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Axiom Bank (FL) 9-Month CD Special Has Rate-Leading APY

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Deal Summary: 9-Month CD Special, 6.00% APY, no min/max deposit, new money.

Availability: Market area includes five central Florida counties.

Now through June 15, 2023, Axiom Bank (Axiom) is offering a 9-Month CD Special with an excellent 6.00% APY. This limited-time promotion requires new money, which is defined as funds not currently on deposit in an Axiom account; brokered or institutional funds are not permitted. As stated on the Personal CD/IRA page, there is “No minimum or maximum deposit.”

According to CSR, partial withdrawals are not allowed: a 9-month CD Special would have to be closed early with a 6-month Early Withdrawal Penalty. If closed within six months of opening, the 9-month CD Special principal would be reduced.

Availability and Account Opening

Headquartered in Maitland, Florida, Axiom Bank has a brick-and-mortar presence in the central Florida counties of Manatee, Orange, Osceola, Polk, and Volusia.

Opening a CD can only be done in-branch at any of the seven full-service Florida branches located in Maitland, Palmetto, Port Orange, Saint Cloud, Winter Garden, Winter Haven, and Winter Park. Appointments are available and can be scheduled online.

Funding and Other Details

The following information was obtained from a conversation with an extremely helpful CSR.

  • Funding – Cashier’s check or personal check (recommended), ACH, or wire ($15 fee).
  • Ownership – Individual, joint, or trust.
  • Interest – Compounded/credited monthly and can be transferred to an internal or external account.
  • Maturing Funds – Cashier’s check to address on file or internal transfer to a Axiom Bank account.
  • Beneficiaries – Unlimited, percentages can be assigned; Social Security numbers not required.
  • Grace Period – 10 calendar days before automatic renewal as a 6-month CD.
  • Credit Check – None.

Bank Overview

Axiom Bank has an overall health grade of "A+" at DepositAccounts.com, with a Texas Ratio of 4.17% (excellent), based on December 31, 2022 data. In the past year, Axiom Bank has increased its total non-brokered deposits by $40.38 million, an excellent annual growth rate of 8.3%. Please refer to our financial overview of Axiom Bank (FDIC Certificate # 31390) for more details.

Established in 1963 as Washington Shores Federal Savings and Loan Association (Orlando), Axiom Bank is currently the 41st largest bank headquartered in Florida with assets in excess of $661 million and nearly 14,000 customer accounts. The road leading to the Axiom rebrand is a bit convoluted involving four other banks, acquisitions, and rebrands, culminating in 2014 when Urban Trust Bank took over seven SunTrust branches and formally changed its name to Axiom Bank.

How the 9-Month CD Special Compares

When compared to similar length-of-term CDs tracked by DepositAccounts.com that are available within the market area and have minimum deposit requirements of $10k or less, no banks or credit unions have higher rates than currently offered on the 9-Month CD Special. The following table compares the 9-Month CD Special to the two highest-rate CDs from other banks and the two highest-rate CDs from credit unions.

The above information and rates are accurate as of 5/21/2023.

To look for the best CD rates, both nationwide and state specific, please refer to our CD rates table page.

Related Pages: Orlando CD rates, Tampa CD rates, 1-year CD rates



$100 Checking Account Bonus at Urban Trust Bank in FL & DC - Local Only
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POSTED ON TUESDAY, MARCH 8, 2011 BY KEN TUMIN

Urban Trust Bank is offering a $100 bonus for opening one of its consumer checking accounts, establishing direct deposit and for making 5 debit card transactions per month over 3 months. This bonus is listed on the bank's front page and in the bank's promotion microsite. The offer expires 3/18/2011.

Here's the small print of the offer:

It appears any of their consumer checking accounts can qualify. They do offer a free checking account with no monthly fees. Their interest checking account, Urban Select Checking, requires a $1,000 balance to avoid a...



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3.00% 12-Month CD & 4.50% 60-Month CD at Urban Trust Bank in FL & MD - Local Only
Comments
POSTED ON THURSDAY, JULY 23, 2009 BY KEN TUMIN
Update 7/18/09: Rates have fallen again. Please check the bank's website for the latest rates.

Update 7/03/09: Rates were cut by 25 basis points on all CDs, on the Urban Select Money Market Account and on the Urban Select Money Market Account. Even with these cuts, the rates remain very competitive.

Update 4/18/09: The 12-month CD rate has fallen to 2.75% APY, but the longer term CD rates remain unchanged.

Urban Trust Bank recently raised the yield on its one year CD from 2.50% to 3.00% APY, and they continue to offer very...





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Update on Urban Trust Bank in FL & MD - High Rates Continues, New FL Branches
Comments
POSTED ON WEDNESDAY, JULY 15, 2009 BY KEN TUMIN
Update 7/15/09: Rates were slashed on many of the CDs, the checking and money market accounts. The top CD rate is now 3.50% APY for a 60-month term. Refer to the bank's website for the latest rates.

Update 7/03/09: Rates were cut by 25 basis points on all CDs, on the Urban Select Money Market Account and on the Urban Select Money Market Account. Even with these cuts, the rates remain very competitive.

Urban Trust Bank continues to offer very competitive rates on its checking account, money market account, CDs and...



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4.50% 60-Month CD & 4.00% 39-Month CD at Urban Trust Bank in FL & MD
Comments
POSTED ON FRIDAY, JULY 3, 2009 BY KEN TUMIN
Update 7/03/09: Rates were cut by 25 basis points on all CDs, on the Urban Select Money Market Account and on the Urban Select Money Market Account. Even with these cuts, the rates remain very competitive.

Urban Trust Bank still some has competitive long-term CD rates. Early last month it also had competitive short-term CD rates, but these have fallen quite a bit since then. The current long-term CD rates include a 4.50% APY 5-year CD, a 4.25% APY 4-year CD and a 4.00% APY 39-month CD. The 1-year CD had...

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2.50% Regular Checking Account at Urban Trust Bank in FL & MD - Local Only
Comments
POSTED ON FRIDAY, JULY 3, 2009 BY KEN TUMIN
Update 7/03/09: Rates were cut by 25 basis points on all CDs, on the Urban Select Money Market Account and on the Urban Select Money Market Account. Even with these cuts, the rates remain very competitive.

Urban Trust Bank continues to offer competitive checking account, money market account and CD rates. In my previous posts I've focused on their CD rates. The CD rates remain competitive, but another thing to note is a regular type of checking account called the Urban Select Checking. As listed in the bank's rate table as...

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The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.