The best CD rates in Florida were down modestly for the week ending October 9, 2009. The CD rates changes amounted to less than one basis point or 1/100 of a percent for any specific maturity.
Short term, six month CD rates in Florida fell by one basis point for the week. The average of the best six month CD rates moved from an average of 2.04% to 2.03% to close the week. The best six month CD rate in Florida was unchanged however. The highest six month rate continues to be a product of First Federal Bank of North Florida which offers a promotional odd term CD that has seven month term and 2.15% yield.
The best one year CD rates in Florida remained unchanged week over week. The average of the best one year CD rates remains at 2.35%. The highest one year Florida CD rate is promoted by First national Bank of Crestview which offers a one year CD with an interest rate of 2.50%.
Two year CD rates in Florida were down for the week. The average of the best two year CD rates in Florida moved lower by one basis point. The one basis point drop brought the two year yield down from 2.63% to 2.62% this week. The highest bank rate in the two year term comes from Shamrock Bank of Florida where a two year CD rates comes in at 2.80%.
The average of the best five year CD rates in Florida was unaltered for the week. The average five year CD rate stood at 3.54% again this week. The highest five year Florida CD rate can be found at Fidelity Bank of Florida which markets at five year CD rate of 3.75%.
Florida CD rates continue to beat the best national rates. All of the best Florida bank rates are handily beating the best national rates. In addition, the depth of the highest CD rates remains surprising strong in light of the drop in rates on both the national level and among the states where the banks are promoting the highest rates.
The average of the best CD rates in Florida fell for the week ending September 18, 2009. All bank CD terms experienced a drop in average yield with the exception of the six month CD rates which were unchanged for the week.
The average of the best six month CD rates in Florida held firm at 2.05%. The best six month CD rate in Florida can be found at two Florida banks, First Federal Bank of North Florida and Gulf Coast Community Bank. First Federal Bank of North Florida offers a 2.15% rate on a seven month term while Gulf Coast promotes that same interest rate on a six month term.
The best one year CD rates in Florida did not fare as well as the shorter six month term and dropped four basis points or 4/100 of a percent on the average yield for the week. The average of the best one year CD rates now stands at 2.36%. As of Friday, First National Bank of Crestview was the term leader with a one year CD rate at 2.50%. Southern Commerce Banks has a 15 month CD with an interest rate that is not far behind at 2.40%.
Two year CD rates in Florida were also down for the week. The best two year CD rates in Florida fell by four basis points as well bringing the average yield down to 2.58% from last week’s average of 2.62%. IBERIA BANK leads in the two year term with an interest rate set at 2.70%. Beach Community Bank is the runner up with an odd term CD with a 25 month maturity that as an interest rate of 2.65%.
The average of the best five year CD rates in Florida absorbed the greatest loss in yield. The average five year CD rate was pushed down to 3.48% from the prior week’s 3.54% average interest rate. The highest five year CD rate once again comes from Fidelity Bank of Florida. Fidelity Bank of Florida offers a five year CD rate at 3.75%. The next best five year can be found at Florida Traditions Bank which offers a five year CD rate of 3.51%.
CD rates in Florida moved lower along with the national rates this week. The average of the best CD rates in Florida remain above the national averages, however that spread is narrowing.
The average of the best 6 month CD rates in Florida now stands at 2.01%. This average includes the highest CD rate in Florida for this term category that has a nine month maturity. Without that outlier, the average for the highest 6 month CD rates drops to 1.93% which remains the above the national averages by seven basis points or 7/100 of a percent.
The best one year CD rate in Florida average shrank to 2.35% to close the week, measurably higher than the national average CD rates for that term of 2.07%. The two year CD rate average in Florida has stabilized at 2.59% while the best five year CD rates in Florida now sit at 3.54%.
The six month term CDs was led by the nine month term CD of Peoples National Bank which offers an exceptional 2.40% with a minimum $10,000.00 balance. The best one year CD rates and two year CD rates in Florida are dominated by a Georgia bank with a location in Jacksonville. Atlantic Southern Bank has a 13 month promotional CD rate at 2.55% as well as a 23 month CD with an interest rate of 2.80% to lead both categories.
