You might be familiar with Raymond James through its financial advisors which have offices throughout the U.S. You may not know that one of its subsidiaries is a bank, Raymond James Bank, and that bank is currently offering some competitive CD rates. The best ones include a 2.10% APY 5-year CD, 1.75% APY 4-year CD and a 1.55% APY 3-year CD. Minimum deposit is $1,000. These rates are listed in the bank's rates page as of 12/07/2011.
Raymond James Bank lists a few CD details in this CD page. At the bottom, it has an important detail about availability:
Raymond James Bank CDs are available to existing clients of Raymond James Bank, Raymond James & Associates, and Raymond James Financial Services. Non-clients may open a CD by making a deposit in person or by mail at our St. Petersburg, Florida office.
So these CDs are available nationwide. However, if you want to open the CD at a bank branch, you'll have to travel to its St. Petersburg office which is located at 710 Carillon Parkway.
St. Petersburg is also where Raymond James headquarters is located. If you're a fan of the Tampa Bay Buccaneers, you probably know Raymond James purchased the naming rights of their stadium.
Raymond James Bank has an overall health score at DepositAccounts.com of 5 stars (out of 5) with a Texas Ratio of 14.20% (above average) based on September 2011 data. Please refer to our financial overview of Raymond James Bank for more details. The bank has been a FDIC member since 1994 (FDIC Certificate # 33893).
How These CD Rates Compare
For banks with nationally available accounts, Raymond James Bank long-term CD rates are near the top. The highest 5-year CD rate is 2.25% APY (special 59-month term) at US Bank. The highest 4-year CD rate is 2.00% APY at Airbanking, and the highest 3-year CD rate is 1.65% APY at Doral Bank Direct.
Higher CD rates are available at all-access credit unions. Melrose Credit Union has the best with rates of 1.91% APY for 3 years, 2.17% APY for 4 years and 2.68% APY for 5 years.
These rates are accurate as of 12/07/2011.
Searching for the Best CD Rates
To search for nationwide CD rates and CD rates in your state, please refer to the best CD rates section of DepositAccounts.com.