Pacific Merchantile Bank is offering a 4.39% APY on their 12 month CD.
Submitted: Oct 4, 2008
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According to interest rate search engine RateZip.com, this is the most competitive interest rate on a 1 year CD in the nation, as of October 4, 2008. There is a minimum required deposit of $10,000 and the deposits are FDIC insured up to a maximum of $100,000.
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RateZip must not be very good than because WaMu/Chase, Corus Bank, Virtual Bank, Flagstar Bank, Bank United, and ELoan all have better 12 month rates with a $10,000 dollar or lower deposit.
Posted: Oct 4, 2008
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