Dedicated to Deposits: Deals, Data, and Discussion

5.50% 6-Month / 5.50% 18-Month CD at a Florida Bank (Prosperity)

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Prosperity Bank is offering a yield of 5.50% APY on a certificate of deposit with terms of 6, 9 and 18 months. The minimum deposit is $2,500, and the maximum is $500,000. The special doesn't seem to be listed at the bank's website. It was advertised in yesterday's Daytona Beach News Journal. The ad is available online here.

This is likely a local deal. The branch listed in the ad is in Palm Coast, FL. Other branches are located in several counties in northeast Florida. The bank is FDIC insured (Certificate # 24963).

  Tags: CD rates, Florida

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