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Florida CD Rates 2016

Below are the best one year CD Rates from banks in 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.

FL - December 9, 2016

1 Year CD National Average : 0.38% ?

Bank APY MIN MILES ?
Brickell Bank 1.30% $500,000 -
Pacific National Bank 1.27% $1,000 -
Beal Bank Usa 1.25% $1,000 -
Beal Bank, Ssb 1.21% $1,000 -
Interamerican Bank, A Fsb 1.14% $100,000 -
The Bank Of Commerce 1.13% $500 -
Palm Beach Community Bank 1.10% $1,000 -
Brickell Bank 1.10% $100,000 -
Bankunited, National Association 1.05% $1,000 -
Patriot Bank 1.02% $5,000 -
Anthem Bank & Trust 1.01% $1,000 -
First Nbc Bank 1.01% $10,000 -
Amerasia Bank 1.01% $2,500 -
Marquis Bank 1.00% $1,000 -
United Midwest Savings Bank 1.00% $500 -
Firstbank Puerto Rico 1.00% $1,000 -
Ameris Bank 1.00% $1,000 -
Bac Florida Bank 1.00% $100,000 -
U. S. Century Bank 1.00% $100,000 -
First Florida Bank 1.00% $1,000 -
Interamerican Bank, A Fsb 0.98% $1,000 -
Pinnacle Bank 0.95% $1 -
Brickell Bank 0.90% $1 -
Oneunited Bank 0.90% $1,000 -
Hsbc Bank Usa, National Association 0.90% $1,000 -
Biscayne Bank 0.85% $100,000 -
Lafayette State Bank 0.85% $1,000 -
Transcapital Bank 0.85% $2,500 -
First Bank Of The Palm Beaches 0.80% $2,500 -
First Florida Integrity Bank 0.80% $1,000 -
1st Manatee Bank 0.80% $500 -
Citizens State Bank 0.80% $1,000 -
Banco Do Brasil Americas 0.80% $100,000 -
Usameribank 0.80% $100,000 -
Sunstate Bank 0.76% $2,500 -
Banesco Usa 0.75% $1,000 -
American Momentum Bank 0.75% $500 -
Ccb Community Bank 0.75% $500 -
Seaside National Bank & Trust 0.75% $100,000 -
Armed Forces Bank, National Association 0.75% $500 -
Cadence Bank, N.a. 0.75% $500 -
Academy Bank, National Association 0.75% $500 -
Platinum Bank 0.70% $1,000 -
Pacific National Bank 0.70% $1,000 -
Professional Bank 0.70% $100,000 -
Intercontinental Bank 0.70% $2,500 -
First Citrus Bank 0.70% $1,000 -
First National Bank Of Wauchula 0.65% $100,000 -
Sabadell United Bank, National Association 0.65% $100,000 -
Florida Community Bank, National Association 0.65% $1,000 -
Home Federal Bank Of Hollywood 0.65% $90,000 -
Commerce National Bank & Trust 0.65% $500 -
Preferred Community Bank 0.65% $1,000 -
Gateway Bank Of Florida 0.65% $500 -
Sabal Palm Bank 0.65% $1,000 -
Professional Bank 0.65% $1,000 -
Servisfirst Bank 0.60% $1,000 -
Floridian Community Bank, Inc. 0.60% $1,000 -
Bank Of Pensacola 0.60% $500 -
Legacy Bank Of Florida 0.60% $500 -
Axiom Bank 0.60% $500 -
First Partners Bank 0.60% $1,000 -
Smartbank 0.60% $1,000 -
Terrabank, National Association 0.60% $100,000 -
Eastern National Bank 0.60% $2,500 -
Landmark Bank, National Association 0.60% $1,000 -
Insignia Bank 0.60% $1,000 -
Seaside National Bank & Trust 0.60% $2,500 -
Bac Florida Bank 0.60% $10,000 -
American Commerce Bank, National Association 0.60% $500 -
Banco Do Brasil Americas 0.60% $1,000 -
Harbor Community Bank 0.60% $1,000 -
First Federal Bank Of Florida 0.58% $100,000 -
One South Bank 0.55% $100,000 -
Intracoastal Bank 0.55% $100,000 -
Atlantic Coast Bank 0.55% $100,000 -
Mackinac Savings Bank, F.s.b. 0.55% $1,000 -
Usameribank 0.55% $5,000 -
Terrabank, National Association 0.55% $2,500 -
Bankunited, National Association 0.55% $1,000 -
U. S. Century Bank 0.55% $1,000 -
Stearns Bank National Association 0.55% $2,500 -
Gulf Coast Community Bank 0.50% $1,000 -
First City Bank Of Florida 0.50% $1,000 -
Gulfshore Bank 0.50% $1,000 -
Apollo Bank 0.50% $10,000 -
Central Bank 0.50% $2,500 -
Home Federal Bank Of Hollywood 0.50% $1,000 -
Fidelity Bank 0.50% $500 -
First Bank 0.50% $2,500 -
Bank Of The South 0.50% $1,000 -
American National Bank 0.50% $1,000 -
Pilot Bank 0.50% $10,000 -
Totalbank 0.50% $1,000 -
Peoplessouth Bank 0.50% $500 -
Farmers & Merchants Bank 0.50% $1,000 -
Firstatlantic Bank 0.50% $500 -
Stonegate Bank 0.50% $20,000 -
Fifth Third Bank 0.45% $100,000 -
Optimumbank 0.45% $1,000 -
Homebanc National Association 0.45% $500 -
Td Bank, National Association 0.45% $100,000 -
Gateway Bank Of Southwest Florida 0.45% $500 -
Wauchula State Bank 0.45% $1,000 -
Atlantic Coast Bank 0.45% $1,000 -
Ocean Bank 0.45% $2,500 -
Sabadell United Bank, National Association 0.45% $2,500 -
Cbc National Bank 0.45% $1,000 -
Anchor Commercial Bank 0.45% $2,500 -
Paradise Bank 0.45% $1,000 -
One South Bank 0.45% $500 -
