Top Long-Term CD Rates at Fidelity Bank of Florida - Local Only

Fidelity Bank of Florida did something that's rare these days. They increased their CD rates. The largest bump was in the 4-year CD rate which increased 45 basis points to 3.45% APY. The 5-year CD rate went up by 10 basis points to 3.75% APY. Minimum deposit is $10,000 ($4,000 for an IRA CD). These rates are listed at the bank's rates page as of the morning of 1/19/2010.

It appears that a branch visit is required to open an account. Branches are located in the Central Florida cities of Merritt Island, Longwood and Port Richey.

On the downside, the bank's financial ratings for safety and soundness continue to be weak: 1 star (lowest) at Bankrate.com (based on 6/30/09 data) and 2 stars (problematic) at BauerFinancial (based on 9/30/09 data). The bank has been a FDIC member since 1990 (FDIC Certificate # 33198).