Dedicated to Deposits: Deals, Data, and Discussion

3.50% 17-Month CD and 3.00% 8-Month CD at United Financial Bank of Florida

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United Financial Bank of Florida continues to offer two competitive promotional CD rates. 3.50% APY for 17 months and 3.00% APY for 8 months. Minimum deposit is $500, and they're also available as a Traditional IRA. These rates are listed at the bank's rate table as of 1/20/2009. The rate table also lists an introductory yield of 2.50% APY for its money market account for initial deposits of at least $5,000. These rates are down from my December post but they remain competitive in today's low-rate environment.

A branch visit is required to open an account. The bank is located in Lake Mary which is just north of Orlando.

This bank is a division of United Midwest Savings Bank in Ohio. The parent bank is offering a similar CD promotion for those in Ohio. However, the 17-month CD rate is a little lower at 3.25% APY. The 8-month CD rate is the same at 3.00% APY. These rates are listed at United Midwest's rate table as of 1/20/2009.

The bank's financial ratings are fair: 3.5 stars (good) at BauerFinancial and 3 stars (performing) at Bankrate.com. These ratings are based on 9/30/08 data. The bank has been FDIC insured since 1986 (FDIC Certificate # 32441).
  Tags: CD rates, Ohio, Florida

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