Platinum Bank is offering a special CD with a competitive rate. The CD has a 1.60% APY with a 25-month term. Minimum deposit is $5,000. This rate is listed at the bank's rates page as of 6/10/2011.
It appears a branch visit is required to open an account. Platinum Bank branches are located in the Florida cities of Tampa, Brandon, Plant City, Winter Haven and Lakeland.
The bank has an overall health score at DepositAccounts.com of 2 stars (out of 5) with a Texas Ratio of 34.39% (below average) based on March 2011 data. Please refer to our financial overview of Platinum Bank for more details. The bank has been a FDIC member since 1997 (FDIC Certificate # 34620).
How It Compares
The best nationally available 24-month CD rate for a bank is 1.55% APY at MetLife Bank, but this requires a minimum deposit of $25,000. The best 24-month CD rate at an easy-to-join credit union is 1.77% APY at Self-Help Credit Union. These rates are accurate as of 6/10/2011.
Searching for the Best CD Rates
To search for the best nationwide CD rates and the best CD rates in your state, please refer to the CD rates section of DepositAccounts.com.