Internet CD Specials with Top Rates at Atlantic Coast Bank


Atlantic Coast Bank is offering two internet CD specials with very competitive rates. These are a 1.25% APY 15-month CD and a 1.05% APY 7-month CD. Minimum deposit is $1,000. These rates are listed in the bank's rates page as of 10/20/2011.

These accounts can be opened online, and according to the application, they welcome all U.S. residents to apply. It does require that you are either a U.S. citizen or resident alien. One nice feature of the online application is that it allows for two POD beneficiaries. The link to the application is in the rates page.

In addition to the CDs, they also have online applications for a money market account and a reward checking account. The rates aren't anything to get excited about. The money market is a tiered-rate account with a top rate of 0.75% for a $75K balance. The reward checking account's top rate is 2.00% APY on balances up to $15K. It has quite a bit of history. I first reviewed the account in July 2008. The bank has branches in southeast Georgia and northeast Florida. Three branches are in Jacksonville.

The bank's financial health is a little weak. It has an overall health score at of 2 stars (out of 5) with a Texas Ratio of 70.28% (below average) based on June 2011. Please refer to our financial overview of Atlantic Coast Bank for more details. The bank has been a FDIC member since 1939 (FDIC Certificate # 45826).

How These CD Rates Compare

The 15-month CD rate is a little higher the best nationally available 1-year CD rate. That's 1.15% APY at CIT Bank. The CIT Bank 1-year CD has the advantage of allowing an add-on deposit and a rate bump (see review). The best 1-year CD rate at an all-access credit union is 1.30% APY ($25K minimum) at Alliant Credit Union. For terms under 1 year, Ally Bank's 11-month no-penalty CD is the best nationwide deal with a 1.01% APY.

Rates are accurate as of 10/20/2011.

Searching for Top CD Rates

To search for nationwide CD rates and CD rates in your state, please refer to the best CD rates section of

Edit 10/21/11: Corrected term of the CD special.

Related Pages: CD rates, IRA rates

S_S   |     |   Comment #1
I checked the page on bank's website, the CD term is 15 months (not 13) for 1.25% APY ..
KenBDG   |     |   Comment #2
Thanks. The term is now corrected.
High-Yield Reward Checking Account at a Florida Bank (Atlantic Coast)

Update 8/15/2010: The top rate has fallen from 3.01% to 2.01% APY. Refer to the bottom of the post for the rate history.

Atlantic Coast Bank is offering a reward checking account called iKasasa Cash that pays 2.01% APY on balances up to $15,000 (0.50% for above) and refunds ATM fees of up to $25 per cycle if the following monthly requirements are met:

  • 10 debit card purchases
  • one direct deposit or auto debit
  • receive eStatements

If these are not met, the rate falls to 0.05%. The minimum initial deposit is $100. There are no...

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2.40% 24-Month Internet CD at Atlantic Coast Bank - Available Nationwide
Atlantic Coast Bank is offering a 2.40% APY 24-month CD. It's part of the bank's iCertificates of Deposit. The other rates are not quite as competitive. They include a 1.10% APY 6-month CD, a 1.60% APY 12-month CD and a 2.85% APY 36-month CD. These rates are listed in the bank's internet products page as of 10/27/09.

In addition to the CDs, they also have online account applications for a money market account and a reward checking account. The rates for both of these accounts are not too exciting. As of...

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5.00% 60-Month CD at a Florida/Georgia Bank (Atlantic Coast).
Update 8/2/08: The CD rates have gone down. Please refer to the credit union's website for the latest rates.

Atlantic Coast Bank is offering a 5.00% APY 60-month CD. The minimum deposit is $1,000. It's also available in an IRA. The shorter term CD rates are not quite as competitive. These include a 3.50% APY 12-month CD and a 4.00% APY 24-month CD.

It appears a branch visit is required to open new accounts. Florida branches are located in Jacksonville, Orange Park, Lake City, Neptune Beach and Fernandina Beach. Georgia branches...

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10% 12-Month CD at a Florida Bank - $1K Max (Atlantic Coast)
Atlantic Coast Bank is having a special at its Julington Creek branch. They're offering a 10% APY 12-month certificate of deposit to new customers. The minimum and maximum deposit is $1000. Only one per household is allowed. This special is not listed on the website. A reader mentioned this special, and I called for the details. The CSR did not know how long this special would last. The reader also mentioned that the bank allows you to open an additional 10% 12-month CD if you open a no-minimum checking account....
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