California based Pacific Mercantile Bank has lowered earnings potential of their Premium Interest Checking account rates to 2.00% since our last checking interest rate report in May. Some terms to qualify for the new checking account rate include:
- Applies on balances between $1,500 and $100,000
- Minimum opening balance is $100
- Checking account rate only applicable on personal checking accounts
- Minimum transactions and other requirements apply
- Balances that drop under $1,500 earn a 0.40% APY rate
- FDIC insured
Accounts must be opened in person at local branch locations to qualify for the checking account rate. Pacific Mercantile Bank has multiple locations throughout Southern California including branches in Beverly Hills, Costa Mesa, La Habra, La Jolla, Long Beach, Newport Beach, San Juan Capistrano and Ontario.
Other Terms and Conditions may apply. Additionally, rates may have changed since this offer was posted. Please contact the financial institution for the most recent rate updates and to review the terms of the offer.
