First City Bank is offering a special 2.25% APY 15-month CD. Minimum deposit is $5,000, and the maximum is $250,000. According to the bank's promo page the special is scheduled to expire on 2/26/2010.
Update 6/17/10: The bank is no longer accepting accounts nationwide. This is now stated on the first page of the online application:
We currently accept applications from residents of Okaloosa, South Santa Rosa and South Walton counties.
There's an online application, and according to the CSR, this CD is available nationwide. One caveat is that you can't select the 15-month term in the application. According to the CSR, you can select a 12 or 18-month term and mention the 15-month term in the comments. According to the bank's instructions, one can open the CD by phone using their toll-free number (888-244-5151). However, a reader reported being told by the CSR that this is not an option.
They also offer a reward checking account which currently pays 3.01% APY for balances up to $25K. You can also apply online from any state to open this reward checking account (see post).
Branches are located in the Florida Panhandle cities of Fort Walton Beach, Destin and Mary Esther.
One thing that puts some cold water on this deal is that the bank isn't in the best financial shape. Its ratings for safety and soundness are very low: 0 star (lowest) at BauerFinancial and 1 star (lowest) at Bankrate.com. Both ratings are based on 9/30/09 financial data. The bank has also been operating under a FDIC Cease and Desist Order since 10/12/09. It's interesting to note that one of the restrictions the FDIC placed on the bank is on brokered deposits. As with any bank, make sure you keep under the FDIC limits. The bank has been a FDIC member since 1948 (FDIC Certificate # 16748).
Thanks to the reader me1004 who mentioned this special in the Open Discussion Thread.
Edit 2/03/10: Updated the phone option info for opening the CD.