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.


User Ratings
GD Star Rating

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 - $4,999.99 0.25% APY
$5,000 - $9,999.99 0.25% - 0.28% APY
$10,000 - $14,999.99 0.28% - 0.32% APY
$15,000 - $24,999.99 0.32% - 0.39% APY
$25,000 & Over 0.39% - 0.50% APY
Last checked on: 01-05-2018


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

HSA Investment Options

Mutual Funds:    Self-Directed Brokerage:    CDs:    Other:

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 3rd Street
Winona, MN 55987

Customer Service

Phone Number 800-944-6285

Merchants Bank Discussion