Southern Commerce Bank CD Rates
The Southern Commerce Bank CD rates are from a financial institution that was founded in 1987 and has been serving Floridians with personal and business services ever since. On January 9 of 2009, this bank had a new owner. NewStar Financial Inc. made the purchase for about $19 million.
At present there are 10 different CDs offered by Southern Commerce. For the 5 and 4 year CDs the interest rate is 2.72% with an APY of 2.75%. The 3 year CD has an interest rate of 2.48% with an APY of 2.50%. The 30 month CD has an interest rate of 2.23% with an APY of 2.25%. The 2 year CD has an interest rate of 2.23% with an APY of 2.25%. The 15 month and 1 year CDs have an interest rate of 2.18% with an APY of 2.20%. The182 month CD has an interest rate of 2.79% with an APY of 1.80%. The 90 day CD has an interest rate of 0.75% with an APY of 0.75%. The 3 month CD has an interest rate of 0.14% with an APY of 0.15%.
Each of these CDs does require a minimum of $500 deposit. For early withdraw, this bank has a sliding scale of penalties according to how long the maturity of the CD is.
These are the current CD Rates as posted on 10/31/09 and are still current as of 11/3/09. The Southern Commerce Bank CD Rates are competitive with the national average for this time.
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