7 months: 4.40%
11 months: 3.56%
12 months: 4.40%
13 months: 4.75%
Note, Ocean Bank does have a CD promotion page listing the 7- and 12-month CD specials. The 7-month CD yield shown in the promo page is only 4.15% APY. If you're interested in this 7-month CD, please check with the bank to see which is correct.
Branches are located in Miami-Dade and Broward County.
Ocean Bank's financial ratings for soundness are weak: 2 stars (problematic) at BauerFinancial and 1 star (lowest) at Bankrate.com. Both are based on 6/30/08 data.
The bank has been FDIC insured since 1982 (FDIC Certificate # 24156).
Thanks to the reader who sent me email on this CD.