Coastal Bank is offering a CD special with a 4.25% APY for terms of 6 to 24 months. The minimum deposit is $1,000. The special CD allows additional deposits during the term of the CD.
It appears the bank requires a branch visit to open a new account. Branches are located in Florida cities of Cocoa Beach, Merritt Island, Palm Bay and Cocoa.
The bank has a 3.5 star rating (good) at BauerFinancial and a 2 star rating (below peer group) at Bankrate.com. Both are based on 3/31/08 data. It has been FDIC insured since 1999 (FDIC Certificate # 34898).