Pacific Mercantile Bank Savings Accounts

Investments and savings have become as necessary as earning. One needs to prepare for tackling the odds and evens of life. If you are already saving some % of your salary then you can grow your savings. Pacific Mercantile Bank brings you the opportunity to multiply your money with a Money Market Account. There are different versions of Money Market Account, and you may opt for the one that suits your investment plan.

Personal Basic Money Market:
The minimum balance to open this account is $2,500.00:
A balance of $2,500 – $24,999.99 earns 0.20% interest, 0.20% APY.
A balance of $25,000 – $49,999.99 earns 0.25% interest, 0.25% APY.
A balance of $50,000 – $99,999.99 earns 0.40% interest, 0.40% APY.
A balance of $100,000 or above earns 0.95% interest, 0.95% APY.
* The above rates are accurate as of 5/20/2008.

Personal High Performance Money Market:
The minimum balance to open this account is $10,000.00:
A balance of $10,000 – $99,999.99 earns 1.03% interest, 1.03% APY.
A balance of $100,000 – $249,999.99 earns 1.13% interest, 1.14% APY.
A balance of $250,000 – $499,999.99 earns 1.38% interest, 1.39% APY.
A balance of $500,000 – $999,999.99 earns 1.53% interest, 1.54% APY.
A balance of $1,000,000 or above earns 1.80% interest, 1.81% APY.
* The above rates are accurate as of 5/20/2008.

Personal High Performance Money Market Savings:
The minimum balance to open this account is $25,000.00:
A balance of $25,000 – $99,999.99 earns 1.07% interest, 1.08% APY.
A balance of $100,000 – $249,999.99 earns 1.55% interest, 1.56% APY.
A balance of $250,000 – $499,999.99 earns 1.95% interest, 1.97% APY.
A balance of $500,000 – $999,999.99 earns 2.06% interest, 2.08% APY.
A balance of $1,000,000 or above earns 2.35% interest, 2.38% APY.
* The above rates are accurate as of 5/20/2008.

Features of the Money Market Account(s):
@ Monthly Service Charges apply if the balance falls below the ‘minimum opening amount’ balance.
@ Free unlimited deposits
@ Up to six withdrawals are allowed per month
@ Transfer funds to and from this account Online
@ Email Alerts are sent when your balance falls below or rises above the amount you specify
@ FDIC Insured

The facility for Online Banking is provided for free. You may easily open your account via this page: https://www.pmbank.com/OpenPersonalAccount.aspx. For any assistance you can email: Operations AT pmbank.com or call their toll free number (866) 450-5600.