Top 15-Month Special CD Rate at US Century Bank in South Florida - Local Only
US Century Bank is having a CD special with some good short-term CD deals. The best deal is a 1.60% APY 15-month CD. You can get an extra 10 basis for a 1.70% APY with a checking account and direct deposit. Two other specials include a 1.30% APY 9-month CD and a 1.35% APY 13-month CD. There are no rate bumps on these for a checking account. Minimum deposit for all three CDs is $500. These specials don't seem to be listed on the bank's website. A reader emailed me news about them, and I just called two branches this morning for more details. The rates are valid for 1/25/2011, but they are subject to change at anytime.
A branch visit is required to open an account. Branches are located in several South Florida cities including Miami, Hollywood, Coral Gables and Hialeah.
As compared to internet banks on 1/25/2011, the best 1-year CD rate is 1.36% APY at Bank of Internet USA and the best 18-month CD rate is 1.50% APY at CNB Bank Direct. For credit unions with easy membership, the best 1-year CD rate is 1.75% APY at Connexus Credit Union (active checking required) and the best 18-month CD rate is 1.50% APY at Alliant Credit Union.
Like many banks in Florida, US Century Bank isn't in the best financial shape. It has an overall health score at DepositAccounts.com of 2 out of 5 with a Texas Ratio of 83.94% (poor) based on September 2010 data. Please refer to our financial overview of US Century Bank for more details. The bank has been a FDIC member since 2002 (FDIC Certificate # 57369).
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