Anderen Bank is offering several competitive CD rates. These are not listed at the bank's website. A reader emailed me info on these. I just called the bank and confirmed that they're still available. According to the bank representatives, the rates are effective as of today (6/04/2010) and are subject to change at any time. Below is a list of some of the best rates:
- 1.75% APY 12-month CD
- 2.00% APY 24-month Option CD
- 2.15% APY 24-month CD
- 2.90% APY 36-month CD
Minimum deposit is $1,000. Jumbo CDs with a $100K minimum deposit have rates 10 basis points higher.
The Option CD allows a one-time penalty-free early withdrawal of up to 50% of the initial deposit. It allows a one-time bump-up in the rate, and it allows unlimited add-on deposits of at least $500. This add-on feature can come in handy if rates stay low.
A branch visit is required to open an account. It appears to be available at all of their Florida branches. I confirmed these rates at their Winter Park and Tampa offices. They also have branches at Clearwater and Palm Harbor.
The bank's ratings for safety and soundness are a little weak: 3 stars (adequate) at BauerFinancial and 2 stars (below peer group) at Bankrate.com. Both of these are based on 12/31/09 financial data. However, the overall health score at DepositAccounts.com is 5 out of 5. This is based on 3/31/10 financial data (see our Anderen Bank rates and reviews page). The bank has been a FDIC member since 2007 (FDIC Certificate # 58578).
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.