Best Bank Rates in FL
For the best bank rates in FL when it comes to Certificates of Deposit, one of the best rates is from Sunshine Savings Bank. They offer a very competitive rate of 2.40% APY on their 60 month CD. The minimum deposit is only $1000. The APY can increase to 2.65% APY if the amount deposited is above $50,000. The interest is compounded monthly on these CD’s and they are insured by the FDIC.
Another Florida bank with a good rate on money market and savings account is Landmark Bank of Fort Lauderdale. They are presently offering an APY of 1.66% with a minimum of $1000 deposit. This same financial institution also offers a 90 day CD with the same 1.66% APY rate. The minimum deposit required is $2,500. This bank is also affiliated with Giantbank.com. Through this the best bank rate on a 12 month CD is at 2.01% APY, with the same minimum of $2,500 required.
For an 18 month CD, the best bank rates in FL are from EverBank of Jacksonville. Their CD is presently returning a rate of 1.81% APY with a minimum deposit of $1,500. This same financial institution also has a great rate on their 24 month CD which is at 2.20% APY and a 30 month CD with an APY of 2.25%. Both of these require a minimum of $1,500 deposit.
These are just a few of the best bank rates in FL on September 25, 2009. There are nationwide banks with better rates but they are not based in Florida.
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Filed under: Best Bank Accounts, Certificates of Deposits, Money Market Accounts, Online Banks
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