Dedicated to Deposits: Deals, Data, and Discussion

2.10% 19-Month CD & 1.90% 6-Month CD at First Commercial Bank of Florida - Local Only

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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 1.90% APY 6-month CD, a 1.95% APY 13-month CD and a 2.10% APY 19-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 (11/06/09).

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 has held since my last post on this bank in July. According to the CSR, the current rate as of 11/02/09 is 2.00% APY. 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 continue to be low: 2 stars (problematic) at BauerFinancial and a 1 star rating (lowest) at Bankrate.com. These are based on 6/30/09 data. 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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