Best Pacific Mercantile CD Rates Today
Posted on July 26th, 2011
The best Pacific Mercantile CD rates today are a safe place for investing your money during these tough economic times. They have 7 branch offices strategically located across the Southern California area to serve you better. These same services are also available online.
The certificates of deposits account require a minimum opening deposit of $10,000 to obtain the stated APY’s. Unfortunately since our last update the Pacific Mercantile CD rates have been lowered. This is a common trend today in the financial world. Until the countries of the world finally become stable with their debt, this is a trend that is expected to continue.
The current CD rates for the 3 month CD is earning an APY of 0.20%. The 6 month CD is earning an APY of 0.80%. The 1 year CD is earning an APY of 0.95%. The 18 month CD is earning an APY of 1.11%.
The 2 year CD is earning an APY of 1.28%. The 3 year CD is earning an APY of 1.28%. The best CD rates are from the 5 year CD that is earning an APY of 1.28%.
All of the bank CD rates are of a fixed term for the duration of the investment. There are penalties and fees associated with an early withdraw. All of the deposits are insured by the FDIC. If the interest is transferred to another PMB account, the CD will only earn the interest rate and not the APY.
The best Pacific Mercantile CD rates today were posted on July 19, 2011 but are subject to change without any prior notice.
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