Eurobank is a Florida based bank that is state chartered bank and member of the Federal Deposit Insurance Corporation (FDIC).  Eurobank is a locally operated bank that serves the communities in South Florida.  EuroBank was established in 1991and currently has three bank branches located in Coral Gables, Boca Raton and Pompano Beach, Florida.

Eurobank offers a wide assortment of deposit and lending products to serve the local and international segments of the South Florida banking market.  Savings products offered the bank include NOW accounts, savings accounts, money market accounts and certificates of deposit with competitive Florida CD rates.

EuroBank’s Now Account is an interest bearing checking account.  The banks’ money market account is also an interest bearing account that offers a tiered interest rate earnings schedule with higher rates for larger balances.  The savings account allows savers to invest and hold their funds at a competitive rate without a monthly fee.

Certificate of deposits (CDs) at the bank are established to have competitive CD rates in Florida that earns a fixed interest rate that is generally higher than interest paid on other savings vehicles and demand accounts at the bank.

Current Florida CD rates and terms offered by the bank include:

1 – 3 month term bank CD rate is 0.70%  
4 – 6 month CD rate is 0.95%  
7-12 month CD interest rate 1.25%  
13 – 24 month term bank CD rate 1.30%  
25 – 48 month CD rate 1.40%  
49 – 60 month CD interest rate 1.50%  
Special liquid Florida CD rate of 1.80%

A $1,000 minimum deposit is required to open the bank CDs and earn the stated Annual Percentage Yield.  Bank CD interest earned is compounded monthly; the earned interest can be paid check or transferred to a bank account.

There is a penalty for early withdrawal from the CD accounts that follows the ensuing schedule: for bank CDs with maturities of 12 months and less, the early withdrawal penalty is 90 days worth of interest and for bank CDs with maturities greater than 12 months, the early withdrawal penalty is 180 days worth of interest.

Bank rates and CD rates in Florida offered by Eurobank are subject to change and additional conditions may apply to open these bank accounts.  For further information about the bank CD rates in Florida and any CD rate specials, contact a bank customer representative at (305)350 1100, (954)784-9650 or (561)750-9999.

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