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The Merchants National Bank of Sacramento
Relationship Banking since 1921
New family in a new home
 

Savings

 
Request a Disclosure of Account Terms for details and additional information
¹Interest earned on balances greater than $100.00
 
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Savings

Provides maximum flexibility to reach your goals
Set up a savings account for each of your goals with an automatic savings plan. Link to your checking account for transfers. There are no monthly service charges or minimum balance requirements, and you'll earn a solid rate of interest too.

You can set up a free automatic transfer or direct deposit so your balance grows every month without having to think about it. And as always, your money is accessible by teller, mobile banking, On-Line Banking, ATMs, and through account transfers.
 
Account Features:
  • Earn interest on monthly balance (over $100)
  • Unlimited deposits
  • 6 withdrawals per month¹
  • No monthly fee or minimum balance requirement
  • Free Online Banking
  • Mobile Banking available on the Merchants National Bank Mobile App
  • Minimum opening deposit $100
  • FDIC insured up to the maximum permitted by law
 
¹Government regulation limits the number of pre-authorized withdrawals from a money market or savings account to 6 per monthly statement period. Request a disclosure of account terms for additional information. 
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Money Market

Maintain flexibility while earning a higher interest rate
If you took the best things about a savings account and a checking account and put them together, this is what it would look like! Get an elevated interest rate and check writing privileges too.
 
Maintain financial flexibility while making the most of your money. When you're ready to take your finances to the next level, this account can get you there.

Account Features
  • Earn interest on monthly balance
  • Limited checks / withdrawals (6 per month)¹
  • Unlimited deposits
  • $10 monthly fee waived with $2,500 daily balance
  • Free Online Banking
  • Minimum opening deposit $2,500
  • FDIC insured up to the maximum permitted by law
  • Mobile Banking available on the Merchants National Bank Mobile App
¹Government regulation limits the number of pre-authorized withdrawals from a money market or savings account to 6 per monthly statement period. Request a disclosure of account terms for additional information. 
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Certificate of Deposit

Make the smart move and invest your money in a CD from Merchants National Bank. 
You can lock in the rate for a guaranteed return, no matter what happens in the rest of the financial world.
We offer a variety of options so your funds are available to you when you need them. And because CDs are insured by the FDIC, you never have to worry—you can rest easy knowing your money is safe and sound.
 
Account Features:
  • Higher rates than most savings accounts
  • Terms ranging from 30 days to one year
  • Guaranteed returns regardless of market changes
  • Minimum opening deposit of $2,500 - $10,000 depending on term
  • Flexible terms to fit your needs
  • Choice of interest payment options
  • Interest compounded daily
  • No maintenance fee
  • Subject to interest penalty for early withdrawal¹
  • FDIC insured up to the maximum permitted by law
 
¹Request a disclosure of account terms for additional information. 
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Individual Retirement Accounts (IRA’s)

Start investing in your own future. 

Whether retirement is a long way down the road or just around the corner, saving for your golden years is a smart move. A Merchants National Bank IRA can help.
 
We offer Traditional and Roth IRAs. Each account has distinct advantages and special tax benefits. Both are designed to help you save so retirement can be what it was meant to be—a time to relax.
  • Save for retirement
  • Interest bearing accounts
  • Traditional and Roth IRAs available
  • Various rates and terms to choose from
  • Some age and deposit limits apply
  • Deposits can be tax-free or tax-deferred (Consult your tax advisor)
  • Flexible packages to meet most needs
  • FDIC insured up to the maximum permitted by law
  • Pick the term that fits your needs and earn a higher rate of interest.

TRADITIONAL IRA

Account Features
  • No annual fee or setup charges
  • Anyone under age 70½ can open
  • Interest earnings are tax-deferred
  • Contributions are tax deductible – (Consult your tax advisor)
  • Withdrawals can begin at age 59½
  • Subject to penalty for early withdrawal¹
  • Mandatory withdrawals at age 70½

ROTH IRA

  • No annual fee or setup charges
  • Earnings and principal are potentially tax free upon withdrawal
  • Contributions are not tax deductible (Consult your tax advisor)
  • Principal may be withdrawn penalty-free at any time
  • After 5 years, interest can be withdrawn penalty-free at age 59½
  • Early interest withdrawals subject to penalty¹
  • No mandatory distribution age
 
¹Certain exceptions apply, such as healthcare, purchasing first home, etc. The first step is to always speak with your tax advisor before making any investment decisions. You can open one of our individual retirement accounts (IRA) with as little as $1,000.00 by speaking to one of our staff members 
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CDARS®

Convenient way to access FDIC insurance on large deposits
We take care of the details so your deposits of $250,000 to $10 million can work in a safe place with access to FDIC insurance.
 
Introducing CDARS ®
CDARS is the Certificate of Deposit Account Registry Service. It's the easiest, most convenient way to enjoy full FDIC insurance on deposit amounts larger than $250,000. Whether it is for Personal or Business needs, CDARS is a great way to access multi-million-dollar FDIC insurance on CD investments.

How does CDARS work?
Merchants National Bank is part of the CDARS Network. When you open a CDARS account with us, we place your funds into CDs issued by other banks in the Network, in increments of less than the standard FDIC insurance maximum so that both principal and interest are eligible for FDIC protection. As a result, you can receive coverage from many banks while working directly with only Merchants National Bank.
 
What else should you know?
With access to multi-million-dollar FDIC insurance, you can reduce collateralization requirements (if you are accustomed to collateralization) and avoid the hassle of opening accounts at different banks in different insurable capacities. You can also avoid manually consolidating account statements and interest disbursements. CDARS reduces administrative burdens, especially during tax and financial reporting seasons, and frees up your valuable time. You can skip extra paperwork while enjoying the peace of mind associated with multi-million-dollar FDIC insurance eligibility.

As always, your confidential information remains protected.

FEATURES:
  • Minimum opening deposit is $100,000
  • Full FDIC insurance
  • CDARS satisfies the FDIC’s requirement for agency pass-through deposit insurance coverage
  • Manage multiple accounts easily
  • One bank, one rate, one statement
  • Terms from 4 weeks to 3 years
  • No fees
  • CDARS is a registered service mark of Promontory Interfinancial Network, LLC
  • If a depositor is subject to restrictions with respect to the placement of funds in a depository institution, it is the responsibility of the depositor to determine whether the placement of the depositor’s funds through CDARS or a particular CDARS transaction satisfies those restrictions.
  • Funds may be submitted for placement only after a depositor enters into a CDARS Deposit Placement Agreement with Merchants National Bank. The agreement contains important information and conditions regarding the placement of funds by Merchants National Bank.

Ready to start?

Contact us by visiting our branch or call 916-442-3883 for more information.
 
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