Bank in Grand Rapids, MIChecked Oct 10, 2026Updated
Mercantile Bank
- Best CD rate
- 3.24% APY for 28 months
- Accounts we track
- 10
Savings accounts
| Account | APY | Monthly fee |
|---|---|---|
| Mercantile MercClub Savings | – | – |
| Mercantile Student Savings | – | None |
Money market accounts
| Account | APY | Monthly fee |
|---|---|---|
| Mercantile Money Market | – | $12 |
Checking accounts
| Account | APY | Monthly fee |
|---|---|---|
| Mercantile Community Checking | – | $5.95 |
| Mercantile High Yield Checking | – | – |
| Mercantile MercPerks® Plus Checking | 1.00% | $8.95 |
| Mercantile MercStart Checking | – | $4.95 |
| Mercantile MercStart Fresh Checking | – | $4.95 |
| Mercantile Senior Community Checking | – | – |
CDs
Mercantile Bank CD rates: 1 CD, up to 3.24% APY for 28 months.
About Mercantile Bank
- Headquarters
- Grand Rapids, MI
- Regulator
- Federal Deposit Insurance Corporation
- FDIC certificate
- 34598 · FDIC BankFind record
- Federal Reserve RSSD ID
- 2608754
- Website
- mercbank.com
- Deposit insurance
- FDIC-insured, up to $250,000 per depositor, per ownership category. How much of yours is covered
From the FDIC's register of institutions. Rates and fees are on each account's page, with their sources.