Mercantil Bank offers a variety of Certificates of Deposit (CD) with flexible terms. A short, medium or long term that earns higher yields for a fixed period based on account balance and terms selected.
The customer decides the term of maturity according to his/her needs and now Online Banking customers can benefit from being able to open a Mercantil Bank Certificate of Deposit (CD) with a minimum of U.S. $10,000.00.
All that’s required to get started is:
- A Mercantil Bank Account (Checking, Savings, Money Market or NOW).
- Sufficient funds in the account to fund the CD Online.
To open a CD online, login into Online Banking, select “Accounts”, and then choose the option to “Open” from the “Certificate of Deposit” menu.