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Hollywood, Florida CD Rates 2019

Below are the best one-year CD Rates from banks in Hollywood, Florida. One year CDs are usually the most popular term and offer a decent yield without having to lock-up money for an extended period of time. One year CD Rates are generally comparable to or a little higher than their savings and money market counterparts.

Hollywood, FL - September 18, 2019

1 Year CD National Average : 0.99% ?

Advertiser Disclosure
BankS APY MIN MILES ?
2.40% $1,500 4608.42
2.40% $2,500 4779.12
2.40% $10,000 4698.00
2.25% $1,000 4613.52
2.25% $50,000 4610.13
2.25% $1,000 4607.90
2.25% $500 4747.89
2.21% $1,000 4610.79
2.20% $10,000 4609.91
2.20% $10,000 4615.89
2.15% $1,000 4761.56
2.13% $2,500 4615.29
2.10% $1,000 4609.91
2.04% $500 4937.58
2.02% $500 4774.59
2.02% $1,000 5048.31
2.02% $1,000 4753.00
2.00% $1,000 4615.65
2.00% $1,000 4743.07
2.00% $100,000 4610.77
2.00% $500 4810.17
2.00% $1,000 4611.07
2.00% $500 4621.26
2.00% $100,000 4742.57
2.00% $2,500 4752.29
1.92% $1,000 4764.47
1.87% $500 4814.52
1.85% $10,000 4781.78
1.85% $5,000 4705.43
1.85% $1,000 4626.58
1.85% $1,000 4613.98
1.85% $500 4621.34
1.80% $2,500 4630.81
1.80% $500 4759.52
1.80% $1,000 4744.44
1.77% $10,000 5048.77
1.76% $500 4997.54
1.76% $1 4748.64
1.75% $500 4810.17
1.75% $50,000 4607.89
1.75% $2,500 4627.15
1.75% $1,000 5041.79
1.75% $2,500 4742.57
1.71% $90,000 4611.75
1.67% $500 4609.91
1.66% $2,500 4670.84
1.66% $500 4776.57
1.66% $1,000 4699.68
1.61% $1,000 5048.15
1.60% $500 4769.36
1.60% $1,000 5048.03
1.51% $500 4743.24
1.51% $500 4994.91
1.51% $1,000 5077.62
1.50% $100,000 4796.58
1.50% $1,000 4615.77
1.50% $2,500 4781.78
1.50% $1,000 4782.98
1.45% $2,000 4800.76
1.41% $1,000 4611.75
1.40% $10,000 4618.65
1.40% $500 5039.32
1.40% $25,000 4668.03
1.35% $1 4621.14
1.33% $100,000 4610.13
1.31% $500 4738.03
1.30% $2,500 4610.13
1.29% $100,000 4607.92
1.26% $500 4996.24
1.26% $100,000 4765.15
1.25% $100,000 4607.97
1.25% $1,000 4713.35
1.25% $1,000 0.00
1.25% $2,500 4610.22
1.25% $500 4797.89
1.24% $1,000 4607.92
1.20% $500 5077.48
1.15% $100,000 4735.62
1.11% $1,000 4765.15
1.10% $10,000 4698.16
1.10% $500 4815.17
1.10% $1,000 4613.73
1.05% $1,000 4870.96
1.01% $1,000 4935.96
1.01% $2,500 4622.57
1.00% $500 4809.49
1.00% $500 5056.95
1.00% $500 4614.54
1.00% $1,000 4851.36
1.00% $1,000 5056.64
1.00% $10,000 4607.94
1.00% $1,000 4622.49
1.00% $100,000 4778.01
0.97% $100,000 5014.87
0.95% $100,000 4896.74
0.90% $1,000 4655.93
0.90% $1,000 4607.97
0.90% $1,000 4735.62
0.90% $1,000 4630.89
0.90% $1,000 4618.34
0.90% $5,000 4778.01
0.82% $500 4896.74
0.75% $1,000 4608.42
0.75% $1 4763.19
0.75% $1,000 4763.96
0.75% $1,000 4735.44
0.72% $10,000 5014.87
0.70% $3,000 4798.28
0.70% $1,000 4607.90
0.70% $100,000 4611.08
0.70% $1,000 4611.01
0.65% $1,000 4611.08
0.60% $2,500 4607.96
0.60% $500 4745.89
0.56% $2,500 4615.29
0.55% $1,000 4615.89
0.50% $500 4769.36
0.50% $5,000 4610.81
0.50% $1,000 4607.94
0.50% $2,500 4776.23
0.50% $1,000 4873.12
0.50% $10,000 4778.03
0.50% $1,000 4762.93
0.50% $1,000 4767.79
0.46% $2,500 4611.71
0.45% $1,000 5037.27
0.45% $2,500 4609.26
0.45% $100,000 4611.30
0.45% $2,500 4611.92
0.45% $1,000 4618.74
0.40% $1,000 4737.53
0.40% $1,000 4610.80
0.40% $10,000 4712.41
0.40% $1,000 5041.79
0.40% $2,500 4668.24
0.40% $10,000 5044.92
0.40% $1,000 0.00
0.35% $1,000 4611.30
0.35% $100,000 4870.98
0.35% $500 5041.51
0.30% $1,000 4851.50
0.30% $10,000 4870.98
0.25% $10,000 4610.77
0.25% $500 4818.35
0.25% $2,500 4693.70
0.25% $1,000 4614.94
0.25% $1,000 4649.94
0.25% $500 4728.56
0.25% $500 4739.60
0.20% $1,000 4736.73
0.20% $500 5005.05
0.20% $1,000 4607.92
0.20% $100,000 4766.08
0.20% $1,000 5004.76
0.20% $1,000 5077.74
0.18% $1,000 4794.83
0.17% $100,000 4766.08
0.17% $100,000 4777.87
0.15% $500 0.00
0.15% $1,000 4785.83
0.15% $1,000 5005.05
0.15% $10,000 4624.23
0.15% $5,000 4626.58
0.15% $10,000 4766.08
0.15% $1,000 4995.41
0.15% $10,000 4896.69
0.13% $10,000 4766.08
0.13% $10,000 4777.87
0.12% $10,000 4668.03
0.10% $10,000 4746.83
0.10% $1,000 4727.36
0.10% $10,000 4631.36
0.10% $500 4810.17
0.10% $500 4745.07
0.10% $10,000 4796.58
0.10% $500 4697.24
0.10% $1,000 5056.93
0.10% $500 4795.08
0.10% $10,000 4777.87
0.10% $10,000 4699.52
0.07% $10,000 5077.78
0.05% $10,000 5077.78
0.01% $10,000 4625.93
All rates listed are Annual Percentage Yield (APY). The Min listed is the minimum deposit account balance required to obtain the rate listed.

