Mercantil Bank CD Rates Upped in 2019

Mercantil Bank CD rates, which already had some of the best CD rates around, recently increased their CD rates on their Smart CDs. The best overall deal is on the 15 month CD from Mercantil Bank. Current 15 month CD rates from Mercantil Bank are at 2.75 percent.

24 month CD rates from Mercantil Bank are at 2.55 percent. 36 month CD rates from Mercantil Bank are at 2.70 percent. 48 month CD rates from Mercantil are at 2.75 percent and 60 month rates are at 3.40 percent. See how other CD rates at banks compare with Mercantil Bank CD rates.

Certificates of deposit are insured by the FDIC by up to $250,000 per depositor. Some of the benefits of a CD account include:

• 24/7 Online Banking Access
• No monthly fees
• Maturity Alerts
• Automatic Rollover

Mercantil Bank has been in business for almost 40 years since opening it's first location in North Miami, Florida. The bank is a lot larger now with 22 banking centers total. There are 15 locations in South Florida and 7 in Houston. The bank now has 800 employees.