Mercantile Bank PLC's announced fixed deposit rate for a one-to-two year deposit is 9.50–9.75% for August, 2026, as filed with Bangladesh Bank. It has been taking deposits since 1999.
| Tenure | Rate (% per year) |
|---|---|
| 3 to <6 months | 8.00–9.00% |
| 6 months to <1 year | 8.50–9.50% |
| 1 to <2 years | 9.50–9.75% |
| 2 to <3 years | 9.75% |
| 3 years and above | 10.00% |
Read from the bank's own page on 2026-09-12, effective 1 September 2026. Mercantile also prices by day count: 61–99 days 7.00% (7.50% at ৳1 crore+), 100–199 days 8.00%, 200–299 days 8.25%, 300–360 days 8.50%. Those beat the 3- and 6-month rates for money you can leave a little longer.
These are announced rates, not quotes. A bank prices a fixed deposit by how much you deposit and by whether you are a person or a company, so a range means the bottom is usually the ordinary retail deposit and the top usually needs crores or a named scheme. Interest is taxed at source at 10% if the bank holds your TIN and 15% if it does not, and deposit protection covers ৳2,00,000 per depositor per bank.
Check Mercantile Bank PLC's own page before acting: their rate card.
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