5% 12-Month CD at a Florida Bank

If you see a new bank branch opening in your area, there's a good chance they may be offering some good deals. That's the case for Federal Trust Bank. The bank has a 12-month 5% APY CD special that's only available at its new Lake Mary, Florida branch. There is a $500 minimum opening balance requirement, and it's valid through Feb. 10, 2006. This special is being advertised to local residents by mail and is not listed at the bank's website. The new branch is located at 791 Rinehart Road, Lake Mary, Florida 32746 (phone number: 407-562-0453).

Federal Trust Bank's standard rates on its certificates of deposit are not too good. The best is the 1-year CD with a rate of 4.65% APY.

In addition to the new Lake Mary branch, Federal Trust Bank has branches in the Central Florida cities of Sanford, Winter Park, Casselberry, Orange City, Deltona and New Smyrna Beach.

For the person who emailed this deal to me, thanks! If you find a similar deal, an email [ at bankdeals at gmail dot com ] or a comment here is greatly appreciated.