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).
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.