Pacific Mercantile Bank CD Rates and Financial Information
Pacific Mercantile Bank Main Address and Contact Information
949 South Coast Drive, 3rd. Floor
Costa Mesa, California 92626
Pacific Mercantile Bank FDIC Certification Number
Pacific Mercantile Bank
Rating: (2 out of 5)100
Notes: #1 Comml Bank/Assets HQu2019d in Orange Co CA per OC Business Journal
Pacific Mercantile Bank CD Rates
Rates Updated: 02/16/2015
Articles Related to Pacific Mercantile Bank
Both Average and Best Certificate of Deposit Rates Increase
The good news for CD rates continues, average certificate of deposit rates and the best CD rates moved higher this week. A few banks and credit unions increased shorter term CD rates, this move sent average 1 year and 2 year rates higher. Read more...
Unemployment Report Falls to 5.8% are Higher CD Rates on the Way?
Another economic report was released this morning showing an economy continuing to recover. This recovery process will eventually force CD rates higher. The Labor Department just released non-farm payrolls showing that 214,000 jobs were created in October, slightly lower than forecasts of 231,000. The unemployment rate fell from 5.9 percent to 5.8 percent, which is the lowest point in six years. The number of jobs created were slightly lower than forecast but the recovery remains intact. Read more...
Best CD Rates This Week as Higher Rates Sooner Than Later a Possibility
CD rates were mixed this week as Federal Reserve Chairperson, Janet Yellen, hinted that interest rates could be increased sooner than later. Janet Yellen testified before the Senate Banking Committee recently and basically said if the unemployment rate falls further, the Fed might have to raise rates sooner than thought. Read more...
Banks Raising CD Rates: Best Rates July 5, 2014
More and more banks are starting to increase the rates they pay on certificates of deposit. The increases are not large or widespread but nonetheless moving higher. Any across the board increase will have to wait until the Federal Reserve Bank increases the federal funds rate. Listed below are the highest CD rates this week for certificates of deposit with terms of 3 months to 5 years. Read more...
Year Ending 2013 List of the Best CD Rates
Ending 2013, some banks are increasing long term CD rates to compete with higher long term bond yields. For the past three months of 2013, about half a dozen banks have increased long term CD rates on our rate list. The same can't be said for shorter term CD rates because shorter term bond rates haven't increased and the Federal Reserve hasn't increased the federal funds rate. Read more...
Best Short Term Bank CD Rates December 9
Below is a list of the best CD rates for this week for short term certificates of deposit. I recommend staying invested in shorter term CDs because interest rates are moving higher in 2014. Don't lock into a long term CD account now and miss out on higher CD rates in the near future. Read more...
CD Rate Report November 29, 2013
You might have seen this headlines this past week that some banks are considering charging depositors for deposits. Banks are considering this, threatening if you ask me, because the Federal Reserve has mentioned cutting the 0.25 percent rate of interest on the $2.4 trillion in reserves banks hold at the Federal reserve. CD rates remain stable in this week's report, no big changes in average rates and the best CD rates available. Read more...
Compare Pacific Mercantile Bank's CD Rates With Other Bank Rates Below
Pacific Mercantile Bank Financials