After the most recent and dramatic reduction in the fed funds rate, short term CD rates in the range of 4.00% are becoming more difficult to track down.  In order to obtain yields this high it is frequently required to extend the term of the CDs from one year to four and even five years.  An exception to this can be found with CD rates offered by United Financial Bank of Florida. United Financial Bank of Florida has two great CD specials.  The first CD is a 3 month to 6 month term CD that has an interest rate of 4.00%.  The second CD has a 14 month term and an interest rate of 4.25%.  Both bank CDs require a minimum deposit of only $500.00.  The 3 month term places that CD has the best CD rate in Florida.  The 14 month term CD makes that bank CD the highest CD rate in the one year category for Florida.

In addition to these two bank CD products, United Financial Bank of Florida is offering a top interest rate money market account. The money market account is currently yielding a rate of 3.50% APY.  This offer applies to new deposits with a minimum opening deposit of $5,000. As with most money market accounts, the introductory APY is subject to change at anytime.  The money market account is a tiered rate, variable account which currently has the following interest rates and tiers: 2.50% APY for balances of $500 to $49,999; 3.50% APY for balances above $50,000 to $199,999 and; 3.50% APY for balances of $200,000 or more.  A minimum balance to open account is $5,000.  The minimum balance to earn APY is $500.00.

United Financial Bank is headquartered in Lake Mary, Florida.  The bank offers a variety of deposit products, mortgage products and banking services for our customer’s personal and business needs.  United Financial Bank of Florida is a division of United Midwest Savings Bank which is an independent, privately-owned, federal-chartered institution, located in Columbus, Ohio, and operating branches in Ohio and Kentucky.

Rates, terms and conditions subject to change.  Information is updated as of December 20, 2008.  The bank can be reached at 877-832-3525.  Bank products, services and select rate information can be found on the website at www.ufbfl.com.

No user commented in " Highest Short Term CD Rates in Florida "

Follow-up comment rss or Leave a Trackback

Leave A Reply

 Username (*required)

 Email Address (*private)

 Website (*optional)