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Earn up to 29% more with a Merchants Bank of Alabama savings deposit1

Merchants Bank of Alabama's rate for a regular savings beats the Hanceville, AL average by up to 29% and is eligible for a Datatrac Great Rate Award and earning you as much as $2 over 3 years on a Regular Savings - $1k.

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Merchants Bank of Alabama - Regular Savings - $1k 0.25% APR2
Hanceville, AL Market Average - Regular Savings - $1k 0.19% APR2

About Datatrac

Datatrac is an independent, unbiased research firm that has monitored deposit and loan rates, fees and product features for over 25 years on more than 226,894 financial institutions locations in America. Datatrac Great Rate Awards certify that deposit and loan rates outperform the market average for comparable products.

  1. $2 is the difference between the amount earned in interest between Merchants Bank of Alabama's rate at 0.25% APR compared to 0.19% APR for the Hanceville, AL market average over the life of a regular savings over 36 months.
  2. APY=Annual Percentage Yield. Datatrac’s comprehensive, unbiased research and analysis is updated each business day and is conducted independent of any financial institution.  There is no guarantee that you will receive the rates or terms displayed herein. Actual rates and terms are in the full discretion of the financial institution and are subject to your credit rating and other factors. Please contact Merchants Bank of Alabama directly with any questions regarding their current rates and terms.