Dedicated to Deposits: Deals, Data, and Discussion

2.25% 12-Month & 2.58% 24-Month CD at Riverside National Bank in East FL - Local Only

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Riverside National Bank is offering two competitive CD specials: 2.25% APY for 12 months and 2.58% APY for 24 months. Minimum deposit is $1,000. These rates are listed at the bank's CD page as of 8/23/09.

A branch visit appears to be required to open an account. Branches are located in the following Florida counties: Brevard, Indian River, Okeechobee, Martin, Palm Beach, Polk, St. Lucie, Volusia, Highlands and Lake.

My last post on this bank was in May when the 12-month CD rate was 2.65%.

The bank's rating for safety and soundness has gone down since May at BauerFinancial. It's now labeled with 1 star (troubled) based on 3/31/09 financial data. It had been 2 stars in May based on 12/31/09 data. It remains 1 star (lowest) at Bankrate.com based on 3/31/09 data.

The bank has been a FDIC member since 1982 (FDIC Certificate # 24067).

Thanks to the reader who emailed me news of these CDs

Other Competitive Certificate of Deposit Rates
  Tags: CD rates, Florida

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