Dedicated to Deposits: Deals, Data, and Discussion

4.26% 8-Month / 4.26% 12-Month CD at a Florida Bank (First Commercial).

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First Commercial Bank of Florida
First Commercial Bank of Florida is offering a CD special with a yield of 4.26% APY for terms 8, 10 and 12 months. The minimum is $1,000, and the maximum deposit is $99K. This yield requires that you already have a qualifying checking account. Without this, the yield is 4.00% APY. Qualifying accounts include a non-interest checking with direct deposit or a Reward Checking Account. A branch visit is required to open the CD if you don't already have accounts at the bank. The offer ends Friday, 2/29/08.

This special isn't listed at the bank's website. It was advertised in today's Daytona Beach newspaper. The ad is available online here.

The bank is still offering a high yield reward checking account that I first reported on in March 2007. The rate has fallen quite a bit since then. I was told the current yield is 4.00% APY (down from 5.64% APY). Even though the rate is not the best for reward checking accounts, there are no balance caps which limit the balance that can earn the top yield.

The bank has several branches in the Central Florida including the cities of Orlando, Kissimmee and Lake Mary. The bank is FDIC insured (Certificate # 34965) and it still has a 4 out of 5 star rating at Bankrate.com (sound) based on 9/30/07 data.
  Tags: First Commercial Bank of Florida, CD rates, Florida

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