Mercantile BankMoney market accountChecked Oct 10, 2026Updated
Mercantile Money Market
$12monthly fee
- A year on $10,000
- $0 after fees
- To open
- $25 to open
Visit MercantileThe bank’s own page · checked Oct 10, 2026
What it earns in a year
Interest at the APY for each balance, minus any monthly fee you’d pay. Rates are variable; these are today’s.
| Balance | APY | A year, after fees |
|---|---|---|
| $1,000 | – | −$144 |
| $5,000 | – | $0 |
| $10,000 | – | $0 |
| $25,000 | – | $0 |
| $50,000 | – | $0 |
| $100,000 | – | $0 |
Rate conditions
- Interest compounds
- Interest is calculated on the daily balance and credited and compounded to the account monthly.Source · checked Oct 10, 2026
Fees
- Monthly fee
- $12 a monthSource · checked Oct 10, 2026
- Ways to avoid the monthly fee
- maintaining a $2,500.00 average available balance per statement cycleSource · checked Oct 10, 2026
- Minimum to open
- $25Source · checked Oct 10, 2026
- Withdrawals a month
- 10Source · checked Oct 10, 2026
- Fee for each withdrawal over the limit
- $5Source · checked Oct 10, 2026
- ATM network
- MoneyPass® ATM NetworkSource · checked Oct 10, 2026
Features
Budgeting toolsInterest bearing
From the bank’s own pages. A feature not listed may still be offered: we list only what the bank states.
Rates and fees change; the bank’s own page is the final word. Not all of this account’s figures are on record yet (rate missing). Report a mistake · How we make money