First National Bank Of Wauchula 0.40% $1,000 -
Stonegate Bank 0.40% $1,000 -
Midsouth Bank 0.40% $500 -
Valley National Bank 0.40% $1,000 -
Intracoastal Bank 0.40% $1,000 -
Sunshine Savings Bank 0.40% $50,000 -
First National Bank Northwest Florida 0.40% $500 -
Hillsboro Bank 0.40% $1 -
First Colony Bank Of Florida 0.40% $1,000 -
Firstcity Bank Of Commerce 0.40% $1,000 -
Peoples National Bank 0.40% $10,000 -
City National Bank Of Florida 0.40% $1,000 -
Marine Bank & Trust Company 0.40% $2,500 -
New York Community Bank 0.40% $500 -
Fidelity Bank Of Florida, National Association 0.40% $5,000 -
National Bank Of Commerce 0.40% $1,000 -
Finemark National Bank & Trust 0.40% $10,000 -
Flagship Community Bank 0.40% $1,000 -
Beach Community Bank 0.40% $1,000 -
First Federal Bank Of Florida 0.38% $10,000 -
Jefferson Bank Of Florida 0.36% $1,000 -
Union State Bank 0.35% $500 -
The First National Bank Of South Miami 0.35% $2,500 -
National Bank Of Commerce 0.35% $500 -
First Green Bank 0.35% $1,000 -
Mainstreet Community Bank Of Florida 0.35% $1,000 -
Friends Bank 0.35% $500 -
Peoples State Bank 0.35% $100 -
Columbia Bank 0.35% $5,000 -
Sunshine Bank 0.35% $1,000 -
Encore Bank, National Association 0.35% $1,000 -
Israel Discount Bank Of New York 0.35% $10,000 -
Banco Popular North America 0.35% $10,000 -
Anthem Bank & Trust 0.35% $1,000 -
Sunshine Savings Bank 0.30% $10,000 -
Heartland National Bank 0.30% $1,000 -
Patriot Bank 0.30% $1,000 -
Summit Bank, National Association 0.30% $10,000 -
Third Federal Savings And Loan Association Of Cleveland 0.30% $500 -
Midwestone Bank 0.30% $10,000 -
Fnbt Bank 0.30% $1,000 -
Citizens Bank Of Florida 0.30% $500 -
Community Bank And Trust Of Florida 0.30% $3,000 -
Td Bank, National Association 0.30% $10,000 -
Florida Capital Bank, National Association 0.25% $2,000 -
Mercantil Commercebank, National Association 0.25% $10,000 -
First National Bank Of Pasco 0.25% $2,500 -
Bank Of Belle Glade 0.25% $1,000 -
Seacoast National Bank 0.25% $1,000 -
Interamerican Bank, A Fsb 0.25% $1,000 -
Florida Bank Of Commerce 0.25% $500 -
Synovus Bank 0.25% $5,000 -
Natbank, National Association 0.25% $1,000 -
National Bank Of Commerce 0.25% $1,000 -
Desjardins Bank, National Association 0.25% $1,000 -
Drummond Community Bank 0.25% $500 -
The First National Bank Of Mount Dora 0.25% $100,000 -
Gateway Bank Of Central Florida 0.25% $2,500 -
Community Bank, Coast 0.25% $1,000 -
Centerstate Bank Of Florida, National Association 0.25% $500 -
Republic Bank & Trust Company 0.25% $10,000 -
Renasant Bank 0.25% $1,000 -
Amerasia Bank 0.22% $2,500 -
United Southern Bank 0.21% $1,000 -
Reliance Bank 0.21% $1,000 -
Liberty Savings Bank, F.s.b. 0.20% $1,000 -
Iberiabank 0.20% $1,000 -
Lafayette State Bank 0.20% $1,000 -
Centennial Bank 0.20% $500 -
Busey Bank 0.20% $1,000 -
Ameris Bank 0.20% $1,000 -
Prime Meridian Bank 0.20% $1,000 -
First American Bank 0.20% $5,000 -
Pnc Bank, National Association 0.20% $100,000 -
The First National Bank Of Mount Dora 0.20% $1,000 -
The First State Bank Of Arcadia 0.18% $500 -
Bank Of The Ozarks 0.18% $1,000 -
Pnc Bank, National Association 0.17% $100,000 -
Capital City Bank 0.15% $1,000 -
Pnc Bank, National Association 0.15% $10,000 -
Citizens First Bank 0.15% $2,500 -
Bmo Harris Bank National Association 0.15% $5,000 -
Trustmark National Bank 0.15% $1,000 -
Citibank, National Association 0.15% $10,000 -
Woodforest National Bank 0.15% $500 -
Pnc Bank, National Association 0.13% $10,000 -
Fifth Third Bank 0.10% $10,000 -
The Northern Trust Company 0.10% $100,000 -
Citizens Bank And Trust 0.10% $1,000 -
The Huntington National Bank 0.10% $10,000 -
Suntrust Bank 0.10% $10,000 -
The Bank Of Tampa 0.10% $5,000 -
Branch Banking And Trust Company 0.10% $10,000 -
First-citizens Bank & Trust Company 0.10% $10,000 -
Comerica Bank 0.10% $10,000 -
Charterbank 0.10% $1,500 -
Englewood Bank & Trust 0.10% $500 -
Compass Bank 0.10% $1 -
Whitney Bank 0.10% $1,000 -
Bank Of America, National Association 0.07% $10,000 -
Charlotte State Bank & Trust 0.06% $1,000 -
The Oculina Bank 0.05% $500 -
Trustco Bank 0.05% $500 -
First American Bank 0.05% $10,000 -
Wells Fargo Bank, National Association 0.05% $10,000 -
Bank Of America, National Association 0.05% $10,000 -
Regions Bank 0.05% $500 -
Hsbc Bank Usa, National Association 0.05% $1,000 -
Jpmorgan Chase Bank, National Association 0.01% $10,000 -

