3.00% 18-Month CD at Sunshine Bank in Florida

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Sunshine Savings Bank continues to offer some competitive CD rates. The best rates require a $50K minimum deposit. These include a 2.50% APY 12-month CD, a 3.00% APY 18-month CD, a 3.10% APY 24-month CD and a 3.50% APY 48-month CD. Rates are about 25 basis points lower for a $10K minimum and 50 basis points lower for a $1K minimum. Similar high rates are also available for Traditional and Roth IRAs. The 18-month CD IRA has a 3.10% APY. These rates are listed at the bank's rate table as of 4/21/09.

In this January post I describe how you may be able to open this special CD without a branch visit. It's definitely easier if you can visit a branch, and note that bank policies on this issue often change. Branches are located in the Florida cities of Tallahassee and Pembroke Pines which is located between Miami and Ft. Lauderdale. Update: I was just informed that they closed their Pembroke Pines branch on 4/15/09.

The bank has some decent ratings for soundness: 3.5 stars (good) at BauerFinancial and 3 stars (performing) at Bankrate.com. Both ratings are based on 12/31/08 financial data.

This is one of the rare banks that used to be a credit union. It changed to an FDIC insured bank in July 2007 (Certificate # 58452).

Other High Certificate of Deposit Rates

For top CD rates nationally available, refer to my weekly rate summary. Many of the best CD deals are only locally available. To find the best deals in your state, refer to the index of state CD and bank deals.
Comments
Anonymous
Anonymous   |     |   Comment #1
I called the bank...they said it is closed...out of business
Banking Guy
Banking Guy (anonymous)   |     |   Comment #2
Thanks for the info. I just called for additional info. The bank didn't close, but they did just closed the Pembroke Pines branch on 4/15/09. The branches in Tallahassee remain open. They have not updated their website with this information.
3.50% 13-Month CD & 3.15% 7-Month CD at Sunshine Savings Bank in Florida
Update 2/21/09: These special CD rates have fallen. Please check the bank's website for the latest rates.

Sunshine Savings Bank has recently lowered its special CD rates, but they remain very competitive. The two specials are now 3.50% APY for 13 months and 3.15% APY for 7 months. Minimum deposit is $1,000. These rates are listed in the bank's savings rates page as of 2/01/2009.

In this post from last month I describe how you may be able to open this special CD without a branch visit. It's definitely easier if you...



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3.95% 13-Month CD and 3.75% 7-Month CD at Sunshine Savings Bank in Florida
Update 2/12/09: The CD rates have fallen. Please check the bank's website for the latest rates.

Sunshine Savings Bank has two very competitive CD specials: 3.95% APY 13-month CD and a 3.75% APY 7-month CD. Minimum deposit is $1,000. These rates are listed on the bank's home page and in this savings rates page as of 1/20/2009.

For a previous CD deal in December 2007, I contacted the bank, and I was told the CDs can be opened by mail from any state. I called again today, and I was told the...



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4.00% 15-Month / 4.25% 48-Month CD at a Florida Bank (Sunshine Savings).
Update 5/10/08: The CD rates have fallen. Please see the bank's website for the latest rates.

Sunshine Savings Bank has a CD promotion with a 4.00% APY 15-month CD and a 3.60% APY 9-month CD. The minimum deposit is $1,000. The bank also has some competitive long term rates. The yield for the 48-month and 60-month CDs is 4.25% APY for a $50,000 minimum deposit. IRA certificate yields include 4.00% APY for the 18-month, 4.25% APY for the 36-month and 4.50% APY for the 60-month.

My last report on this promotion was...



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4.90% 13-Month CD at a Florida Bank (Sunshine Savings).
Update 2/16/08: The special CD rate has gone down. Please check the bank's website for the latest rates.

Sunshine Savings Bank has a CD promotion with a 4.90% APY 13-month CD and a 4.65% APY 7-month CD. The minimum deposit is $1,000. The bank also lists some competitive long term rates. The yield for the 48-month and 60-month CDs is 4.75% APY.

My last report on this promotion was in December 2007 when it was offering yields of 5.55% for the 13-month term.

When I contacted the bank last December, the CSR...





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5.55% 13-Month / 5.25% 7-Month CD at a Florida Bank (Sunshine Savings).
Update 12/15/07: The rates on these CD specials have fallen.

Sunshine Savings Bank has a CD promotion with a 5.55% APY 13-month CD and a 5.25% APY 7-month CD. The minimum deposit is $1,000.

My last report on this promotion was when they were a credit union. They converted to a bank in July. The good news about this is that you don't have to worry about qualifying for membership. However, they may require a branch visit to open accounts. I haven't contacted the bank to verify this.

Update 12/10/07: I just contacted...





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