Dedicated to Deposits: Deals, Data, and Discussion

5.12% 60-Month / 4.08% 12-Month CD at a Florida Bank (Peninsula).

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Update 7/19/08: The CD rates have fallen. Please see the institution's website for the latest rates.

Peninsula Bank is offering several competitive CD rates. The most competitive are longer term ones and include a 4.08% APY 12-month CD, a 4.25% APY 18-month CD, a 4.59% APY 36-month CD and a 5.12% APY 60-month CD. The minimum deposit is $1,000. IRA CDs with terms of 1, 2 and 3 years are also listed with these same rates.

It appears to require a branch visit to open an account. Branches are located in several cities of Southwest and Southeast Florida including Sarasota, Englewood, Port Charlotte, Delray Beach, Margate, West Palm Beach and North Miami Beach. The bank has been FDIC insured since 1986 (FDIC Certificate # 26563). It has a 2 star rating (problematic) at BauerFinancial based on 3/31/08 data.
  Tags: CD rates, Peninsula Bank, IRA rates, Florida

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