5.50% 8-Month CD at a Florida Bank (Third Federal)

Third Federal Savings and Loan is offering a 5.50% APY 8-month certificate of deposit. The minimum deposit is $500. This CD doesn't seem to be listed at the bank's website. It is being advertised in Southwest Florida newspapers. The ad is available online here. Also being advertised is a 5.10% APY savings account for balances of over $25K and a 4.50% checking account for balances of over $5K.

Southwest Florida branches are located in Fort Myers, Naples, Bonita Springs, Tampa, Saint Petersburg, Clearwater, Seminole, New Port Richey and Sarasota. Other branches are located in Southeast Florida and Ohio, but it's not clear if the 5.50% CD is being offered at those branches. Third Federal Savings and Loan is FDIC insured (FDIC Certificate # 30012).

Tags: CD rates, Third Federal, Florida