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Earn up to 31% more with a Merchants & Farmers Bank IRA1

Merchants & Farmers Bank's rate for a liquid individual retirement account (IRA) at $10,000 beats the Byhalia, MS average by up to 31% and is eligible for a Datatrac Great Rate Award and earning you as much as $148 over the life of the deposit.

Datatrac Great Rate Award
Select Type
Merchants & Farmers Bank - IRA - Liquid - $10k 2.00% APR2
Byhalia, MS Market Average - IRA - Liquid - $10k 1.53% 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 322,920 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. $148 is the difference between the amount earned in interest between Merchants & Farmers Bank's rate at 2.00% APR compared to 1.53% APR for the Byhalia, MS market average over the life of a liquid individual retirement account (IRA) at $10,000 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 & Farmers Bank directly with any questions regarding their current rates and terms.