Pacific Mercantile Bank, offers 0.620% APY on 24-month certificates of deposit. The bank offers CDs for various terms from 1 month to 60 months.
The minimum APY offered by the bank is 0.10% while the maximum APY offered is 0.67%. You would have to pay $10,000 minimum deposit to open any CD at Pacific Mercantile Bank. The interest earned will be credited to your account on a monthly basis and can be transferred to any PMB account you hold.