The best Florida CD rate with five year term is promoted by Fidelity Bank of Florida. Fidelity Bank markets a five year CD rate of 3.75% with a minimum deposit of $10,000.00. Fidelity Bank has locations in Merritt Island, Longwood and Port Richey. Beneath this offer, there are more than a few banks in Florida with rates at 3.50% that can be found with locations across the state.
CD rates in Florida moved lower for the week along with most state bank rates as well as the national bank CD rates. The drop in the short term rates was very modest, the average for six month CD rates in Florida was down to 2.29% down from last weeks average bank CD rate of 2.30%. The average rate for the top one year CD rates took a much larger hit. The average of the best one year CD rates in Florida shifted down from last week’s average of 2.55% to 2.40% this week.
The mid term bank CDs, bank CDs with a two year term, were unchanged for the week. The average of the best two year CD rates in Florida held at 2.86%. The longer term CDs, those with a five year term, were down moderately fro the week. The five year CD rates averaged 3.87% this week, down from last week’s average of 3.89%.
Two Florida banks lead the six month CD rates in Florida. Atlantic Southern Bank offers a seven month CD that has an interest rate of 2.55% while TotalBank promotes the same rate on six month term. The one year CD rates in Florida are led by First Community Bank of SouthWest Florida with a rate of 2.55%. Following that CD rate is the one year CD of Haven Trust Bank that yields 2.50%. The best national bank CD rate on a six month term is as 2.05% while the best one year CD rate is at 2.38%.
In the two year CD term, Heritage Bank of Florida has an interest rate of 3.05%. Five basis points lower is the two year CD from First City Bank that has an interest rate of 3.00%. Three Florida banks have CD rates at 4.00% or above which is 20 basis points above the best national bank rate. Urban Trust Bank has a five year CD rate of 4.50% and both First City Bank and Fidelity Bank of Florida market five year CDs with interest rates at 4.00%.
Florida CD investors were spared the discomfort of watching lower CD rates that was seen by most CD investors across the nation. CD rates on average trended lower again this week for nationally available bank CD rates as well as for most regional and local bank rates. Florida bank CD rates were one notable exception in which all terms showed an increase in the average rate. The average for the top six month CD rates increased from 2.26% to 2.29%. One year CD rates in Florida were improved even more, leaping from an average of 2.49% to 2.55% for the week. Florida CD rates with a two year term increased by less than .01% with an average rate of 2.85%. Five year CD rates ticked up one basis point to reach 3.88% by the end of the week.
Atlantic Southern Bank and TotalBank continue to lead the six month CD rates category with rates at 2.55%. Atlantic Southern Bank offers this rate on an odd term, seven month CD while TotalBank presents the rate on a six month term. Both of these Florida bank rates are above the best national rate for this term. Five basis points lower is the eight month, odd term CD of Premier American Bank with a six month CD that yields 2.50%.
The best one year CD rates available nationally fell for the week, increasing the spread between the highest rates in Florida and those available nationally. The highest one year CD rate in Florida continues to be offered by Atlantic Southern Bank on a 13 month term with an interest rate of 2.80%. Urban Trust Bank follows with a one year CD that earns a rate of 2.75%. Rounding out the top three Florida banks that beat the national rates is TotalBank with their one year CD rate of 2.55%.
The top two bank rates in Florida with a two year term are also upstaging the best national rates. Heritage Bank of Florida is the term leader with two year CD at 3.05%. First City Bank is first runner up with a two year CD that has a rate of 3.00%. The average of the best two year CD rates in Florida is almost ¼% above the best national rate average.
In the five year term category, Florida has three banks that are offering CD rates at or above 4.00%. The lowest rate on the list has an interest rate of 3.60%. Urban Trust Bank is the perennial leader with a five year CD that yields 4.50%. The top three banks include First City Bank and Fidelity Bank of Florida which both promote five year term CDs with an interest rate of 4.00%.
CD rates in Florida were modestly lower for the week of June 5, 2009. The six month CD rates made a fairly substantial drop off, declining 15 basis points or 15/100 of a percent for the week to end at 2.26%. This drop was almost entirely do to the elimination of one bank’s promotional CD rate and the reduction in another. The highest six month CD rate, at 2.60% from Atlantic Southern Bank, remains above the best national rates. The next best six month CD rate, 2.50% from Bank Premier, surpasses the vast majority of six month CD rates available in other regions.
