2.02% 11-Month CD Special at First Citizens Bank in South Florida - Local Only

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First Citizens Bank is offering a special 2.02% APY 11-month CD at the former branches of Sun American Bank. Minimum deposit is $2,000, and there appears to be no checking requirement. A reader mentioned this in the comments from last week, and I confirmed with the bank rep today (3/24/10) that this special rate is still available. It's not listed on the bank's websites.

A branch visit is required to open an account. Branches are located in several cities of South Florida including Boca Raton, Delray Beach, Boynton Beach, Palm Beach Gardens, Tequesta, Stuart, Hollywood, Miami, Miami Beach, Coral Gables.

Sun American Bank was seized by regulators on March 5th, and the FDIC arranged for First Citizens Bank to acquire Sun American. This is another case of an acquiring bank offering CD specials at the branches of the former failed bank to ensure they maintain the deposits. Last week I reported on a similar CD special offered by First Citizens' Southern California branches that used to be Temecula Bank. It has been a while since Temecula failed (July 2009), so perhaps we'll see CD specials at the Sun American branches for several months.

First Citizens Bank's ratings for safety and soundness are strong: 5 stars (superior) at BauerFinancial (based on 12/31/09 data) and 4 stars (sound) at Bankrate.com (based on 9/30/09 data). The bank has been a FDIC member since 1934 (FDIC Certificate # 11063).

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2.15% 18-Month CD at First Citizens Bank in NC - Local Only

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First Citizens Bank has branches in several states. However, not all are operating under the name First Citizens Bank. According...

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Firsts Citizens Bank has a check card reward program called FreeMoney in which you can earn close to 4% cash back on your debit card purchases with a maximum of $500 per year. Unlike other debit card and credit card cash back reward programs, this requires some work if you want to maximize the cash back reward.

First, you're required to open the First Citizens personal checking account and FreeMoney Bonus Savings Account. To earn cash back, the following debit card usage is required:

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