Dedicated to Deposits: Deals, Data, and Discussion

2.55% 15-Month CD & Other Competitive CD Rates at a Bay Cities Bank in Florida


Bay Cities Bank
Bay Cities Bank has several competitive CD rates. Some of the most competitive as listed at the bank's rate table as of 4/30/09 include:
  • 2.50% APY 12 month
  • 2.55% APY 15 month
  • 2.60% APY 18 month
  • 2.85% APY 24 month
  • 3.25% APY 36 month
The minimum deposit is $1,000. These rates just dropped this morning so they should last for a little while.

It appears that the bank may require a branch visit to open new accounts. Branches are located in the Florida cities of Tampa, Lutz and St Petersburg.

My last report on this bank was in September 2008 when they were offering much higher rates such as a 5.00% 36-month CD.

The bank's financial ratings for safety and soundness are a little weak: 3 stars (adequate) at BauerFinancial and 2 stars (below peer group) at Both are based on 12/31/08 data. The bank has been FDIC insured since 1999 (FDIC Certificate # 35066).

  Tags: CD rates, Bay Cities Bank, Florida

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