Reunion Bank of Florida is offering some competitive long-term CD rates. These include a 2.65% APY 5-year CD, a 2.21% APY 4-year CD and a 1.80% APY 3-year CD. Minimum deposit is $1,000, and the early withdrawal penalty for these CDs is 6 months of interest. These rates are not listed at the bank's website. I was told of these rates for their Tavares office on 6/14/2011.
A branch visit is required for new customers. The bank also has a branch in Port Orange. However, that branch has much lower CD rates. You can find the locations of their Tavares and Port Orange offices in our Reunion Bank of Florida locations page.
The bank has an overall health score at DepositAccounts.com of 5 stars (out of 5) based on March 2011 data. Please refer to our financial overview of Reunion Bank of Florida for more details. The bank has been a FDIC member since 2008 (FDIC Certificate # 58815).
Comparing These CD Rates
It's hard to find competitive CD rates in Florida. You will probably do better with CDs from outside of Florida. The best nationally available 5-year CD rate continues to be 3.00% APY at Connexus Credit Union (which requires an active checking account) and 2.93% APY at Melrose Credit Union (with no checking requirement).
Searching for the Best CD Rates
To search for the best nationwide CD rates and the best CD rates in your state, please refer to the CD rates section of DepositAccounts.com.