5.45% 7-Month / 5.45% 11-Month CD at a Florida Bank (First Florida).

POSTED ON BY

First Florida Bank is offering a special CD with a yield of up to 5.45% APY for terms of 7 to 11 months. The minimum deposit is $15,000. The 5.45% yield is available for existing customers or those who open a checking or money market account at the time of opening the CD. Otherwise, the yield is 5.35% APY.

This special CD doesn't seem to be listed at the bank's website. A reader emailed me info on this, and I just called for additional details. The CSR said that it should be available at all of their branches. A branch visit is required. She didn't know how long this special CD would last.

Branches are located in Bonita Springs, Fort Myers, Naples, Port Charlotte, Venice and Winter Park, Florida. The bank is FDIC insured (Certificate # 35105).

First Florida Bank was recently included in TheStreet's article Six Florida Banks Depositors Should Worry About due to bad construction loans. However, being a subsidiary of Synovus Financial, a multibank holding company with $33.6 billion in assets, is mentioned as a major advantage.

The bank has a 2 out of 5 star rating (below peer group) at Bankrate.

Thanks to the reader who emailed me info on this special.
Comments
5.40% 7-Month / 5.40% 9-Month CD at a Florida Bank (First Florida)
First Florida Bank is offering a CD special with a yield of 5.40% APY for terms of 7, 8 and 9 months. The minimum deposit is $5,000. This minimum can be waived if you also open one of the bank's checking accounts. This promotion is available at all of the bank's branches. These CDs don't seem to be listed at the bank's website. A reader emailed me info on this, and I contacted the bank today for additional details.

Branches are located in Bonita Springs, Fort Myers, Naples, Port Charlotte, Venice...

Continue Reading
5.50% 15-Month CD at a Florida Bank
First Florida Bank is advertising a 5.50% APY 15-month certificate of deposit. The minimum deposit is $1K. This special is not listed at the bank's website. It was advertised in Monday's Orlando Sentinel newspaper.

The bank has branches in the Florida cities of Winter Park, Naples and Ft. Myers.

Continue Reading
5% 15-Month CD at a Florida Bank
The First Florida Bank is advertising two CD specials in this Sunday's Orlando Sentinel. The first is a 5.00% APY 15-month CD. The second is a 4.50% APY 6-month CD. Both have a minimum deposit requirement of $1K. The branch listed in the ad was at Winter Park, Florida (phone: 407-691-7006).

The specials are not listed on the bank's website, and it's not known if these special certificates are available at the bank's other branches.

In addition to the Winter Park branch, First Florida Bank has branches in Naples and Ft. Myers,...



Continue Reading