Dedicated to Deposits: Deals, Data, and Discussion

5.15% 48-Month CD at Third Federal Savings & Loan in Florida

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Third Federal Savings and Loan (OH)
Update 9/22/08: The CD yield for terms of 48 months and longer have fallen to 4.75% APY. Please check the bank's website for the latest rates.

Third Federal Savings & Loan is offering a 5.15% APY CD on terms from 48 to 72 months for those in South Florida. Outside of Florida the rate continues to be 5.00% APY. You can see the 5.15% APY by entering a South Florida zip code in the bank's CD rate table. The CDs can be opened online.

I also verified that Third Federal is still offering the special 4% APY 4-month CD. My first report on this was on August 28th. This 4-month special CD isn't listed online. It can be opened by phone (1-800-844-7333) or at one of their branches.

When I called Third Federal today, the CSR informed me that you can elect to have the funds transfered via ACH at maturity to an account at another institution. They do not allow outbound wire transfers at maturity. You can fund a CD with a wire transfer ($10 fee). Please see my Aug 28th post for more details.

Third Federal's branches are located in Ohio and in South Florida.

Make sure not to confuse Third Federal with Fifth Third Bank. Unlike Fifth Third Bank, Third Federal has been able to avoid many of the financial problems of the mortgage mess (see news article). Third Federal also has the top star rating at BauerFinancial (5 stars) based on 3/31/08 data. The bank has been FDIC insured since 1938 (FDIC Certificate # 30012).

Thanks to the reader who emailed me news of the 5.15% CDs.
  Tags: CD rates, Third Federal Savings and Loan (OH), Florida

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