2.50% 24-Month CD at Heritage Bank of Florida - Local Only

Heritage Bank of Florida continues to offer a very competitive 2.50% APY 2-year CD. Some other competitive CD rates include a 1.77% APY 9-month CD and a 2.22% APY 18-month CD. Minimum deposit is $500 for the 9-month CD and $1,000 for the longer terms. The CDs are also available in an IRA. These CD rates are listed in the bank's rate table as of 12/03/09.

The bank also offers competitive rates for its money market and checking accounts. The rates are down a bit since my June post, but they're still competitive. As of 12/03/09, the money market account has tiered rates with a 1.50% APY for a balance of $40K to $100K, and 2.00% APY for balances over $100K. The bank also offers a checking account that still pays 1.10% which is not too bad for a brick-and-mortar bank in today's rate environment.

A branch visit is required to open new accounts. Branches are located in Lutz, Wesley Chapel and Tampa, Florida.

The bank continues to have respectable ratings for safety and soundness: 3 stars (performing) at Bankrate.com and 4 stars (excellent) at BauerFinancial. Both are based on 6/30/09 data. The bank has been a FDIC member since 1999 (FDIC Certificate # 35009).

Other Competitive Certificate of Deposit Rates

• CD rates at DepositAccounts.com
• My weekly list of hot nationwide and local CD deals

Tags: money market accounts, CD rates, checking account, Heritage Bank of Florida, Florida