The best one year CD rates in Florida fell for the week from last weeks average of 2.51% to 2.49%. Since this week experienced some substantial reductions in the national bank rates, the highest two year CD rates in Florida continue to beat the national rates. The best two year CD rate continues to come from Atlantic Southern Bank with an interest rate of 2.85%. Urban Bank Trust also beats the national rates with a one year CD rate of 2.75%.
The best two year CD rates increased for the week from a start of 2.82% to end the week at 2.85%. The highest two year CD rates were predominantly unchanged; the increase in the averages came from added depth to the list. The best two year CD rate remains with Heritage Bank of Florida at 3.05%. First City Bank’s two year CD is five basis points lower at 3.00%. Both of these top bank rates continue to beat the best national rates.
Florida CD rates with a five year term continue to shine and outpace the best national rates as well as other regional rates. For the week, the average of the best five year CD rates remained unchanged at 3.87%. Urban Trust Bank continues to promote their five year CD rate of 4.50%, well above the national rates and regional rates. The next best five year CD rate is at 4.00% and is available at First City Bank and Fidelity Bank of Florida. Finding a 4.00% yield, even with rising Treasury rates, in bank CDs is a difficult chore in this market.
Florida CD rates were higher across the board on the best rates available for the week ending May 29, 2009 with the one exception of the one year CD term. The best bank CDs in Florida offer some the highest CD rates available across the nation.
The best six month CD rate is well above the best national rate standing at 2.65% and can found at Sunshine Savings Bank as well as Atlantic Southern Bank. All but one of the top six month CD rates is above the best national rates. The average for the six month CD rates in Florida rose from 2.31% to 2.41%.
The rate for the best one year CD rate in Florida was unchanged for the week but the average of the highest CD rates in this term fell four basis points or 4/100 of a percent from 2.55% to 2.51%. The top CD rate is a produced by Atlantic Southern Bank on their promotional 13 month CD at 2.90%. Urban Trust Bank offers the next best rate at 2.75%, just under the highest national bank CD rate of 2.80%.
A search for the best two year CD rates in Florida leads to three banks that meet or beat the best national rates. Heritage Bank of Florida is the leader in this term with a two year CD that has an interest rate of 3.05%. First City Bank follows with a two year CD rate of 3.00%. Urban bank and Trust rounds out the top three banks with a two year CD that yields 2.85%.
The search for the best five year CD rates in Florida also showed three banks with rates above the best national bank CD rates available. Urban Trust Bank continues its rate dominance with a five year CD at 4.50%. First City Bank and Fidelity Bank of Florida are a full ½ of a percent lower with five year CD rates of 4.00%. The average of the highest rates for this term jumped from 3.79% to 3.87% for the week.
Certificate of deposit rates in Florida dropped on average for the week ending May 22, 2009 however the best CD rates were predominantly unchanged. All bank CD term categories in Florida continue to surpass the best national rates.
The best six month CD rate in Florida continues to be promoted by Atlantic Southern Bank with a rate of 2.65% on a seven month term. The average of the highest six month CD rates received a boost with the new eight month CD of Bank Premier that yields 2.50%. Atlantic Southern Bank also leads the one year tern CDs with an odd term, 13 month CD that has an interest rate of 2.90%. The next best one year CD rate comes from Urban Trust Bank with an interest rate of 2.75%.
The highest two year CD rates are identical to the previous week. Heritage Bank of Florida is the term leader at 3.05%. This CD rate is followed by Urban Trust Bank with an interest rate of 2.85% on their two year CD. The highest five year CD rates remain in place as well with a small reduction in the average for the best five year CD rate due to the drop off of Fidelity Bank which previously marketed a five year CD at 4.00% and has reduced the rate to 3.00%. The best five year CD rate belongs to Urban Trust Ban k at 4.50%, well above the competition nationwide. The second best CD rate continues to be held by Fidelity Bank of Florida at 4.00%.
The best CD rates in Florida moved up appreciably on the short term rates and remained stable on the longer term rates for the week ending May 8, 2009. All of the best bank rates with the exception of the one year term are handily beating the best national CD rates.
