Dedicated to Deposits: Deals, Data, and Discussion

3.50% 13-Month CD & 3.15% 7-Month CD at Sunshine Savings Bank in Florida


Sunshine Savings Bank
Update 2/21/09: These special CD rates have fallen. Please check the bank's website for the latest rates.

Sunshine Savings Bank has recently lowered its special CD rates, but they remain very competitive. The two specials are now 3.50% APY for 13 months and 3.15% APY for 7 months. Minimum deposit is $1,000. These rates are listed in the bank's savings rates page as of 2/01/2009.

In this post from last month I describe how you may be able to open this special CD without a branch visit. It's definitely easier if you can visit a branch. Branches are located in the Florida cities of Tallahassee and Pembroke Pines which is located between Miami and Ft. Lauderdale.

The bank has some decent ratings for soundness: 4 stars (excellent) at BauerFinancial and 3 stars (performing) at Both ratings are based on 9/30/08 financial data.

This is one of the rare banks that used to be a credit union. It changed to an FDIC insured bank in July 2007 (Certificate # 58452).

Thanks to the reader who emailed me news of these new CD specials.

  Tags: Sunshine Savings Bank, CD rates, IRA rates, Florida

Related Posts

Comment #1 by Erik (anonymous) posted on
Check out the best rates on short term deposits at big banks versus those at select community banks from Community banks continue to offer higher yields on short term deposits to serve as economic engines.


Florida Central Credit Union 6.01 FL
First Robinson Savings Bank 6.01 IL
Union State Bank/Bank of Atchison 6.01 KS
Communications Federal Credit Union 5.25 OK
Connexus Credit Union 5.15 WI
Keystone Bank 5.15 AL
First New England Federal Credit Union 5.15 CT
Three Rivers FCU 5.01 IN
Legence Bank 5.01 IL
Community Bank of Pleasant Hill 5.01 MO
Community Bank of Raymore 5.01 MO
United Heritage Credit Union 5.01 TX


• ING decreased their highest rate offered by 25 basis points, from a 2.50% APY on a 1 year CD to a 2.25% APY on a 4 year CD.
• Schwab decreased their 18 month CD rate by 15 basis points, from a 2.65% to 2.50% APY.
• E*Trade decreased their 5 year CD rate by 30 basis points, from a 1.70% to 1.40% APY.
• E-Loan increased their 6 year CD rate by 50 basis points, from a 3.50% to 3.70% APY
• Washington Mutual decreased their 5 year CD rate by 50 basis points, from a 3.00% to 2.50% APY.
• AARP Financial Savings Center decreased their savings rate by 50 basis points, from a 2.00% to 1.50% APY.
• Wachovia increased their 17 month CD rate by 15 basis points, from a 1.85% to 2.00% APY.
• E-Loan currently has the highest rate at 3.70% APY on a 6 year CD.
• E*Trade currently has the highest savings rate at 3.01% APY.

Courtesy of BancVue.