Best Bank Account Interest Rates - Summary for July 29, 2014
What Motivates People to Save?
Survey of the Best CD Rates for July 28, 2014
One Small Illinois Bank Closed by the OCC4.25% 6-Month CD at a Florida CU (Tropical Financial).
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POSTED ON BY Ken Tumin
Tropical Financial Credit Union is offering a special 6-month CD with a yield as high as 4.25% APY for a minimum deposit of $50,000. The yield is 4.00% APY for a $500 minimum deposit. These rates require members to have a Plus Relationship. Without this, the rates are 0.25% lower. This CD is also available in an IRA.
Membership is open to those who live or work in Miami-Dade, Broward, Palm Beach and Sarasota Counties. Please see their membership page for the full details. Membership requires a $5 minimum deposit into the regular savings account.
The credit union is federally insured by the NCUA (Charter # 68476). It has $721.7 million in assets and 66,136 members.
Thanks to the reader who mentioned this special in the finding-the-best-deals post.
