5.23% 5-yr / 4.92% 18-mo CDs at a CA Bank.

Pacific Mercantile Bank continues to have very high rates on CDs with terms of one year and longer. I had first posted on this bank on January 4th. Since then, it has already increased rates on its 1-year and 18-month CDs. Here's a list of the current rates:

Term        APY
12 month    4.76%
18 month    4.92%
24 month    4.92%
36 month    4.97%
60 month    5.23%

The bank has 8 California branches. However, it looks like you can open a CD from any state by phone or online/mail.

Thanks to a commenter, I took notice of the bank's high rate of 5.23% APY on its 5-year certificate of deposit. The highest 60-month CD rate listed at Bankrate.com is only 5.10% APY at Assurance Partners Bank of Bethesda, Maryland. It's interesting to note that Bankrate.com listed Pacific Mercantile with the top 1.5 and 2-year CDs but didn't list it with the top 1, 3 and 5-year CDs.