Pacific Mercantile Bank Paying 0.300% APY on 12-Month CDs

Discover Bank, offers 0.300% APY on 12-month term certificates of deposit for a minimum deposit amount of $10,000.

American Bank and Heritage Bank are both offering the same interest rate on 12-month CDs for minimum deposits of $500 and $1,000 respectively. The interest that is generally compounded daily is compounded on an annual basis in Heritage Bank.