It appears that a branch visit is required to open new accounts. Branches are located throughout Florida including the cities of Jacksonville, Saint Augustine, Gainesville, Lake City, Ocala, Orlando, Kissimmee, Tampa, St. Petersburg, West Palm Beach, and Fort Lauderdale. Be sure to verify this special CD with your local branch.
Mercantile Bank is the Florida banking division of Carolina First Bank which has been FDIC insured since 1986 (FDIC Certificate # 26849). Carolina First Bank has a 3-star rating (adequate) at BauerFinancial based on 3/31/08 data.
Other High Certificate of Deposit Rates
This 4.70% APY for a 24-month CD is 20 basis points above the top rates of my best nationwide 24-month CD list. KeyDirect is still offering 4.50% APY for a 23-month CD (not all states), and Wachovia is still offering a 4.50% APY 24-month Featured CD. From my best 12-month CD list, both WaMu and Wachovia are offering 4.25% APY.