2.55% 22-Month CD at First Commercial bank of Florida - Local Only

First Commercial Bank of Florida has another CD promotion with a some competitive rates for this week. The special CDs include a 1.55% APY 6-month CD, a 2.05% APY 16-month CD and a 2.55% APY 22-month CD. Minimum deposit is $1,000, and the maximum is $99K. As is common with this bank, the rates are not listed at the bank's website. I had to call the bank today. These special CD rates typically only last through Friday (1/11/2010). However, these specials are the same as they were offering last week.

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. According to the CSR, the current rate as of 1/11/2010 is 2.00% APY which has held since last July. Even though the rate is low for reward checking accounts, balances up to $250K qualify for this rate.

First Commercial's ratings for safety and soundness continue to be a little weak: 2 stars (problematic) at BauerFinancial (based on 9/30/09 data) and a 1 star rating (lowest) at Bankrate.com (based on 6/30/09 data). The bank has been a FDIC member since 1999 (FDIC Certificate # 34965).

Other Competitive Certificate of Deposit Rates

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