Competitive 3-Year CD Rate at Broward Bank of Commerce in Florida - Local Only

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Rates have fallen at Broward Bank of Commerce since my last post in April, but the bank's 3-year CD and IRA CD rate remains very competitive with a 1.92% APY. The other terms are not quite as competitive. The best ones include a 2.02% APY 4-year CD and a 2.12% APY 5-year CD. Minimum deposit is $1,000. These rates are listed in the bank's rate sheet as of 8/25/2011.

The bank's money market account used to be more competitive when I reported on it last year. Now it's mostly a good deal only if you have a very large balance. The current rate for a $100K balance is 1.00% APY. It goes up to 1.35% APY for a $1M balance. These rates are also listed in the bank's rate sheet as of 8/25/2011.

Broward Bank of Commerce office is located in downtown Fort Lauderdale.

It's a new one-office bank that was established in January 2009. It has an overall health score at DepositAccounts.com of 5 stars (out of 5) with a Texas Ratio of 0% (excellent) based on June 2011 data. Please refer to our financial overview of Broward Bank of Commerce for more details. It has been a FDIC member since it was established (FDIC Certificate # 58813).

How this CD Rate Compares

It's hard to find 3-year CD rates over 2.00%. There is still one that's nationally available. It's a web CD with a 2.08% APY at University FCU. For a bank, the best rate is 1.90% APY at Airbanking. The other option is to choose a longer term CD which can have a higher yield even if you close the CD at 3 years. My latest discussion of the benefits and risks of this is in my post, Long-Term CD Strategy Review.

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.

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Competitive CD Rates at Broward Bank of Commerce in Florida - Local Only

Rates have fallen at Broward Bank of Commerce since my last post in August, but some of the CD and money market rates remain competitive. The best CD deal is the 3-year term which has a 2.12% APY. They also have two special CDs with some decent rates: 1.25% APY for 1 year and 1.55% APY for 2 years. The 3-year CD has a $1K minimum deposit, and the special CDs have a $10K minimum deposit and a $250K maximum. These are also available as IRA CDs. The bank just...

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Competitive CD and Money Market Rates at Broward Bank of Commerce in FL - Local Only

Broward Bank of Commerce continues to offer competitive CD and IRA CD rates. The rates have held since my last post on this bank was in May. The mid-term CD rates are the best deals: 2.40% APY 3-year CD, a 2.10% APY 2-year CD, a 1.75% APY 18-month CD and a 1.50% APY 1-year CD. The short-term CD rates are also competitive: 1.25% APY for 6 months and 1.00% APY for 3 months. These rates are low, but unfortunately, it's hard to find better short-term CD rates. Minimum deposit is...

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Competitive CD Rates at Broward Bank of Commerce in FL - Local Only

Broward Bank of Commerce continues to offer competitive mid-term CD and IRA CD rates. These include a 2.40% APY 3-year CD, a 2.10% APY 2-year CD, a 1.75% APY 18-month CD and a 1.50% APY 1-year CD. Minimum deposit is $1,000. These rates are listed in the bank's rate sheet as of 5/26/2010.

I last reported on this bank in February when 2-year CD rate was 2.35% APY.

Broward Bank of Commerce is a small bank with one office located in Fort Lauderdale.

The bank was established in January 2009, so it's too...





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2.35% 24-Month CD at Broward Bank of Commerce in FL - Local Only

Broward Bank of Commerce is offering a competitive 2-year CD which has a 2.35% APY. The other CD terms are not as competitive. The only other one of note is the 5-year CD which has a 3.15% APY. These are also available in an IRA. Another noteworthy account is the bank's money market account. It's a tiered account with a 1.45% APY for balances of $10K to $50K. The yield goes up to 2.10% APY, but this requires a $1 million balance. These rates are listed in the bank's rate...

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2.50% 24-Month CD, 3.50% 60-Month CD & a 2% Money Market Account at Broward Bank of Commerce in FL - Local Only
Broward Bank of Commerce is offering several competitive deposit rates. The most competitive CD rates are those with terms of 2 to 5 years. These include a 2.50% APY 24-month CD, a 2.75% APY 36-month CD, a 3.00% APY 48-month CD and a 3.50% APY 60-month CD. Minimum deposit is $1,000. The CDs are also available in an IRA. These rates are listed in the bank's rates sheet as of 10/22/09.

The bank also has a competitive money market account. It's a tiered account with a 2.00% APY for balances of...

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