Dedicated to Deposits: Deals, Data, and Discussion

6% 60-Month / 5.75% 36-Month CD at a Florida Bank

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First State Bank has high yields on its long-term certificates of deposit. These include a 6% APY 5-year CD with a $25K minimum (5.90% APY available for a $1K minimum) and a 5.75% APY 3-year CD with a $1K minimum. These rates and terms are also available for individual retirement accounts. I first reported on this bank last January. They've continued to keep very competitive rates. Below is a list of their rates and how they've changed:

Term Old APY New APY
---------- ------- -------
6 months 4.00% 4.75%
1 year 4.50% 5.25%
15 months 4.78% 4.78%
18 months 4.75% 5.35%
2 years 4.80% 5.50%
25 months 5.03% 5.03%
3 years 5.00% 5.75%
4 years 5.10% 5.90%
5 years 5.25% 5.90%

The bank has six branches in the Florida cities of Sarasota, Seminole and St. Petersburg.

Credit for this find goes to CD Man who mentioned it in the finding deals post.


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