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CD Deposit Rates

     

Account Product Name

Minimum Deposit to Open

Minimum
Balance to
Obtain APY1

Interest Rate

APY1

91 Day CD2

$1,000.00

$1,000.00

0.20%

0.20%

182 Day CD2

$1,000.00

$1,000.00

0.30%

0.30%

9 Month CD2

$1,000.00

$1,000.00

0.50%

0.50%

12 Month CD3

$1,000.00

$1,000.00

0.85%

0.85%

18 Month CD3

$1,000.00

$1,000.00

1.60%

1.61%

24 Month CD3

$1,000.00

$1,000.00

1.75%

1.76%

30 Month CD3

$1,000.00

$1,000.00

1.85%

1.86%

36 Month CD3

$1,000.00

$1,000.00

1.95%

1.96%

48 Month CD3

$1,000.00

$1,000.00

2.05%

2.06%

60 Month CD3

$1,000.00

$1,000.00

2.15%

2.16%

College Saver 24 Month

$100.00

$100.00

1.75%

1.76%

College Saver 48 Month

$100.00

$100.00

2.05%

2.06%

Jumbo CDs $100,000.00 $100,000.00 Available Upon Request

 

Rates last updated October 17, 2018

The interest rates and APYs are current as of the date listed above and may change after account opening at any time.  Fees may reduce earnings on the account. We reserve the right to limit deposit amount.

1.Annual Percentage Yield (APY) 2. Assumes the minimum opening deposit and interest remain on deposit for the term of the certificate, and that interest is paid at maturity. 3. Assumes the minimum opening deposit and interest remain on deposit for the term of the certificate, and that interest is compounded semiannually.

A substantial penalty may be imposed for early withdrawal and fees may reduce earnings. We reserve the right to limit deposit amount. Rates and APYs are current as of the date listed above and are subject to change at any time without notice.

CD Specials may not be listed, and rate bonuses may be available for new deposits and/or with select account relationships. Call or visit your nearest Mercantile Bank to learn more.