BestCashCow strives to maintain the most accurate rates. If you believe a rate is not accurate, please let us know.

PRODUCT INFORMATION

Certificates of Deposit - Branch Banks 2019

A certificate of deposit (CD) is a savings product offered by a bank in which a depositor (someone who has money to put into the bank) agrees to commit a certain amount of money for a set period of time, in return for a fixed rate of interest. While it is possible to withdraw the money earlier (breaking the CD) doing so comes with high interest penalties and is generally not advised.

CD Terms

The time period in which money is held in a certificate of deposit is called the term. Terms can run for any period of time but in general, banks use the following terms: 3 months, 6 months, 12 months, 18 months, 24 months, 36 months, 48 months, and 60 months. Terms can either be described in months or years. The term that is right for each individual depends on their goals, the rate they which to earn, and their future plans for the money. In general, if rates are going up, savers should avoid putting the money into a long-term CD. If rates are going down, then the opposite is true, and savers should try and lock into a good rate for an extended period of time. In stable rate environments, CDs that are over 12 months in length can enable depositors to pick up a slight premium over savings accounts.

CD Risk

Almost all banks provide CDs to their consumers and they have been a mainstay of savers and retirement accounts for years. If FDIC insured, the CD represents a safe place to put money that will generate a predictable return.

Inflation is the main risk of a CD. Inflation can often run higher than the inflation adjusted return on a CD, thus eroding the value of the money stored in the CD over time. This is especially true for longer-term CDs opened in low interest rate environments.

How Interest is Paid

The method of distributing the interest earned on a CD varies by bank. Some banks pay interest monthly, other semi-annually, and others at the maturity of the CD. One advantage of a branch-based bank is that a depositor can walk into the bank and receive their interest that day in the form of a check. Online banks tend to use electronic funds transfer or check via mail.

Interest Rate

Since the financial crisis in 2008, CDs have become less popular because the yields they offer have dropped precipitously, making it difficult for retirees and savers to generate sufficient income. But investors looking for a place to stash some cash might still find CDs an attractive place for some of their savings. Online banks generally offer better rates on six month CDs but the accounts must be opened online. View online bank rates.

When interest rates are falling, it is often preferable to lock in high rates for an extended period of time with a longer-term CD. When interest rates are rising, depositors should avoid committing their money for long periods of time. To see interest rate trends, visit the BestCashCow rate analysis page.

ADVANTAGES AND DISADVANTAGES

The advantages of a Certificate of Deposit from a branch bank are:

  • Funds deposited in FDIC banks and within insurance limits are protected by the full faith and credit of the United States government.
  • CDs provide a predictable, set rate of return.
  • Depositors can walk into a local branch and open the CD and fund it that day. Question and inquiries can also be handles in-person.

The disadvantages of branch-based CDs are:

  • The deposited money is committed for a certain period of time and can only be withdrawn with substantial penalties.
  • One year CDs from branch banks often pay less interest than from online banks. Please see those rates here.

All banks listed on BestCashCow are FDIC insured; BestCashCow.com strongly recommends that you stay within FDIC insurance limits and that if you are unsure of how the limits affect you, please visit the FDIC website.

To understand all of the income generating options available to a saver, please view the Income Generating Investments Comparison Chart.

SAVINGS & CD CALCULATOR

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