First Bank is offering competitive rates on both its high-yield reward checking account and some of its CD rates. The best CD is currently its 30-month term which has a 2.53% APY as of 8/26/10. Minimum deposit is $10,000. The reward checking account called Kasasa Cash has a 3.51% APY on balances up to $25K. There's also a companion savings account called Kasasa Saver with a 1.61% APY on balances up to $25K. These rates are listed in the bank's rates page as of 8/26/2010.
I first reviewed this checking account a year ago in my First Bank reward checking review post. One thing that has changed is that you can now apply online. This is also true for the certificates of deposit. From the application, it appears to be available to all Florida residents. Here's what the page states:
First Bank is a community bank serving the residents of the state of Florida. By proceeding you confirm your residency in Florida. Thank you for considering us for your banking needs.
Branches are located in Southwest Florida in the cities of Clewiston, LaBelle, Fort Myers and Moore Haven.
The bank has an overall health score of 3 out of 5 at DepositAccounts.com with a Texas Ratio of 33.85%. This is based on 3/31/10 financial data. Please refer to our financial overview of First Bank for more details. The bank has been a FDIC member since 1934 (FDIC Certificate # 9620).