate of Deposit* (CD) accounts for regular savings, retirement accounts (IRAs), and Health Savings Accounts (HSAs):
  • Start saving today with a minimum deposit of $500.
  • Flexible terms starting from just three months.

Contact Information

General Information

Address 102 East Third Street
Winona, MN 55987

Customer Service

Phone Number 800-944-6285
Email Address [email protected]