Competitive CD Rates at Anderen Bank in Florida - Local Only


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 Both of these are based on 12/31/09 financial data. However, the overall health score at 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).

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