A Few Competitive CD Rates at TotalBank in South Florida - Local Only

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TotalBank continues to offer some good CD deals. Rates have fallen since my April review, but that's no different than any other bank. The best deals continue to be the long-term bump-up CDs and the short-term promotional CDs. The bump-up CD deals include a 2.00% APY 5-year CD and a 1.50% APY 35-month CD. The short-term promo rates include a 1.00% APY for 7 months and 1.10% APY for 11 months. These promo rates require new money. Minimum deposit is $1,000. These rates are listed in the bank's rates sheet as of 11/15/2011.

TotalBank used to offer high rates on its short-term e-CDs, but these rates are now all way below 1.00%.

For the non e-accounts, a branch visit appears to be required. TotalBank branches are located throughout Miami-Dade County.

The bank's overall health score at DepositAccounts.com is 5 stars (out of 5) with a Texas Ratio of 7.05% (excellent) based on June 2011 data. Please refer to our financial overview of TotalBank for more details. The bank has been a FDIC member since 1974 (FDIC Certificate # 21468).

How These CD Rates Compare

It might be hard to believe, but a 1.00% APY is very competitive for CD terms under 1 year. Internet banks' best 6-month CD yields are under 0.90%. One exception is Atlantic Coast Bank which is offering a special internet 7-month CD with a 1.00% APY. Ally Bank's 11-month No-Penalty CD yield is just a little lower at 0.95%. This can be made into any term from 7 days to 11 months. The best 1-year CD rate that's nationally available continues to be 1.30% APY at Alliant Credit Union.

For the longer term CDs, TotalBank's bump-up CD rates are not quite as competitive compared to those available nationwide. For banks, the best 3-year and 5-year CD APYs are 1.70% and 2.25% at iGObanking.com. For all-access credit unions, the best 3-year and 5-year CD APYs are 2.12% and 2.83% at Velocity Credit Union.

For those in South Florida who prefer to bank locally, you can get higher 3-year and 5-year CD rates at Peoples Alliance Credit Union which is a New York based credit union, but it also has a branch in Miami.

These rates are accurate as of 11/15/2011.

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.

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Competitive CD Rates Continue at TotalBank in South Florida - Local Only

TotalBank continues to offer some good deals on its certificates of deposit. Rates have fallen since my November review, but that's no different than any other bank. The best deals continue to be the long-term bump-up CDs and the short-term promotional CDs. The bump-up CD deals include a 2.50% APY 5-year CD and a 2.00% APY 35-month CD. The short-term promo rates include a 1.20% APY for 7 months and 1.30% APY for 11 and 13 months. These promo rates require new money. Minimum deposit is $1,000. These rates are...

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Competitive CD Rates at TotalBank in South Florida

TotalBank has some good deals on its certificates of deposit. For long-term CDs, the best rates are the bump-up CDs. These include a 2.80% APY 5-year CD and a 2.25% APY 35-month CD. These are also available as an IRA CD. For short-term CDs, TotalBank has a promotional rate of 1.30% APY for terms of 7, 11 and 13 months. These rates are listed in the bank's rates sheet as of 11/03/2010.

As a comparison to internet banks, the best 5-year CD rate is currently 2.75% APY at Sallie Mae Bank....

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2.55% Online CDs for Terms of 3 to 12 Months Plus 2.05% e-Savings at TotalBank in South Florida - Nationally Available
Update 7/15/09: The e-CD rate has fallen from 2.25% to 1.85% APY, and the e-Savings rate has fallen from 2.05% to 1.55% APY.

Update 6/27/09: The CD rate has fallen from 2.55% to 2.25% APY.

TotalBank is offering competitive rates on its online-only CDs and savings account. The online CD (called Total e-CD) has a 2.55% APY. It's available for terms of 3, 6, 9 and 12 months. Minimum deposit is $1,000. The online savings account (called Total e-Savings) has a 2.05% APY. These rates are listed in the bank's rate sheet...



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4.30% 7-, 11- and 13-Month CD at TotalBank in Miami
TotalBank is offering a CD special with an APY of 4.30% for terms of 7, 11 and 13 months. Minimum deposit is $1,000. The special is listed on the bank's website as of 11/26/08. The special CD is good for personal, business accounts and IRA's.

It appears a branch visit is required to open accounts. Branches are located throughout Miami-Dade County.

TotalBank has some decent financial ratings for soundness: 3 stars (performing) at Bankrate.com and 3.5 stars (good) at BauerFinancial. These ratings are based on 6/30/08 data. TotalBank is part of the...



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