Dedicated to Deposits: Deals, Data, and Discussion

2.55% 15-Month CD at First Commercial Bank of Florida - Local Only


First Commercial Bank of Florida
First Commercial Bank of Florida has a CD promotion with a some competitive rates for this week. The special CDs include a 2.00% APY 8-month CD, a 2.55% APY 15-month CD and a 2.70% APY 20-month CD. Minimum deposit is $1,000, and the maximum is $100K. As is typical with this bank, the rates are not listed at the bank's website. I had to call the bank. These special CD rates typically only last through Friday (7/17/09).

A branch visit is required to open the CD if you don't already have accounts at the bank. The bank has several branches in the Central Florida including the cities of Orlando, Edgewood, Kissimmee, Winter Park, Deltona and Lake Mary.

The bank is still offering a reward checking account that I first reported on in March 2007. The rate continues to fall. I was informed by the CSR that the current rate as of 7/13/09 is 2.00% APY (down from 2.25% in January, and 5.64% APY in 2007). Even though the rate is low for reward checking accounts, there are no balance caps which limit the balance that can earn the top yield. To find other reward checking accounts, please refer to my High Yield Checking website.

First Commercial's financial ratings have gone down since my previous post in January. It now has a 2 star rating (problematic) at BauerFinancial and a 1 star rating (lowest) at These are based on 3/31/09 data. Last year both ratings were 4 stars. As I recommend with any bank, it's best to stay below the FDIC limits. The bank has been a FDIC member since 1999 (FDIC Certificate # 34965).

Other High Certificate of Deposit Rates

  Tags: First Commercial Bank of Florida, CD rates, Florida

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