Best CD Rates Florida, Who Do You Believe

Many sources for bank rate information rate bank CD rates differently.  Most web sites that rate bank CD rates, rate only national banks.  If the term “CD rates” is searched on the internet the top results are frequently sites that merely rank national banks or banks that predominantly offer CDs over the internet.  A quick glance at some of these sites shows not one bank in Florida offering a CD rate at or above an interest rate of 2.50% APY.  A more thorough investigation into the best CD rates would expose a consumer to the following banks in Florida that offer CD rates above 2.50% and are not found on these main stream bank rate sites.

Community Southern Bank offers a 3 Month CD with an interest rate of 3.00% APY.
There is a required opening balance of $1000.00 to open this bank CD.

Community Southern Bank is headquartered in Lakeland, Florida.  Community Southern Bank obtained its charter and opened on August 28, 2006.  The bank has two bank branches in Lakeland and Bartow, Florida.  Even though this is a community bank, the bank has all the conveniences of bigger banks, like online banking, free access to thousands of ATMs and online check ordering.  For consumers, your bank account will be credited with your deposits any time even up to closing; there are no early cutoff times to worry about.  And for businesses, the bank has a courier service that will pick up deposits so the business doesn’t have to spend valuable time away from their customers.

The bank web address is www.communitysouthernbank.com.  The toll free phone number for the bank is 888-245-2265.
The Bank of Commerce offers a 3 month CD with an interest rate of 2.75% APY. 

The Bank of Commerce is an independent, community bank providing a full range of personal and business banking services.  The bank opened in 2000.  The Bank of Commerce has three; full service banking locations, two in Sarasota County and one in Manatee County at Lakewood Ranch.  The bank offers standard consumer bank services such as; checking, savings, money market accounts, IRAs, CDs, consumer loans, commercial loans, residential mortgage loans as well as cash management services for businesses.

The phone number for the Bank of Commerce is 941-373-0522.  The web site can be found at www.bankofcommercefl.com.
Florida Bank of Jacksonville is offering a 3 month CD that has an interest rate of 2.50% APY.
The minimum opening deposit is $1,000.00 to obtain this CD rate.

Florida Bank of Jacksonville is headquartered in the heart of downtown Jacksonville. Founded in 2004, Florida Bank of Jacksonville is the newest bank in North Florida. Part of the Florida Bank Group, Inc. Florida Bank of Jacksonville has approximately $160 million in total assets and operates a banking office in downtown Jacksonville and a banking office in Ponte Vedra Beach. Florida Bank Group, Inc. is a bank holding company headquartered in Tampa, Florida, which currently conducts banking operations through four wholly-owned subsidiaries: the Bank of St. Petersburg, The Bank of Tallahassee, Florida Bank of Jacksonville, and Florida Bank of Sarasota.

The bank web address is www.floridabankofjacksonville.com.  The bank can be reached by phone at 904.446.1940.

Tags: 3 month CD rates, Banks, best CD rates, CD rates, CD rates Florida, rates

This entry was posted on Monday, January 19th, 2009 at 12:07 am and is filed under Money Rates. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.