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First Commercial Bank of Florida

5.27% 6-Month CD at a Florida Bank (First Commercial).


First Commercial Bank of Florida is offering three CD specials with yields of 5.27% APY for 6 months, 5.22% APY for 8 months and 5.20% for 9 months. The minimum is $1,000, and the maximum deposit is $99K. These rates require that you already have a qualifying account. Without this, the yields are 5.12% APY, 5.06% APY and 5.05% APY. Qualifying accounts include a non-interest checking with direct deposit or a Reward Checking Account. A branch visit is required to open the CD if you don't already have accounts at the bank. The offer ends Friday, 1/11/08.

This special isn't listed at the bank's website. It was advertised in Monday's Daytona Beach newspaper. The ad is available online here.

The bank is still offering a high yield reward checking account that I first reported on in March. The rate has fallen quite a bit since then. I was told the current yield is 4.86% APY (down from 5.64% APY). Even though the rate is not the best for reward checking accounts, there are no balance caps which limit the balance that can earn the top yield.

The bank has several branches in the Central Florida including the cities of Orlando, Kissimmee and Lake Mary. The bank is FDIC insured (Certificate # 34965) and it still has a 4 out of 5 star rating at Bankrate.com (sound) based on 9/30/07 data.

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Anonymous   |     |   Comment #1
Actually, the interest checking account has fallen even further, currently sitting at 4.61 APY.