Browse through the stories below to view current deals for Florida banks or select an item from the menu bar above to view current rates in Florida.
Third Federal Savings & Loan is offering a competitive CD special. It has a 1.50% APY with a 39-month term. There’s also a special 19-month CD with a 1.00% APY. Minimum deposit is $500. These special rates are listed in the bank’s CD page as of 4/16/2014. According to the bank's disclosure, the early withdrawal penalty for the 39-month CD is 12 months’ interest. That’s a harsh penalty.
Third Federal has a long history of offering competitive 6-year CDs. but the 6-year CD rate is currently only 1.75% APY which...Continue Reading
PNC Bank has some new promotions for its Virtual Wallet accounts. If you live in one of the qualifying states, you can earn up to $400 in bonuses. This is a big increase from its past promotions. You still have to be careful to avoid monthly service charges.
Here’s the link to PNC’s $400 promotion page. The offer is scheduled to end on 5/31/2014. You can open the account online or choose to have them email you a coupon to take to a branch. There are three levels of bonuses. Here's...Continue Reading
First Republic Bank has recently increased its 5-year and 6-year CD rates, and they’re now competitive. You can get higher rates on the internet, but for those who prefer to open CDs at a branch, these might be appealing. The 6-year CD has a 2.25% APY, and the 5-year CD has a 2.00% APY. Minimum deposit is $5,000. These rates are listed at the bank's rates page as of 4/1/2014. Rates may vary by location. You have to select your region to see the CD rates. I have selected a...Continue Reading
Unlike most checking account promotions, this one at First Citizens Bank doesn’t require direct deposit. There are other ways to qualify for the bonus without direct deposit. On the downside, it’s similar to most checking account promotions in that the qualifying checking accounts have potential monthly service fees. If you’re careful, this promotion can be a good deal. Here’s the link to the bank’s promotion page.
To receive the $150 bonus, you’ll need to open either a new Premier or Prestige checking account with a new debit card by April 30,...Continue Reading
People's Alliance Federal Credit Union is offering two certificate specials with competitive rates. The best one is its 28-month CD. It has a 1.35% APY. The other one is a 15-month CD with a 1.00% APY. Minimum deposit is $500, and new money is required. These rates are listed at the credit union's rates page as of 3/25/2014.
The credit union used to offer very competitive standard CD rates. That has changed, and now you can get higher rates at many internet banks.
People's Alliance continues to offer other nice perks like...Continue Reading
Last September I reported on a special 5-year CD at BBVA Compass. That special continues, and there’s also a new 29-month CD special that is also competitive. In addition, a few things have changed at Compass. The 5-year CD special still has a 2.00% APY. The new 29-month CD special has a 1.25% APY. Minimum deposit is $500, and the maximum deposit is $2,500,000 ($250,000 maximum deposit for CD accounts opened online). These rates are listed in the bank’s CD promotion page as of 3/24/2014.
One thing that has changed for...Continue Reading
Florida Credit Union is offering three special rates for its certificates. The one that’s most competitive is its 3-year CD special which has a 1.46% APY. The other two are a 1.00% APY 24-month CD, a 0.75% APY for terms of either 12 or 18 months. Minimum deposit is $10,000. These rates are listed in the credit union's rates page as of 3/14/2014. One downside with these CDs is a large early withdrawal penalty. The penalty for the 3-year CD is 540 days of interest.
Florida Credit Union’s field of membership...Continue Reading
BB&T has brought back its $125 checking account promotion. Like the one last year, you can qualify for the bonus without direct deposit. That’s rare these days. The one downside remains the same. All of BB&T's checking accounts have potential monthly service fees. So if you open the checking account for the bonus, you have to make sure to avoid the fees.
To qualify for the $125 bonus, customers must open a BB&T checking account and either 1) use online bill pay for 3 bill payments with a minimum payment of...Continue Reading
Update 2/28/14: The 11-month CD special has ended.
United Legacy Bank has a nice CD promotion. It’s offering a special 11-month CD with a 1.15% APY. Minimum deposit is $1,000, and the maximum is $99,000 per depositor. This special doesn’t appear to be listed at the bank’s website. A reader emailed me news of this, and I contacted the bank for additional information. This special was available as of 2/6/2014.
A branch visit is required to open this CD. United Legacy Bank branches are located in the Central Florida cities of Orlando,...Continue Reading
PNC Bank has started to offer a $200 checking account bonus. This is an upgrade to the bank’s usual $150 bonus. You still have to be careful to avoid monthly service charges. Here’s the link to PNC’s promotion page. The offer is scheduled to end on 2/28/2014. You can open the account online or choose to have them email you a coupon to take to a branch. Here's a summary of the requirements to qualify for the bonus:
Fifth Third Bank has a new checking account promotion. They’ll give $150 to Stand Up To Cancer and $150 to you when you open a new checking account with direct deposit and make three online bill payments. The account must be opened by March 31, 2014. The direct deposit and the three online bill payments must be completed within 90 days of account opening to qualify for the bonus. Bonus will be deposited into the new checking account within 6 weeks of completing requirements. The full details of this offer...Continue Reading
HomeBanc has another short-term CD special. The new one is a 3-month CD with a 1.50% APY. Minimum deposit is $5,000, and the maximum deposit is $75,000. Only one CD offer is allowed per household. Funds must be new money to HomeBanc, and the offer is not available to customers who have participated in CD promotions and closed their HomeBanc accounts within the previous 24 months. This special rate is listed at the bank's rates page as of 1/28/2014.
This bank has a history of offering short-term CD specials. In previous...Continue Reading