Rates Current as of Wednesday March 10, 2010
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Florida CD Rates August 7, 2009

Posted in August 10th, 2009
by admin in Florida CD Rate Updates

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 [...]

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Florida CD Rates for the week ending June 12, 2009

Posted in June 16th, 2009
by admin in Florida CD Rate Updates

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 [...]

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The Best CD Rates in Florida for June 5, 2009

Posted in June 10th, 2009
by admin in Florida CD Rate Updates

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 [...]

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The Best CD Rates in Florida for the week of May 22, 2009

Posted in May 27th, 2009
by admin in Florida CD Rate Updates

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 [...]

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The Best Georgia CD Rates Update for May 8, 2009

Posted in May 14th, 2009
by admin in Georgia CD Rate Updates

The best certificate of deposit rates in Georgia continue to be some of the best bank rates available across the nation.  The highest CD rates in Georgia were mostly unchanged week over week but continue to offer some of the best opportunities for CD investors.  All of the best six month CD rates listed for [...]

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The Best Six Month CD Rates Update Week Ending April 24, 2009

Posted in April 25th, 2009
by admin in 6 Month CD Rate Updates

The average CD rate for the top 10 national six month CDs rose slightly from 2.14% to 2.16% for the week ending April 24, 2009.  Once again, the best six month CD rates were offered by GMAC Bank and Corus Bank.  Both of these banks had six month CD rates set at 2.25%.  The GMAC [...]

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Florida CD Rate Update April 17, 2009

Posted in April 22nd, 2009
by admin in Florida CD Rate Updates

State banks in Florida are offering some of the best CD rates available and the best CD rates are measurably better than the best national CD rates.  Atlantic Southern Bank which is based in Macon, Georgia but has one location in Jacksonville offers the best 6 month CD rate with a special odd month, seven [...]

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CD Rate Updates

Certificate of Deposit Interest Rates March 8, 2010

According to this week’s survey of the top ten best certificate of deposit rates available nationally, performed by Selectcdrates.com, bank CD rates have now reached new lows for the year.  Bank CD interest rates were down for all terms or maturities again this week.  
The average rate for the top ten highest 6 month bank CD [...]

Bank Certificate of Deposit Rates February 22, 2010

It seems hard to believe that bank certificate of deposit rates could slide much lower, but the past week was in fact another down week for most all CD maturities.  The results of the selectcdrates.com weekly bank rate survey indicated that CD rates were lower across all terms with the exception of the long term, five year [...]

CD Interest Rates February 15, 2010

CD interest rates continued to slide further in 2010.  The average interest rate on bank CDs available nationally was down slightly on all maturities for the week ending February 12, 2010.  The rate activity among the best bank rates, however,was comparatively modest in light of the across the board drop in the average rates.
The selectcdrates.com [...]

Banking & CD FAQs

Can the bank charge for transferring my IRA to another institution?
Yes. The bank makes these decisions; in some instances, State law prescribes them. Federal law does not establish the services for which fees may be imposed. Neither does Federal law establish the maximum amount of fees that national banks can charge for an IRA transfer. National banks are required to disclose
If the Federal Reserve cuts interest rates isn’t that always good?
Not necessarily, as a drop in the Federal Funds rate also affects the Prime Rate on which investments as well as debts are based. While a drop in the Prime Rate may be good for adjustable rate mortgage payers and credit card holders, interest rate sensitive investments will also be affected. If you
Is my bank permitted to charge me an overdraft fee as well as a fee for each day during the period my checking account is overdrawn?
Yes. Banks are allowed to charge fees for returned checks and overdrawn balances. The assessment of account fees is governed by the terms of your deposit account agreement, which you should have received when you opened the account.
When are direct deposits available for withdrawal?
National banks must make funds available for withdrawal on the “payment date.” This is the date on which the funds are actually payable, not the date on which the bank received the deposit.
National Averages
CD Rates, Bank Rates,
Fund Rates and Key Rates
6 Month CD Rates
1.29%

1 Year CD Rates
1.67%

2 Year CD Rates
2.10%

5 Year CD Rates
3.22%

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Money Market Act. Rates
1.33%

Savings Account Rates
1.47%

Money Market Fund Rates
3.11%

Tax Exempt Fund Rates
2.39%

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Bank & CD Tips

Bank Accounts and FDIC Insurance Watch
It’s important to know why, when and how to be sure you’re bank accounts and savings are fully protected by FDIC insurance.  As more money has flowed into banks including online savings accounts to long term bank CDs the importance of principal security should not be overlooked.  Consumers don’t need to worry about their insurance
Tip #27
Many banks now use digital images of checks instead of the actual checks in order to transfer money more quickly. Don’t assume that you have plenty of time to cover a check that you’ve written with insufficient funds.
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