First Merit Bank's Statement Savings Account offers an easy and convenient way to put money aside and have instant access when needed. The account earns interest on all balances by keeping a minimum daily balance of $50 and higher balances may earn higher interest. Features include automatic transfers, quarterly statements showing all account activity, FirstMerit ATM card for 24-hour banking and direct deposit service in cooperation with the customer's employer. The bank provides savings calculators on their website.