2.01% 7-Month CD at Eastern National Bank in South Florida - Local Only


Eastern National Bank is offering a 2.01% APY 7-month CD. Minimum deposit is $20,000. This CD isn't listed at the bank's website. A reader emailed me news of this, and I contacted the bank today and confirmed it's still available as of 8/20/09.

A branch visit is required to open an account. Branches are located in Miami, Hialeah and Coral Gables.

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 3/31/09 financial data. The bank has been a FDIC member since 1969 (FDIC Certificate # 20026).

Thanks to the reader who emailed me news of this CD.

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