Pacific Mercantile Bank CD Rates and Review
Pacific Mercantile Bank, based out of Costa Mesa, California, is a publicly traded national bank (nasdaq: PMBC) which can accept deposits from consumers nationwide. They offer a full range of banking products – checking accounts, savings accounts, money market accounts, CD (certificate of deposit) accounts, mortgages and other loan products.
Pacific Mercantile Bank’s current CD rates (as of Dec. 2009):
| Personal Certificate of Deposit | Minimum Deposit | Interest Rate | APY* |
| 3 Month CD | $10,000.00 | 1.20% | 1.21% |
| 6 Month CD | $10,000.00 | 1.51% | 1.52% |
| 12 Month CD | $10,000.00 | 1.99% | 2.01% |
| 18 Month CD | $10,000.00 | 2.08% | 2.10% |
| 24 Month CD | $10,000.00 | 2.12% | 2.14% |
| 36 Month CD | $10,000.00 | 2.12% | 2.14% |
| 60 Month CD | $10,000.00 | 2.12% | 2.14% |
Additional Features with these accounts:
- No fees associated with these accounts
- Choose the term that’s right for you, from 30 days to 5 years
- FDIC insured
- The interest earned can be transferred monthly to any other PMB account
- Access to your account information using our Online Banking Solution
- Download account information to Intuit QuickBooks® or Microsoft® Money
The above annual percentage yields (APY) are accurate as of 12/1/2009. Rates on bank CDs are fixed for the term of the CD at the time of opening. For all other interest bearing accounts, the interest rate may change after account is opened. Rates offered are subject to change at any time without prior notice. Fees and early withdrawal penalties could reduce earnings on the above accounts.
Phone: (866) 450-5600
Website: PMBank.com
Address: 949 South Coast Drive. Third Floor. Costa Mesa, CA 92626
