Dedicated to Deposits: Deals, Data, and Discussion

2.50% 7-Month Liquid CD at Cental Bank in Florida - Local Only

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Central Bank (FL)

Update 7/09/09: The 7-month Advanage CD rate has fallen to 2.00% APY.

Central Bank is offering a 2.50% APY 7-month CD. It's called an Advantage CD, and it has two nice liquid features. It gives you the option to withdraw $500 or more one time a month, and you have the option to deposit amounts of $500 or more anytime you want up to the $100,000 maximum balance. Minimum deposit is $5,000. The rate is listed at the bank's rate table as of 5/31/09.

It appears a branch visit is required to open an account. It's a small one-branch bank located in Tampa, Florida.

It was just established in 2007, and thus, it doesn't have a rating at BauerFinancial. Bankrate.com gives the bank 3 stars (performing) for safety and soundness based on 12/31/08 financial data. The bank is a member FDIC (FDIC Certificate # 58377).

Other High Certificate of Deposit Rates

For top CD rates nationally available, refer to my weekly rate summary. Many of the best CD deals are only locally available. To find the best deals in your state, refer to the index of state CD and bank deals.


  Tags: CD rates, Florida, Central Bank (FL)

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