CD Specials with Competitive Rates at Premier Bank in Northwest Florida - Local Only

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Premier Bank is offering two competitive CD specials: a 2.01% APY 13-month CD and a 2.26% APY 18-month Bump-Up CD. Minimum deposit is $10,000. These rates are listed at the bottom of the bank's rates page as of 2/05/2010.

The bank also has a reward checking account which I first reported on in April 2007 when the account was paying 6% for up to $50K. As you might expect, the rate has fallen substantially. It's now 1.81% APY for up to $50K (see review).

It appears that a branch visit is required to open an account. Branches are located in Tallahassee and Quincy, Florida.

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 ratings are based on 9/30/09 financial data. The bank has been a FDIC member since 1995 (FDIC Certificate # 33992).

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The bank also offers competitive rates for its money market and checking accounts. The rates are down a bit since my June post, but they're...

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1.81% Reward Checking Account at a Florida Bank (Premier)

Update 2/05/2010: The top yield has fallen to 1.81% APY. Refer to the bottom of the post for the rate history.

Premier Bank is offering a rewards checking account with a yield of 1.81% APY on balances up to $50,000 (0.89% on over $50K). This rate and ATM refunds require the typical rewards checking monthly conditions: 10 check card transactions, 1 direct deposit or pre-authorized electronic payment and online E-Statements. If these are not met, the rate falls to 0.11%. The account has no minimum balance requirements.

Branches are located in Tallahassee...



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Update 4/30/09: Yield has fallen to 2.50% APY.
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Old Southern Bank continues to offer a high yield on its Investment Checking account. It pays 5.25% APY for balances of $10,000 or more. If the average balance falls below $10K, the rate falls and a monthly fee of $25 is charged. Unlike many other high yield...





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