5.88% 12-Month CD at a South Florida Bank (Sun American)

Sun American Bank is offering a promotional 5.88% APY 12-month certificate of deposit. It requires a $50K minimum deposit, and applicants must open a free checking account and maintain a $100 balance. The promotion is available until October 31st. The special is not listed on the bank's website, but was advertised last week in a South Florida paper.

Branches are located in Miami, Boca Raton, Boynton Beach, Hollywood, Doral, Coconut Grove and Palm Beach Gardens, Florida.

Sun American Bank has been FDIC insured since 1987. It has the highest safe-and-sound rating at Bankrate.com of 5 out of 5 stars (superior).

Thanks to the reader who mentioned this special in the finding deals post.