Friends Bank is listing several competitive CD rates in its rate table as of 12/16/08. These include a 4.00% APY 6-month CD, 4.15% APY 12-month CD and a 4.25% APY 18-month CD. The 18-month CD minimum deposit is $5,000. The others have a minimum deposit of $1,000.
A branch visit appears to be required to open an account. Branches are located in New Smyrna Beach, Ormond Beach and Edgewater, Florida.
Friends Bank has some solid financial ratings for soundness: 5 stars (superior) at BauerFinancial and 4 stars (sound) at Bankrate. Both ratings are based on 9/30/08 data. The bank has been FDIC insured since 2000 (FDIC Certificate # 35376).