Atlantic Coast Bank is offering a 5.00% APY 60-month CD. The minimum deposit is $1,000. It's also available in an IRA. The shorter term CD rates are not quite as competitive. These include a 3.50% APY 12-month CD and a 4.00% APY 24-month CD.
It appears a branch visit is required to open new accounts. Florida branches are located in Jacksonville, Orange Park, Lake City, Neptune Beach and Fernandina Beach. Georgia branches are located in Waycross, Douglass and Garden City.
The bank has a 4 star rating (excellent) at BauerFinancial based on 3/31/08 data. It has been FDIC insured since 2000 (FDIC Certificate # 45826).
Other High Certificate of Deposit Rates
Wachovia is still offering a special 5.25% APY for a 60-month CD and a 5.00% APY for a 36-month CD. It also has other very competitive rates for shorter terms (see post). Note, Wachovia's website only lists the 7 and 12-month CD specials. You have to call to confirm the other rates. I just called this morning, and the CSR said these rates are available nationwide.
To review other high rate CDs available nationwide, please refer to my CD rates summary.