Banco do Brasil Americas Offers 1-Year Promo CD, 2.25% APY

POSTED ON BY

Deal Summary: Promo CDs – 1-year (2.25% APY) and 2-year (2.50% APY), $1k minimum deposit, new money.

Availability: A portion of the product line is available nationwide.

Last week, Banco do Brasil Americas (BB Americas) added 90 bps to both its Promo CDs, with the 1-year earning 2.25% APY and the 2-year earning 2.50% APY. The Promo CDs require a minimum deposit of $1k of new money. According to the fine print on the Rates page, “Internal transfers are not accepted to open a new CD with the promotional rates.”

APYMINMAXINSTITUTIONPRODUCTDETAILS
2.50%$1k-Banco do Brasil Americas2 Year CD Promotion - New Money Only
2.25%$1k-Banco do Brasil Americas1 Year CD Promotion - New Money Only
Rates as of April 20, 2018.

As stated in the e-CD FAQs, the Early Withdrawal Penalty reads as follows:

  • Accounts closed before 12 months: The penalty fee will be an amount equal to 90 days interest earned on the amount withdrawn.
  • Accounts closed after 12 months: The penalty fee will be an amount equal to 180 days interest earned on the amount withdrawn.
  • Availability

    Headquartered in Miami, Banco do Brasil Americas offers a portion of its product line to all U.S. citizens and residents alien, 18 years or older, with a valid Social Security number and a U.S. mailing address.

    Opening a Promo CD with BB Americas can be done online or at any of five Florida branches, located in Aventura, Boca Raton, Lighthouse Point, Miami, and Orlando. e-CD, e-Classic Checking, and e-Money Market accounts can also be opened online.

    The Online Account Opening FAQs state,

    You may fund your e-CD by performing a wire transfer. Your account information
    will be made available to you via encrypted e-mail, once your application is approved.

    Bank Overview

    Banco do Brasil Americas has an overall health grade of "A+" at DepositAccounts.com, with a Texas Ratio of 0.12% (excellent) based on December 30, 2017 data. In the past year, the Bank has increased its total non-brokered deposits by $90.55 million, an excellent annual growth rate of 21.16%. Please refer to our financial overview of Banco do Brasil Americas (FDIC Certificate # 26725) for more details.

    BB Americas is part of the Brazil-based bank holding company Banco do Brasil S.A. BB Americas is currently the 37th largest bank headquartered in Florida, with assets in excess of $594 million. Originally founded in 1986 as the TransFlorida Bank of Palm Beach, the Bank changed its name to EuroBank in 1991. In 2012, the BB Americas rebrand occurred when Banco do Brasil S.A. expanded into the U.S. market.

    How the CDs Compare

    When compared to the 249 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available nationwide, Banco do Brasil Americas’ 1-year CD APY currently shares the top billing with My eBanc’s 12-months Online Time Deposit.

    Interest RateCD Length of TermCredit Union/Bank
    2.25% APY1-Year CDBanco do Brasil Americas
    2.20% APY12-Month PurelyCDBankPurely
    2.17% APY12-Month CDLimelight Bank

    When compared to the 240 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available nationwide, Banco do Brasil Americas’ 2-year CD APY currently ranks fourth.

    Interest RateCD Length of TermCredit Union/Bank
    2.60% APY24-Months Online Time DepositMy eBanc
    2.55% APY2-Year CDLive Oak Bank
    2.50% APY2-Year CDBanco do Brasil Americas

    The above rates are accurate as of 4/16/2018.

    To search for the best CD rates, both nationwide and state specific, please refer to our CD Rates Table page.

    Related Pages: Miami CD rates, Orlando CD rates, West Palm Beach CD rates, 1-year CD rates, nationwide deals

    Comments

    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 feedback@depositaccounts.com 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.