Best 12 Month CD Rates Florida

When looking to invest in the best 12 month CD rates, Florida is not without choices. For residents of Florida, a 12 month CD from their local banks may just be worth investing in.

With BankTrust’s main office in Santa Rosa Beach and locations in Panama City Beach, Crestview, DeFuniak Springs, Destin, Freeport, Grayton Beach, Lynn Haven, and Niceville, residents will have no trouble investing in their 12 months CD.

BankTrust CDs require a minimum opening deposit of $500 to obtain the APY. The interest is compounded monthly on all CD’s. Their 12 months CD has an interest rate of 2.000% with an APY of 2.018% and is automatically renewable. These rates were posted June 23, 2010.

The Central Bank out of Tampa, Florida is currently offering special CDs with their 13 month CD and the 15 month CD. Like the rest of their regular CDs, these special CDs require a minimum deposit of $2500 to obtain APY and the interest is compounded daily. Their special 13 months CD has an interest rate of 1.78% with an APY of 1.80%.

Their special 15 months CD has an interest rate of 1.98% with an APY of 2.00%. These CDs will then renew at the regular 12 months CD rate which currently has an interest rate of 1.34% with an APY of 1.35%. These rates were posted May 24, 2010 and are still current and effective June 23, 2010.

Formerly known as the Bank of Fort Walton when they first opened their doors in 1948, First City Bank’s CDs require a minimum deposit of $1000 to obtain APY. Their 12 month CD has an interest rate of 1.80% with an APY of 1.80%. These rates were posted April 28, 2010 and are still current and effective June 23, 2010.

Other banks with great 12 months CD rates worth checking out are First Florida Bank, OptimumBank, and Ameris Bank. Needless to say, rates are subject to change without notice.

These are the Sunshine State’s best 12 month CD rates. Florida residents have better choices in their local banks than the national average for a 12 month CD which is 1.52%.

For additional resources about CDs on this website about another state, please view Atlanta CDs – Best CD Rates in Atlanta.

The Ally Bank Online Checking Account is available on our sister website of onlinebanksblog.com. Also available on the sister site of bankcdratesonline.com is Best June CD Rates 2010.

We strive to bring you the latest and most accurate data possible from the home sites of the financial institutions we name. Always remember, the bigger the risk, the larger the reward or loss. Invest with caution.

Posted : June 23rd, 2010 by Douglas

Tags: bank cd rates, best 12 month CD rates, Best CD Rates, CD rates, Florida CD rates, investing, money

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