Bank · FDIC insured
Mercantile Bank CD Rates
Mercantile Bank’s best CD rate is 3.95% APY on a 6-month CD. Terms run from 1 month to 5 years. Rates checked October 16, 2026.
How Mercantile Bank’s CD rates compare
Compared with banks and credit unions near Grand Rapids, MI, where Mercantile Bank has the most branches. $10,000, best rate first.
This bank’s best
Mercantile Bank
3.95%APY
- Term
- 6 months
- Minimum
- $500
- Earns on $10,000
- $196
Certificate of Deposit
Top rate
Ignite Credit Union
4.70%APY
- Term
- 15 months
- Minimum
- $50
- Earns on $10,000
- $591
2nd-highest rate
KCCU
4.45%APY
- Term
- 5 months
- Minimum
- $500
- Earns on $10,000
- $183
Mercantile Bank CD score
84
CD score
Higher than 65% of U.S. banks and credit unions
- 3–8 months3–8 mo3.95%
- 9–15 months9–15 mo3.95%
- 16–30 months16–30 mo3.60%
- 31–60 months31–60 mo3.03%
- QualifiedQualified3.95%
Each track runs from the lowest to the highest rate among U.S. banks and credit unions; the dot is this rate.Qualified: needs another account or monthly activity.
Where Mercantile Bank ranks
By CD score, in each area where it has branches
Every rate
Current CD rates
Rates from the bank’s website. Earnings assume the rate doesn’t change.
Certificate of Deposit
Up to 3.95%APY · 11 terms
Flexible maturities range from 1 month to 60 months. Automatic renewal standard. Interest calculated on daily balance. Subject to early withdrawal penalty.
| Term | APY | Earns on $10,000Earns |
|---|---|---|
| 1 month | 0.50% | $4 |
| 3 months | 2.01% | $50 |
| 6 months | 3.95% | $196 |
| 11 monthsOnline CD special | 3.95% | $361 |
| 12 months | 3.85% | $385 |
| 18 months | 3.60% | $545 |
| 24 months | 3.50% | $712 |
| 25 monthsOnline CD special | 3.50% | $743 |
| 36 months | 3.03% | $937 |
| 48 months | 3.03% | $1,268 |
| 60 months | 3.03% | $1,610 |
Sources (2)
All captured Oct 5, 2026
Flex Certificate of Deposit
3.24%APY · 1 term
Allows a one-time flex in the interest rate earned during the initial term. Interest calculated on daily balance and credited/compounded quarterly. Subject to early withdrawal penalty.
| Term | APY | Earns on $10,000Earns |
|---|---|---|
| 28 months | 3.24% | $772 |
Sources (2)
All captured Oct 5, 2026
Add-To Certificate of Deposit
2.75%APY · 1 term
Allows making deposits to the principal balance during the initial term. Interest calculated on daily balance and credited/compounded quarterly. Subject to early withdrawal penalty.
| Term | APY | Earns on $10,000Earns |
|---|---|---|
| 35 months | 2.75% | $823 |
Sources (2)
All captured Oct 5, 2026
Opening an account
Confirm the bank’s opening requirements and whether the account is available where you live. A nearby branch does not establish eligibility for every rate.