BestCashCow strives to maintain the most accurate rates. If you find a rate that is not accurate, please let us know by commenting below so that we can update it. Thank you for your help.

PRODUCT INFORMATION

Certificates of Deposit - Branch Banks 2016

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, you visit the FDIC website.

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

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  • Max

    June 07, 2016

    The Chase rates are not correct, in fact Chase never heard of these rates, if they are correct please inform Abilene and Dallas, I could use the rate as small as it may be, but better than most, if they exist. Thanks

  • joan

    June 06, 2016

    florida community bank 1.40% -9 months good all of june 2016

  • Tammie H.

    April 19, 2016

    Hello,

    I was just wondering if the rates posted on this site were current?

    I noticed at the top it does have todays date.

    Thank you.

  • boo

    April 13, 2016

    rates suck

  • Dan

    March 14, 2016

    The local offerings are there. Just put in your zip code. Click the link that says: Change zip.

  • F Jamees

    March 14, 2016

    Where are the local offerings of 71913. They use to be for local banks, we miss them. F James

  • Larry Triemer (ltriemer@yahoo.com)

    March 02, 2016

    I stopped receiving my weekly bank rates and wanted you to resume sending them. I registered today, again, using my work e-mail and would like for you to send them to the abovementioned e=mail address.

    Thank you,

    Larry Triemer+

  • jim

    February 12, 2016

    bank of Ontario (Ontario wi) offering 1 year ira cd for 1.9%

  • mike

    February 07, 2016

    Why can banks 100 miles away offer rates 5 to 6 time higher on a one year CD , seems banks and or there management in this area simply refuse to be competitive and show no respect for the people , neighbors and area they live and work in.

  • Braun

    December 30, 2015

    @Brian. Click the tabs at the top. You can choose the rate term you want.

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