Dedicated to Deposits: Deals, Data, and Discussion

6.00% 60-Month CD at a Florida Bank (First State)


First State Bank continues to offer high yields on its long term certificates of deposit. The rates include a 6.00% APY 60-month CD with a $25K minimum, a 5.90% APY 60-month and 48-month CD with a $1K minimum and a 5.75% APY 36-month CD with a $1K minimum. These rates are the same as I reported back in May so hopefully these won't fall anytime soon.

A reader mentioned that the bank takes out of state deposits. You just need to mail a letter of direction, photocopy of driver's liences and your deposit check. The reader reported very good service.

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

First State Bank has been FDIC insured since 1988. Bankrate gives the bank 4 out of 5 stars (sound).