Pacific Mercantile Bank Paying 0.620% APY on 24-Month CDs

Pacific Mercantile Bank, is offering 0.620% APY on 24-month term CDs. The bank mandates a minimum deposit of $10,000 on all its certificates of deposit.

Centennial Bank offers 0.500% APY on 24-month CDs for a minimum opening balance of $10,000 while American Bank offers the same APY for a minimum deposit of $500 on 24-month CDs.