Dedicated to Deposits: Deals, Data, and Discussion

2.78% 24-Month CD & 3.05% 36-Month CD at Orange Bank of Florida - Local Only

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Orange Bank of Florida is offering two competitive CD specials: a 2.78% APY 24-month CD and a 3.05% APY 36-month CD. Minimum deposit is $1,000. These are also available in an IRA. These specials don't appear to be listed at the bank's website. A reader mentioned seeing them advertised in the Orlando Sentinel, and I just called and confirmed that the specials are still available. The CSR didn't know how much longer they would last, but she expected them to last at least through Friday (7/31/09).

A branch visit is required to open the account. Branches are located in several cities in Central Florida including Orlando, Clermont, Crystal River, Lake Mary and Winter Park.

The bank's ratings for safety and soundness are a little weak: 2 stars (problematic) at BauerFinancial and 2 stars (below peer group) at Bankrate.com. Both ratings are based on 3/31/09 financial data. The bank has been a FDIC member since 2005 (FDIC Certificate # 57960).

Thanks to the reader who emailed me news of this special.

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  Tags: CD rates, IRA rates, Orange Bank of Florida, Florida

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