Competitive CD Specials at Central Bank in MN & Southwest FL - Local Only


Central Bank is offering four CD specials with competitive rates. These are a 2.10% APY 59-month CD, a 1.25% APY 25-month CD, a 1.00% APY 17-month CD and a 0.85% APY 11-month CD. Minimum deposit is $1,000, and the maximum is $100,000. These special rates are listed at the bottom of the bank's Minnesota rates page as of 1/24/2012. I was told these also apply to the bank's Florida branch.

A branch visit is required to open an account. Most of Central Bank branches are located in Minnesota and Wisconsin in the Minneapolis/St. Paul metro area. There's also one branch Fort Myers.

The bank has an overall health score at of 3 stars (out of 5) with a Texas Ratio of 33.75% (below average) based on September 2011 data. Please refer to our financial overview of Central Bank for more details. The bank has been a FDIC member since 1988 (FDIC Certificate # 27234).

How These CD Rates Compare

If you're looking for 5-year CDs in Florida, it's hard to find rates over 2.00%. If you're in Minneapolis, you're fortunate to be eligible to join Wings Financial Credit Union which is offering a 2.32% APY 5-year CD and a 1.41% APY 2-year CD. The best 5-year and 2-year CD rates that's nationally available is 2.68% APY and 1.41% APY at Melrose Credit Union. For nationally available banks, the best 5-year and 2-year CD rates are 2.15% APY at US Bank (59 months) and 1.30% APY at American Express Bank. These rates are accurate as of 1/24/2012.

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

5.50% 12-Month CD at a Florida Bank (Bank of Naples)
Bank of Naples is having a grand opening special with a 5.50% APY 12-month certificate of deposit. The minimum deposit is $10,000. It requires opening a new checking account. They're also offering a 5.25% APY money market account with a $25K minimum, but the yield is only guaranteed till 10/15/07. These specials don't seem to be listed at the bank's website. They were advertised in today's Naple Daily News. The ad is available online here.

Branches are located in Naples and in Bonita Springs, FL. The bank is FDIC insured (Certificate...

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5.61% 60-Month CD at a Minnesota Bank
Mainstreet Bank is offering a 5.61% 60-month CD. The minimum deposit requirement is $2.5K. There is also a 4.80% 11-month CD special with a minimum of $1K.

Mainstreet Bank has branches in the following Minnesota cities: Center City, Centerville, Cottage Grove, Forest Lake, Newport, South St. Paul and Woodbury.

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