Interest Bearing Business Checking

If interest on your business checking is what you're looking for, our Interest Bearing Business Checking account may be the perfect fit for your business.

With an interest bearing business checking account, you can earn interest on the entire balance in your account making your money grow faster. Interest is compounded monthly and you can view current rates for this business checking account by visiting our Rates page and selecting your branch. You can learn more about the specific features of our Interest Bearing Business Checking Account below and the process to open an account.

Interest Bearing Business Checking Account Features

If you’re ready to open this account for your business, contact your local branch and schedule an appointment with your banker or fill out our Contact Us form to have a banker follow up with you. To prepare for your appointment, read the Frequently Asked Questions below, which provides a list of helpful documents to bring when opening your business checking account.

Compare Business Checking Accounts

Account FeaturesSmall Business CheckingBusiness CheckingInterest Bearing Business CheckingNonprofit Business Checking
Minimum Opening Deposit$0$0$0$0
Free Chip Debit Card with ATM Access and MasterCard® Easy Savings Program
Monthly Fee$0$8$8$8
Monthly Free Transaction Items
Per Transaction Charge
Borrowed Funds Raten/aPrime+3%Prime+3%Prime+3%
Earnings Credit
Earns Interest
Overdraft Line of Credit*AvailableAvailableAvailableAvailable
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*Subject to credit approval. 

Working with Merchants has been's more like working with family. If I need anything, Matt and Manon are right there. It's also nice to work with bankers who are active in the community and that I see around town. I couldn't imagine banking any place else.

Suzanne Roesler

Owner, Caledonia Bakery

How can I switch my business checking account to Merchants Bank?

What do I need to open an interest bearing business checking account?

Please bring the following items with you to open your business checking account:

  • Legal documents for your business
  • Tax ID number
  • A list of who you would like to add to the account as authorized signers and a plan for how those signatures will be obtained

Being prepared with this information will help speed up the account opening process. To schedule an appointment to open a new business checking account, contact your local Merchants Bank branch.

Why would I choose an interest bearing business checking account over another type of business checking account?

That’s a good question. The type of business checking account that makes sense for your business depends on your goals and unique situation. If you’re unsure of which account may be best, we’re here to have a conversation with you about your business and provide some guidance. 

In general, businesses that open an interest bearing business checking account find value in the extra interest earned. Putting your checking account balance to work by earning interest can help you put more money back into your business to meet your next goal, enhance cash flow and more.

I'm an established business. How does Merchants Bank compare to my current business checking account?

Your business is constantly changing. When was the last time you reviewed your business accounts to ensure the best return and most efficient cash flow?

We’ll conduct a free, no-obligation cost analysis on your business checking account. Our business accounts and Treasury Management Services may be a better fit for your business, so we dare you to compare. Contact a Treasury Management Consultant to begin your analysis.

Do you offer Business Online Banking and Mobile Banking?

Yes, we offer several online and mobile banking options for our business customers.

  • Commercial Online Banking - Provides easy access to managing your accounts and seamless integration to the Treasury Management tools you need.
  • Commercial Mobile Banking - Check your business accounts on the go and make mobile deposits, while still operating in a fully secure environment.
  • Small Business Online Banking - Geared toward small businesses that do not use Treasury Management tools, Merchants Bank Small Business Online Banking provides access to basic functions to manage your business accounts such as reviewing transactions, making transfers and paying bills. You may also set up secondary user access.**
  • Small Business Mobile Banking - Easy-to-use, secure mobile access to your business account information on your smartphone or tablet. Our Small Business Mobile Banking provides a convenient way to check balances, view recent transactions, transfer funds, find branch and ATM locations, and more.

How do I transfer money between my checking account and other business accounts?

You can easily transfer money between your other business accounts several ways, including ACH, automated sweep accounts, Online Banking, Mobile Banking and more.

For help setting up an external transfer to/from your Merchants Bank Business Checking account, contact your local Treasury Management Consultant.

*ATM surcharge and foreign fees may apply. **Subject to approval


As your dedicated financial partner, we offer Wealth Management resources to help you plan for the future. Put our expertise to work for you. 

Treasury Management

Dedicated to your success, we provide your business with tools to manage your corporate cash efficiently and protect your financial accounts from fraud.

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