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4.51% 30-Month / 4.91% 50-Month CD at First Commercial Bank of Florida

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First Commercial Bank of Florida
First Commercial Bank of Florida has another competitive CD promotion for this week. The special CDs include a 4.91% APY 50-month CD, a 4.51% APY 30-month CD and a 3.78% APY 12-month CD. An extra 10 basis points will be added for customers with a qualified checking account (which includes their reward checking). The minimum deposit is $1,000, and the maximum is $99,000. As is typical with this bank, the rates are not listed at the bank's website. I had to call the bank. These special CD rates are available through Friday (6/27/08).

A branch visit is required to open the CD if you don't already have accounts at the bank. The bank has several branches in the Central Florida including the cities of Orlando, Kissimmee, Winter Park, Deltona and Lake Mary. The bank is FDIC insured (FDIC Certificate # 34965). It has a 4 star rating (excellent) at BauerFinancial based on 3/31/08 data.

No-Cap Reward Checking Account

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 that the current yield is 3.49% APY (down from 5.64% APY from last year). 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.

  Tags: First Commercial Bank of Florida, CD rates, Florida

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