Dedicated to Deposits: Deals, Data, and Discussion

5.55% 7-Month CD at a Florida Bank (Encore)

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Encore Bank is offering a special 5.55% APY 7-month certificate of deposit. Minimum deposit is $1,000. The offer ends on 7/31/07. This special doesn't seem to be listed at the bank's website. It was advertised in this week's Tampa Tribune. The ad is available online here.

I noticed in the bank's new accounts instructions page, it states that they will open an account by mail or by wire if you live within 50 miles of one of their branches. I would recommend checking with them to ensure this special would fall under these terms.

Florida branches are located Belleair Bluffs, Clearwater, Fort Myers, North Naples, Naples and Sun City Center. They also have several Houston Texas branches, but it's likely that this CD special isn't available at those locations. The bank is FDIC insured (FDIC Certificate # 34378).
  Tags: CD rates, Encore Bank, Florida

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