Valrico State Bank is the only locally owned financial institution with multiple offices in eastern Hillsborough County Florida.  The bank was open for business in 1989.  The main bank office is in Valrico, Florida and the bank has four other branch bank locations in the surrounding area.  Valrico State Bank is a full service commercial bank that has a wide array of bank products and services for its customers.  For savings products the bank offers standard savings accounts, interest earning checking accounts, money market accounts and certificates of deposits.  The following are the current CD rates and terms available with the bank:

A 6 month CD that earns an interest rate of 2.75% APY. 
A one year CD with an interest rate of 3.00% APY. 
An eighteen month IRA CD with an interest rate of 3.00% APY.
A two year CD that has an interest rate of 3.25% APY.
A three year CD with an interest rate of 4.00% APY.
And a five year CD that has an interest rate of 4.25% APY.
There is a low minimum deposit of $500.00 required to open the bank CD accounts.

The bank also offers a high interest rate money market account.  The money market account requires a minimum opening deposit of $2,500.00 and earns an interest rate of 0.75% APY on balances from $2,500.00 to 4999.00.  The money market account earns an interest rate of 1.00% APY on balances between $5,000.00 to $24,999.00.   And the account earns a rate of 1.50% APY on balances greater than $25,000.00.  The interest rate and annual percentage yield is a variable rate and may change.

According to information on the sank web site, Valrico State Bank employs over 60 employees, and services over 12,000 deposit accounts.  The Bank has 4 locations, serving the communities of Valrico, Brandon, Plant City, and Riverview, with 24-hour ATMs and Saturday lobby hours available in each community

Interest rates are subject to change.  Other terms and conditions may apply.  For current rate information, call 813-689-1231.  Present interest rates and bank information is available at the bank website at www.valricostate.com.

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