10accounts we track

  • Savings2
  • Money market1
  • Checking6
  • CDs1

Bank in Grand Rapids, MI

Mercantile Bank

FDIC-insured · certificate 34598

Savings, money market, checking and CDs, with every rate from Mercantile Bank’s own pages and every rank against the accounts we track.

Checked Nov 1, 2026Updated

Best CD rate
3.24%APY for 28 months

Every account we track

Accounts and rates

Savings and money market

A year on $10,000, after fees
Mercantile MercClub SavingsSavings account · $1 to openNot stated—Not stated
Mercantile Student SavingsSavings account · $25 to openNot stated—None
Mercantile Money MarketMoney market account · $25 to openNot stated—$12 a month

Checking

Against 1043 checking accounts
Mercantile Community CheckingChecking account · $25 to openNot stated#236$5.95 a month
Mercantile MercStart Fresh CheckingChecking accountNot stated#518$4.95 a month
Mercantile MercStart CheckingChecking account · $25 to openNot stated#527$4.95 a month
Mercantile High Yield CheckingChecking accountNot stated#656Not stated
Mercantile MercPerks® Plus CheckingChecking account · $25 to open1.00%#810$8.95 a month
Mercantile Senior Community CheckingChecking accountNot stated—Not stated

Flex Certificate of Deposit, by term

$500 to open
28 months3.24%—

A dash: a term we don’t rank. All Mercantile Bank CDs

Against the market

How Mercantile Bank ranks

Where each ranked account sits on our list for its kind. Further right is higher on the list.

  • Mercantile Community CheckingChecking account#236 of 1043
  • Mercantile MercStart Fresh CheckingChecking account#518 of 1043
  • Mercantile MercStart CheckingChecking account#527 of 1043
  • Mercantile High Yield CheckingChecking account#656 of 1043
  • Mercantile MercPerks® Plus CheckingChecking account#810 of 1043

Savings and money market accounts rank by a year on $10,000; checking by a year for an everyday customer; CDs by a year on $10,000 at each term.