Busey Bank N.A. is bank with approximately $450 million in assets that is part of the First Busey Corporation.  First Busey Corp. is a $4.3 billion holding company headquartered in Urbana, IL.  Busey Bank in Florida is headquartered in Port Charlotte, Florida and has eight bank branches serving southwest Florida.  Busey Bank is state chartered and deposits are federally insured.  Busey Bank offers some very attractive interest rates on their consumer deposit products in this region. 

To start the New Year, Busey Bank has several CD rates worth researching.  The bank has a short term, 6 month CD that has an interest rate of 2.50% APY.  There is a one year CD that earns an interest rate of 3.00% APY.  The bank offers an 18 month CD that yields an interest rate of 3.25% APY.  And to round out some of the terms available, the bank has a two year CD that has an interest rate of 3.50% APY.  The bank CDs require a minimum opening deposit of $1,000.00.  The CDs have an option to be automatically renewed.  These CD rates are only a sample of the accounts available; Busey Bank offers a wide range of maturity terms and interest rates.

Busey Bank has several other savings products to choose from that do not require the term commitment of the CDs.  The bank offers a money market account that earns an interest rate of 1.35% APY for balances of $25,000.00 or greater.  The bank offers an interest bearing checking account called an Active Interest account.  This checking account earns an interest rate of 3.00% APY on balances greater than $1,000.00.  The checking account requires a minimum deposit of $50.00, it has unlimited check writing, interest is compounded and paid monthly, there is a daily minimum balance requirement of $1,000.00 and has to have five or more third party transactions per statement cycle to avoid a $15.00 monthly service charge.

Interest rates are subject to change and additional conditions may apply.  Busey Bank can be reached at 941-629-8111 in Port Charlotte.  The web site for the bank contains information on the bank CD rates as well as other consumer rates and products.  The web site can be found at www.busey.com.  Interest rates and bank product data updated on January 3, 2008.

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