Top CD Rates in South Florida at Professional Bank - Local Only


Professional Bank is offering some competitive short-term and mid-term CD rates. The best is the 18-month CD which has a 1.46% APY for a $1K minimum deposit and 1.51% APY for a $100K minimum deposit. Other competitive CDs include a 1.21% APY 1-year CD and a 1.56% APY 2-year CD. Both of these have a $1K minimum deposit with no Jumbo rate. These rates are not listed at the bank's website. A reader emailed me about these, and I just called the bank and confirmed them. These rates are effective as of 6/22/2011 and they are subject to change at any time.

The bank does have a history of competitive CD rates. I last reported on the bank in December when they were offering short-term CD specials.

A branch visit is required to open an account. Professional Bank is a small bank with one office located in Coral Cables, Florida which is just south of Miami.

It's also a new bank that was established in 2008. One good aspect of this is that the bank isn't weighed down by lots of bad loans. The bank has an overall health score at of 4 stars (out of 5) with a Texas Ratio of 3.19% (excellent) based on March 2011 data. Please refer to our financial overview of Professional Bank for more details. The bank has been a FDIC member since 2008 (FDIC Certificate # 58862).

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Related Pages: Professional Bank, Miami, West Palm Beach, CD rates

Top Short-Term CD Specials at Professional Bank in South Florida - Local Only

Professional Bank is offering two competitive short-term CD specials: 1.75% APY 1-year CD and a 1.50% APY 6-month CD. These require a checking account with a minimum $1K balance. These specials aren't listed at the bank's website. A reader emailed me news of these, and I called today (12/28/2010) for additional details. According to the bank rep, these should last at least through the end of year.

As a comparison to internet banks on 12/28/2010, the best 1-year and 6-month CD rates are 1.41% APY and 1.11% APY at Bank...

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