5.60% 12-Month CD at a Florida Bank (Sunshine State Community)
Dec 18, 2006 - 6:56 AM by Ken Tumin
Sunshine State Community Bank is offering a 5.60% APY 12-month certificate of deposit and a 5.50% APY 6-month CD. The minimum for both is $10K (see rate table).
The bank has branches in Port Orange and Holly Hill, Florida. It has been FDIC insured since 2000. The bank has a 4 out of 5 safe and sound rating (sound) at Bankrate.com.
Best 1-Year CD in the Nation?
This local deal is better than what's available nationally. My last week's bank deal summary lists 2 banks and one credit union with nationwide availability with an APY of 5.50% for a one year CD. Bankrate.com lists AmTrust Direct with the highest 12-month rate of 5.41% APY.
The bank has branches in Port Orange and Holly Hill, Florida. It has been FDIC insured since 2000. The bank has a 4 out of 5 safe and sound rating (sound) at Bankrate.com.
Best 1-Year CD in the Nation?
This local deal is better than what's available nationally. My last week's bank deal summary lists 2 banks and one credit union with nationwide availability with an APY of 5.50% for a one year CD. Bankrate.com lists AmTrust Direct with the highest 12-month rate of 5.41% APY.
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Banking Guy (anonymous) - #1, Tuesday, December 19, 2006 - 6:12 AM
I should have also mentioned Alpha Bank and Trust. It's a small bank in Georgia that just began business this year. They have a 6.00% APY 12-month CD along with several other high yield CDs. According to several readers, they're currently accepting out-of-state deposits by mail. (see post.)
Anonymous - #2, Friday, December 22, 2006 - 3:07 PM
Just opened a CD today and the minimum is 1M, not 10M. The receptionist told me 10M when I called, but the account rep said that was incorrect. The web-site shows 1M.
Banking Guy (anonymous) - #3, Saturday, December 23, 2006 - 7:08 AM
Thanks for the info. It's good to see it's only a $1,000 minimum deposit.
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