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Home > Personal Banking > Savings > CDs
Certificates of Deposit
Mercantile Bank offers a variety of terms and rates on Certificates of Deposit. The following apply to all our CDs:
  • $2,500.00 minimum opening deposit for CDs
  • $1,000.00 minimum opening deposit for IRAs
  • Insured up to $100,000.00 by the FDIC
  • Interest is compounded daily
  • Automatic renewal at maturity
  • Interest payments paid to the account holder may be transferred to another Mercantile Bank account monthly or quarterly, or accumulated until maturity.
  • Penalty for early withdrawal
  • For rates on other CD's, please enter your zip code and click search:      
For more information on Certificates of Deposit, submit a CD information form, call 800-238-8681 or visit any of our branches.


 
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