The highest CD rate in the six month category is a seven month promotional CD offered by Atlantic Southern Bank with an interest rate of 2.65%, well above the best national rate of 2.26%. Only ten basis points or 10/100 of a percent behind this rate is TotalBank’s six month CD with a rate of 2.55%. AmTrust Bank’s six month CD, that once led this group, is now in third position with an unchanged rate of 2.35%. Five basis points behind this offer is Trustco Bank with an eight month CD that yields 2.30%. Fidelity Bank is another five basis points back with a six month CD that earns a rate of 2.25%.
The highest one year CD rate in Florida continues to be offered by Urban Trust Bank at 2.75%. This trails the best national CD rate promoted by GMAC Bank at 2.80%. Ten basis points behind Urban Trust’s CD is Beach Community Bank with an odd month CD that matures in 13 months and has an interest rate of 2.65%. Ten basis points further back are the one year CDs of TotalBank and BankUnited that have an interest rates of 2.55%. Fifth Third Bank follows with an 18 month CD that earns a rate of 2.53%. The list wraps up with Fidelity Bank which has a one year CD rate of 2.50%.
The best two year CD rate in Florida is firmly ahead of the best national rate. Heritage Bank of Florida leads the two year CDs with an interest rate of 3.05%. Urban Trust Bank holds the number two spot with a two year CD rate of 2.85%. Two Florida banks, Bay Cities Bank and Fidelity Bank, are ten basis points back with two year CDs that yield 2.75%. Intervest National Bank and Atlantic Coast Bank wrap up the top two year CD rate list with certificates of deposit that earn 2.65%.
The best five year CD rate in Florida remains one of the best five year CDs available anywhere. Urban Trust Bank continues their offer of a five year CD with an interest rate of 4.50%. This rate is well above the competition with Fidelity Bank of Florida the next closest five year CD rate of 3.75%. Intervest National Bank follows with a five year CD that has a rate of 3.66%. Five basis points lower is Florida Traditions Bank five year CD with a yield of 3.61%. Rounding out the top five year CD rates is Fifth Third Bank at 3.53% and Bay Cities Bank at 3.50%.
The best Florida CD rates lost ground to the best national CD rates. The best six month CD rate in Florida has dropped noticeably down to 2.35%. This rate is being offered by AmTrust Bank on their six month CD. While the best six month CD rates in Florida declined, the best CD rates nationally inched up slightly. Amtrust now has the only six month CD in Florida that exceeds the best national rate of 2.32%. The next spot remains tight with the six month CD of Atlantic Southern Bank promoting an interest rate of 2.30%. Peoples National Bank follows with an eight month CD that yields 2.25%. Urban Trust Bank’s six month CD is ten basis points behind this figure with a rate of 2.15%.
The best one year CD rate has also dropped down measurably and now falls short of the best national rate offered by GMAC Bank at 2.80%. The highest one year CD rate in Florida is a product of Urban Trust Bank and has a rate of 2.75%. Only one basis point back is the one year CD offered by Century Bank at 2.74%. Third position on the list is unaltered with the 13 month CD of Beach Community Bank that has an interest rate of 2.65%. Two banks share the next highest rate at 2.55%. Intervest National Bank offers this rate on an 18 month CD while BankUnited has it on a one year term.
The best two year CD rate in Florida gained ground as Heritage Bank of Florida increased the rate on their two year CD to 3.05%. This rate is now 15 basis points ahead of the best national two year CD rate. Intervest National Bank moves into the second position with a 30 month CD that has rate of 2.90%. Bay Cities Bank ties with Urban Trust Bank for the third spot after dropping the rate they offer on their two year CD to 2.85%. Century Bank of Florida follows with a two year CD that ahs an interest rate of 2.81%.
The top five year CD rate remains at 4.50% with Urban Trust Bank certificate that crushes both state bank rates and the national rates. The rate posted on the list this week is Urban Trust Bank’s four year CD that has a rate of 4.25% also well above the competition and the national rates. The second spot is also unchanged with the five year CD offered by Fidelity Bank at 3.75%. The third best five year CD rate matches the beat national rate as it’s the leader for the nationally available five year CDs. Intervest National Bank has a five year CD that yields 3.66% for customers in all other states as well as consumers who either open the CD with one of their Florida bank branches or via the internet.