Mercantil Commercebank believes that savings are an important part of developing a solid financial foundation. Whether you're saving for a dream vacation, a down-payment on a home, or a secure retirement, Mercantil Commercebank can help. That's why we offer a range of savings accounts and CDs that earn competitive rates. From a basic savings account designed for youngsters, to an IRA designed to help you plan for your child's educational needs, at Mercantil Commercebank you can plan for a secure future knowing your savings are safe and insured by the Federal Deposit Insurance Corporation (FDIC). For more information on what FDIC covers, click here.

Savings
With Mercantil Commercebank, setting aside money for that special purpose like buying a home, a car or even saving for your daughter's wedding is easy. For starters you can begin with a low minimum initial deposit, and once your savings grow, you can opt to transfer these funds into a higher-yielding Money Market or Certificates of Deposit.
Account Information and Fees


Looney Tunes™ Savings
This is a savings account designed especially for kids between the ages of 5 and 18. Its purpose is to get youngsters in the habit of saving early in life — a habit that will be of great use to them throughout their lives. With a small minimum, your child can be on the way to learning about the importance of savings along with Bugs, Sylvester, Tweety and Taz.
Account Information and Fees


Regular Money Market
Our Regular Money Market offers a competitive rate for those who are able to maintain the required minimum daily balance and limit their number of transactions. With this account you can earn an attractive rate of interest while enjoying the liquidity of your money. You'll also be able to maximize your return by taking advantage of our tiered account structure as your balance increases.
Account Information and Fees


Money Market Plus
With our Money Market Plus you can earn a premium rate while still enjoying ready access to your funds. For those wishing to set aside a higher balance and limit their number of transactions, this account grants true earning power and the flexibility to earn higher rates depending on your balance! The more you save, the more you earn!
Account Information and Fees


Coverdell Education Savings
Allowing you to save with potential tax exempt withdrawls, the Coverdell Education Savings, as passed under the Taxpayer Relief Act of 1997, is another great way to set aside money for a child's education. This program allows for annual, non-deductible contributions of up to $2,000 per child, for any child under the age of 18.

• Non-deductible deposits of $2,000 per year per related child
  
• Earnings accumulate tax-free for qualified education expenses
  

Certificates of Deposit
The stock market isn't for everyone. For those who want a guaranteed rate of return, safety and peace of mind, the answer is a Mercantil Commercebank Certificates of Deposit. Mercantil Commercebank offers a variety of CDs with a minimum investment of $1,000, and with terms ranging from 7 days to 5 years.

These deposits are insured by the Federal Deposit Insurance Corporation (FDIC).
Account Information and Fees


Liquid Growth CD
Our new Liquid Growth CD tiers four CDs in one, so your investment is staggered over time with a higher return. That means you enjoy unmatched liquidity, with funds available as soon as every three months, plus weighted returns that beat other guaranteed savings deposit vehicles.
Account Information and Fees

NOTE: Refer to the Bank's Personal Account Fee Schedule for applicable service charges. Early withdrawal penalties apply.

Rev.: April, 2007 | Back to top