Broward Bank of Commerce continues to offer competitive mid-term CD and IRA CD rates. These include a 2.40% APY 3-year CD, a 2.10% APY 2-year CD, a 1.75% APY 18-month CD and a 1.50% APY 1-year CD. Minimum deposit is $1,000. These rates are listed in the bank's rate sheet as of 5/26/2010.
I last reported on this bank in February when 2-year CD rate was 2.35% APY.
Broward Bank of Commerce is a small bank with one office located in Fort Lauderdale.
The bank was established in January 2009, so it's too new to have ratings for safety and soundness at BauerFinancial and Bankrate.com. However, at DepositAccounts.com we have an overall health score for the bank of 4 out of 5 (see our Broward Bank of Commerce rates and reviews page). It has been a FDIC member since it was established (FDIC Certificate # 58813).
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