First Green Bank (FL) Has MMA Rate Promo And 18-Month Flex CD


Availability: Market area includes the Florida counties of Lake, Orange, and Volusia, but a new branch is scheduled to open soon (August 22) in Ft. Lauderdale in Broward County.

First Green Bank is advertising a promotional rate (1.50% APY) on its Green Money Market account on its home page. Unfortunately, about half of the account’s details are covered up by the Bank’s Online Banking sign-in, which seems to be immovable (at least on my computer using Google Chrome). I called the Bank and a very helpful CSR read the hidden information to me, which I have summarized below. (I was also able to find a direct link to the MMA promo image.)

Green Money Market Promo Rate

  • 1.50% APY for balances of $100k+ guaranteed for six months from account opening, with a checking account with a minimum direct deposit of $1k per month.
  • Balances below $100k, or balances without a checking relationship, will earn 1.00% APY, guaranteed for six months from account opening.
  • ALL deposits must be new money, “from another financial institution.”
  • At the end of the six months, the Green Money Market becomes a tiered rate account.
  • A minimum of $2.5k must be maintained to earn the stated APY.

18-month Flex CD

First Green Bank is also offering an 18-month Flex CD (1.25% APY), which does not appear on its Rates page. The minimum deposit is $1k of new money, with a $250k balance cap. The “Flex” part of the CD refers to the one-time rate increase anytime during the life of the CD, and the ability to make additional deposits (new money) throughout the life of the CD.

  • Additional deposits must be made in increments of $100, up to ½ of the initial deposit.
  • There is no limit of the number of additional deposits that can be made, but the additional deposits cannot total more than ½ of the initial deposit. For example, if the initial deposit was $50k, you are limited to $25k in additional deposits.
  • You can withdraw up to ½ of the initial deposit without a penalty. If you withdraw more than ½, the penalty can be up to six months interest.

Free Pizza For 1 Year

Now through December 31, 2016, when you open a new checking account with a minimum monthly direct deposit of at least $1k, you will receive $20 per month in free Mellow Mushroom “Mellow Bucks” for the 12 months following the opening of the new checking account.

Thanks to the DA reader who spotted First Green Bank’s Green Money Market special rate in the Orlando Sentinel, and to DA reader, jclampett, for his Forum post about Free Pizza.


Headquartered in Orlando, First Green Bank has a market area that includes the Florida counties of Lake, Orange, and Volusia. As the first step in an expansion into South Florida, a branch location will be opening on August 22, 2016 in Ft. Lauderdale, with a ribbon cutting ceremony on August 26 at 4 pm. The public is invited.

Opening any of the above mentioned products can be done online, or at any of five Florida branches located in Clermont, Orlando (2), Ormond Beach, and Winter Park.

Bank Overview

First Green Bank (FDIC Certificate # 58874) has an overall health grade of "A+" at, with a Texas ratio of 2.84% (excellent) based on March 31, 2016 data. In the past year, First Green Bank has increased its total deposits by $52.63 million, an excellent annual growth rate of 17.87%. Please refer to our financial overview of First Green Bank for more details.

In 15 years, First Green Bank has grown to become Florida’s 52nd largest bank, with assets in excess of $411 million. With its new expansion into South Florida, the Bank continues its impressive growth that began when it reached profitability only 19 months after opening. First Green Bank is proud of its 5-star Bauer Financial rating, which it maintained for ten consecutive months.

As one of the first banks in the United States which has an environmental and
social mission, First Green Bank was founded in 2009 by a team of experienced and
successful local bankers after being given the last bank charter in the state of Florida.

How the MMA Compares

When compared to the 171 Money Market Accounts tracked by that are available to residents in the Bank’s market area, First Green Bank’s Green Money Market Special Rate currently ranks first, regardless of minimum deposit.

How the Flex CD Compares

When compared to the 148 similar length-of-term CDs tracked by that require a similar minimum deposit and are available to residents in the Bank’s market area, First Green Bank’s 18-Month Flex CD APY currently ranks in the top 13 rates. The 18-Month Flex CD’s one-time rate increase and additional deposits only enhance its competitiveness.

The above rates are accurate as of 8/15/2016.

To look for the best Money Market rates, both nationwide and state specific, please refer to our Money Market rates table or our Rates Map page.

To look for the best CD rates, both nationwide and state specific, please refer to our CD rates table or our Rates Map page.

Anonymous   |     |   Comment #1
Looking at the application page briefly, I notice that the form says one consents to receiving communications regarding the account electronically.  How safe is anyone's Email account?  I would not open this account under these circumstances.   I would never put sensitive information such as date of birth, social security number, family names etc. into Emails.  I note the "Availability" section of the post lists parts of Florida.  I wonder if one opened the account in person if one still had to "receive communications electronically?"  This would be another push to getting all of us to accept “digital banking without any other options.”   Although I do use online access to some of my bank/credit union accounts, I still prefer to be able to drive to a location and do in person banking.   I also have the telephone numbers of the representatives who opened the accounts for me to begin with.  I do not wish to be pushed into doing everything electronically and will avoid any financial institutions that make such a requirement.  Additionally, I noticed that if one attempted to sign up for an account, one would have to check a box that states that First Green Bank is not responsible for the privacy of linked websites and asks for the individual to check OK or cancel.   It tells the individual to check out the privacy policy of the linked website.   The linked website is the application for opening an account and asks for all your personal information and bank account information if you are initiating transfers.
Anonymous   |     |   Comment #2
Many banks use electronic statements and personal info via e-mail. The mail they send you is encrypted and is as secure as if you are banking at there web site. Many require password to open it, similar to Incredible bank e-statements if you have ever had an account with them.
Some banks send you to a third party secure web site where you fill the forms or read the correspondence.
First Green Bank's Special 2-Year Flex CD in Florida - Usefulness of Flex CDs?

If you're considering a CD but you're concerned about being locked into a CD in today's low-rate environment, you might want to look into flexible CDs. One bank that's offering a flexible CD is First Green Bank in Central Florida. It's advertising a 24-month Flex CD with a 1.10% APY. The CD has three flexible features:

  1. add-on: make additional deposits up to one-half the initial principal balance
  2. withdrawal from: one withdrawal up to one-half the initial principal balance without penalty during the original term
  3. increase rate: increase the rate one time during the...
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