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4.00% 6-Month / 4.00% 24-Month CD at a Florida Bank - Add-On Feature (Coastal)


Update 8/16/08: The special CD yield has fallen from 4.25% to 4.00% APY. Please refer to the bank's website for the latest rates. The title has been modified to reflect this change.

Coastal Bank is offering a CD special with a 4.25% APY for terms of 6 to 24 months. The minimum deposit is $1,000. The special CD allows additional deposits during the term of the CD.

It appears the bank requires a branch visit to open a new account. Branches are located in Florida cities of Cocoa Beach, Merritt Island, Palm Bay and Cocoa.

The bank has a 3.5 star rating (good) at BauerFinancial and a 2 star rating (below peer group) at Bankrate.com. Both are based on 3/31/08 data. It has been FDIC insured since 1999 (FDIC Certificate # 34898).

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