Available for Florida and Texas residents, Mercantil Bank is offering 1.55% APY when you open a Money Market account. Simply have a deposit of $100 or more to open your account and then have at least $25,000 in the account to enjoy the 1.55% rate. To those new to Mercantil Bank, a complimentary starter kit is provided at account opening to help guide you through the process and learn some more about their Money Market account. If you are interested and qualify, apply online today!
Table of Contents
Mercantil Bank Account Info:
- Sign up Offer
- Account Type: Money Market Account
- Interest Rate: 1.55%
- Minimum Balance: $25,000
- Maximum Balance: $500,000
- Availability: FL, TX (Bank Locator)
- Expiration Date: None
- Credit Inquiry: Hard pull or soft pull? Let us know
- Opening Deposit: $100
- Credit Card Funding: Unknown. Let us know
- Direct Deposit Requirement: None
- Monthly Fee: $25 monthly fee can be waived by maintaining $5,000 per statement cycle OR by having a $25,000 combined monthly average balance in other deposit or loan accounts
- Additional Requirements: Customer must be a citizen or resident alien of the U.S.
- Early Termination Fee: None
- Insured: FDIC
How to Earn Mercantil Bank Rates:
- Open a Money Market Account from Mercantil Bank with an opening deposit of $100.
- Input your info – Provide your name, address, phone, email and social security number or Tax ID.
- Fund the account – Transfer funds electronically from an internal account here or an external account at another bank.
- Maintain a minimum balance of $25,000.00, enroll in online banking, and agree to electronic-only statements.
|Balance Requirement||APY Rate|
|$25,000 to $500,000||1.55% APY|
|$10,000 to $24,999.99||0.65% APY|
Why You Should Sign Up For This Account:
- Interest is compounded monthly
- Easily waive the $25 fee by maintaining the balance per statement with your opening deposit
- Complimentary starter kit provided at account opening
- FDIC insures your funds so you can have one less thing to worry about
Check out this offer from Mercantil Bank. When you open a Money Market account you can earn a 1.55% APY! This rate is great for balances between $25,000-$500,000. Take advantage of the services they have to offer along with these savings. It takes just minutes online, so open an account today! Let us know about your experience with this bank and comment below. For more bank offers, see the complete list of Best Bank Rates!
The Chase Freedom Unlimited® Card offers a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening. Earn unlimited 1.5% cash back on all purchases.
There is no minimum to redeem for cash back & your cash back rewards do not expire as long as your account is open.
This card comes with no annual fee and you'll get a free credit score that is updated weekly with Credit JourneySM.