3.50% Money Market Account Guaranteed Until 6/30/08 at Florida Capital Bank

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Florida Capital Bank is advertising a money market account with a yield of 3.50% APY guaranteed through 6/30/08. The guarantee is only for balances under $500,000. It requires a $2,000 minimum balance to avoid a $10/month maintenance fee. Accounts closed within the first six months will be charged an early closure fee. This special doesn't seem to be listed at the bank's website. It was advertised in yesterday's St. Petersburg Times newspaper. The ad is available online here.

In addition to the money market special, the ad also lists some competitive CD rates: 3.50% APY 1-year, 4.00% APY 3-year and 4.40% APY 5-year. The minimum deposit is $1,000.

It appears a branch visit is required to open accounts, and it's not clear if these specials are available at all of their branches. The branches listed in the ad are located in St. Petersburg, Tarpon Springs, Pinellas Park and Tampa. Please refer to their location page for a full list of locations and phone numbers. Branches are located throughout South, Central and North Florida. The bank has been FDIC insured since 1985 (FDIC Certificate # 26323).
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5.25% Money Market Account Guaranteed to 2/29/08 at Florida Capital Bank
Florida Capital Bank is offering a money market account with a yield of 5.25% APY guaranteed until 2/29/08. The yield applies to all balances, but there is a $2,000 minimum balance to avoid a $10/mo fee. After the promo ends, the standard tiered rates will then apply. This special doesn't seem to be listed at the bank's website. It was advertised in a Tampa newspaper today (online ad available here). I called the bank and was told it's available at all of their Florida branches.

According to the customer service rep,...

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