How would you like to be a part of one of the most trusted institutions in the nation? Wouldn’t it be great for you to earn an attractive 1.55% APY just in time for Spring? If so, then the current promotion from Mercantil Bank is a great option for you, if you are a resident of Florida and Texas. With a new Money Market Account, all you would have to do is provide a deposit tier of $25,000 or more! Once you have met the deposit requirement, you could be well on your way to enjoying both the rate and a host of features to better your banking experience! For those that are currently interested, be sure to head on over to your local branch today to see why so many has trusted the bank for all their banking and savings needs!
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Mercantil Bank Account Summary:
- Apply Now
- 1.55% APY:
- Account Type: Money Market Account
- Rate: 1.55%
- Availability: FL, TX (branch locator)
- Expiration Date: None
- Soft/Hard Pull: Hard Pull or Soft Pull Let us know!
- Direct Deposit Requirement: None
- Additional Requirements: Listed below
- Avoid Monthly Fee: None
- Early Termination Fee: None
Mercantil Bank Fine Print:
- Advertised rate vary depending on states for accounts opened at a Mercantil Bank Banking Center location.
- Rates are subject to change without notice.
- This is a tiered rate account and the rate of interest depends on the balance in the account
| Balance Requirement | APY Rate |
| $500,000 and over | 1.55% APY |
| $250,000 – $499,999.99 | 1.55% APY |
| $100,000 – $249,999.99 | 1.55% APY |
| $50,000 – $99,999.99 | 1.55% APY |
| $25,000 – $49,999.99 | 1.55% APY |
| $10,000 – $24,999.99 | 0.65% APY |
| $5,000 – $9,999.99 | 0.25% APY |
| $100 – $4,999.99 | 0.20% APY |
*Annual Percentage Yield (APY) is accurate as of 03/05/2018.
Mercantil Bank Account Features:
- Telephone banking
- Full access to your money anytime
- Attractive and competitive rate
Conclusion:
If you are in the market for a new Money Market Account and are able to provide the $25,000 minimum to receive the rate, then the current promotion from Mercantil Bank is the one for you! With the promotion, you are able to enjoy all the great features you would expect from the bank as well as being able to earn one of the highest APY rate available. Additionally, you will be able to understand why the bank has been consistently ranks among on the highest in the nation! However, if you are not currently interested, be sure to check out our list of Best Rates for all your banking needs!
