These are CD rates not just in the sunshine state but CD rates at Sunshine State Community Bank.  Sunshine State Community Bank has been FDIC insured since July 24, 2000.  Sunshine State Community Bank has five bank branches located in Florida.  The bank is chartered as a Federal Reserve Non-member bank.  Therefore the primary regulator is the Federal Deposit Insurance Corporation.  As of September 2008, the bank had total assets of $168,274,000.  The banks net operating income through September of 2008 was a loss of $305,000.

Sunshine State Community Bank offers various consumer banking and business banking services to the communities it serves.  Bank service include; checking accounts, HSA accounts, checking plus interest, business checking, certificates of deposit, savings accounts, money market accounts as well as fixed rate loans, lot loans, bridge loans, commercial loans, home equity loans, home improvement loans and more.

The bank certificates of deposit are those bank deposits with a contracted maturity that pays interest in correlation to the length of time of the deposit.  Sunshine State Community Bank is promoting the following CD rates and terms:

31 day to 181 day CD earns an interest rate of 1.00% APY
6 month CD that has an interest rate of 2.50% APY
1 year CD rate is 2.75% APY
18 month earns an interest rate of 3.00% APY
2 year CD rates is 3.50% APY
3 year CD yields an interest rate of 3.50% APY
4 year CD has an interest rate of 3.50% APY
5 year CD rates is 3.50% APY

The minimum opening deposit for the bank CDs and the amount needed to obtain the posted CD rates is $1,000.00.  These CD rates may changed by the bank at any time without prior notice.  After the CD is opened, the CD interest rate is fixed for the term.  For timelier CD rate information and account requirements, the bank can be reached at 386-756-4600.  The bank web site also post timely CD rates and savings rate data, the bank web address can be found at www.sunshinestatebank.com.

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