Dedicated to Deposits: Deals, Data, and Discussion

6.15% 6-Month CD at a Florida Bank (Coast Bank of Florida)

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Coast Bank of Florida is offering a 6.15% APY 6-month certificate of deposit. The minimum deposit is $500. The 6.15% yield requires the Platinum Relationship Checking. Without this, you can still get a 6% APY CD. This special is not listed at the bank's website. A reader had emailed me this special, and I called for further information last Friday. The customer service rep didn't know how long this would last. He said that it could be opened by mail including by those out-of-state. Please note that small banks often change this policy, so be sure to check with the bank first.

The bank has several branches around Southwest Florida including the cities of St. Petersburg, Bradenton and Clearwater.

The bank has been FDIC insured since 2000. It has a 3 out of 5 star safe-and-sound rating (performing) at Bankrate.com. However, one thing to note is that the bank currently is facing problems with some bad loan deals (see news article).
  Tags: CD rates, Florida

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Comments
4 comments.
Comment #1 by Anonymous posted on
Anonymous
I was unable to find the site for this bank. I am always looking for better Cd rates in Florida.

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Comment #2 by Banking Guy (anonymous) posted on
Banking Guy
Do you mean you are having trouble accessing the bank's website?

1
Comment #3 by traderprofit (anonymous) posted on
traderprofit
I don't see how the bank loaned money to the developer who was buying from his business partner. This just smacks of scandal.

1
Comment #4 by Banking Guy (anonymous) posted on
Banking Guy
A reader asked me to post the following comment regarding his experience with this bank:
---------

I went to the Coast Bank - Oakfield branch (closest to I-75) and had a good discussion with Heather, Lisa, and Renee! They are helping us by giving good rates and easy access via the platinum checking accs to get us 6.2% over 6months! Lets help them back by participating!

Ask for Heather and tell her JEFF "AxTax" DAVIS sent you! Ask them to give me the credit! ( You have to open and checking acct platinum with min 25K to avoid $8 mo charge to get the .2 percent bump from 6%). Use the chking acct once a month to qualify! You can do "mail in" to save the drive! FCIC insured (I checked this and they are in good standing with FDIC). Open to general public!

510 Oakfield Drive
Brandon , FL 33511
Map and Directions Branch Location
Mon: 9:00-4:00
Tue: 9:00-4:00
Wed: 9:00-4:00
Thu: 9:00-4:00
Fri: 9:00-6:00
Sat: closed-
Ph: 813-662-2301
Fax: 813-662-2175
Drive Thru Hours:
8:00–6:00 (M-F)

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