Save up to $223 with a Merchants Bank home equity line of credit1

Merchants Bank's rate for a $50,000 home equity line of credit beats the North Dakota average by up to 3% and is eligible for a Datatrac Great Rate Award and saving you as much as $223 over 3 years.

Datatrac Great Rate Award
Amount
Select Type
Merchants Bank - Home Equity - LOC 80% 7.75% APR2
North Dakota Market Average - Home Equity - LOC 80% 8.02% 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 315,912 financial institutions locations in America. Datatrac Great Rate Awards certify that deposit and loan rates outperform the market average for comparable products.  www.datatrac.net

  1. $223 is the difference between the amount paid in interest between Merchants Bank's rate at 7.75% APR compared to 8.02% APR for the North Dakota market average on a $50,000 home equity line of credit over 3 years.
  2. APR=Annual Percentage Rate. 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 directly with any questions regarding their current rates and terms.

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About the Datatrac Great Rate Award®

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