The bank has been offering this special CD for awhile. My last post was in June when the yield was 4.14%.
It appears likely to require a branch visit. Branches are located throughout Southwest Florida including the cities of Naples, Fort Myers, Clearwater, Bradenton, Bonita Springs, Sarasota, St. Petersburg and Tampa.
FDIC Insurance of up to $3.5 Million
One noteworthy feature of this bank is that it claims to provide FDIC insurance on Shared CD deposits of up to $3.5 million by structuring deposits of $100,000 in up to 35 Synovus banks. I just called and spoke with a banking rep at one of the branches, and she said that this CD special would qualify for this FDIC coverage. Please confirm the details with a banking rep. Synovus Bank has been FDIC insured since 1996 (Certificate # 34172). Please refer to the FDIC's Bank Find Tool for the FDIC information on the other banks in the Synovus network.
Update: Added link/info on the Synovus networkd of banks.