- 1-year certificate: 1.20% APY
- 2-year certificate: 1.50% APY
- 3-year certificate: 1.81% APY
These accounts all have a $2500 minimum deposit. The CDs are also available as IRA CDs with a $1000 minimum deposit. Intervest also has a couple competitive money market accounts available: Their traditional money market account scales from 0.80% APY with a minimum of $2500 to 1.02% APY with a $100,000 minimum, and their IRA money market yields 0.97% APY on all amounts $1000 and up.
Intervest National Bank has seven locations, six of them in Florida: four branches in Clearwater, one in Clearwater Beach, and one in South Pasadena.
- 9-month CD: 1.10% APY
- 12-month CD: 1.20% APY
- 15-month CD: 1.25% APY
- 18-month CD: 1.30% APY
These CDs all have a $500 minimum deposit. Southern Commerce’s longer-term CDs aren’t too bad, either, including a 5-year CD that’s returning 2.00% APY.
Southern Commerce Bank has 11 locations, most of them inside Wal-Marts: One each in Bradenton, Clearwater, Coconut Creek, Daytona Beach, Fort Pierce, Gainesville, Jacksonville, Port St. Lucie, Punta Gorda, Seminole, and Tampa.
TotalBank has two certificates that would have competitive rates as normal CDs, and they become even more competitive as bump-up CDs: a 35-month bump-up CD returning 2.00% APY and a 5-year bump-up CD yielding 2.50% APY. Both CDs require a minimum balance of $1000. The specific rules on how the bump-ups work on these CDs are not listed online, so ask the bank about those before investing in either of these certificates.
TotalBank has 16 locations, all in Miami-Dade County: 11 branches in Miami, and one branch each in Aventura, Doral, Hialeah, North Miami, and Palmetto Bay.
Miami Postal Service Credit Union has a very competitive rate on a short-term CD: a 9-month certificate yielding 1.76% APY. This CD has a very reasonable minimum of $5000, although if that minimum is too high for you, the same term is being offered with a still-competitive 1.51% APY with a $1000 minimum. Miami Postal Service CU’s IRA savings account is also extremely competitive, with a 2.01% APY. On that IRA savings account, the website specifically states that dividends are paid quarterly, and accounts closed before the end of the quarter will not receive any dividends. So if you open that IRA account, pay close attention to when you close it.
Miami Postal Service Credit Union has three branches, all in Florida: 6171 NW 183rd St. in Hialeah, 2190 NW 72 Ave. in Miami, and 12685 S. Dixie Highway in Pinecrest. Miami Postal Service CU is open to anyone within a 15-mile radius of any of those three branches—a map is available here.
- 37-48 months: 2.00% APY
- 49-60 months: 2.50% APY
Both these CDs have a minimum of a $1000 deposit. Both certificates are also available as an IRA CD, but with a rate bump: 2.25% APY for the certificate from 37-48 months, and 2.75% APY for the longer CD.
MidFlorida CU is one of the largest credit unions in Florida, with 31 branches throughout the central part of the state: nine branches in Lakeland; three each in Sebring, Tampa and Winterhaven; and one each in Arcadia, Auburndale, Avon Park, Bartow, Brandon, Haines City, Lake Placid, Lake Wales, Land o’ Lakes, Lutz, Okeechobee, St. Petersburg, and Wauchula. MidFlorida Credit Union is open to anyone who lives, works, worships or attends school in Hardee County, Highlands County, Okeechobee County, Polk County, or Sumter County.
People’s Alliance Federal Credit Union is offering a fairly high rate on a long-term CD: Their 5-year CD is yielding 2.64% APY. People’s Alliance FCU also has a high 12-month “youth” CD that’s returning 1.38% APY and a bump-up 18-month CD that yields 1.31% APY. Unfortunately, their website doesn’t list the minimums on either any of these certificates.
Tyndall Federal Credit Union has an interesting promo for those looking to ladder (or stack) their CDs. If you put a $500 minimum deposit each in their 1-, 2-, 3-, 4-, and 5-year CDs, they’ll give you a 0.25% APY bump in each of those rates. Right now, those bumps would raise the rates to:
- 1-year CD: 1.25% APY (from 1.00%)
- 2-year CD: 1.75% APY (from 1.50%)
- 3-year CD: 2.25% APY (from 2.00%)
- 4-year CD: 2.50% APY (from 2.25%)
- 5-year CD: 2.75% APY (from 2.50%)
This CD laddering program is also available on IRA certificates.
Tyndall Federal Credit Union is open to workers at over 100 companies and organizations, many directly or indirectly related to Tyndall Air Force Base. Tyndall FCU has 11 branches, 9 of which are in Florida: three in Panama City, and one each in Chipley, Lynn Haven, Marianna, Panama City Beach, Port St. Joe, and the Tyndall Air Force Base.
Wings Financial Credit Union has a high rate on their special “Du Jour Certificate”: their 28-month CD is yielding 1.76% APY. This CD has a minimum deposit of $500, as do all their other CDs. There’s a couple other competitive certificates that Wings Financial CU has: a 2-year CD yielding 1.66% APY, a 3-year CD yielding 1.92% APY, and a 5-year CD that returns 2.58% APY.
Membership in Wings Financial CU is open to anyone who works in the U.S. air transportation system. Wings Financial has a number of branches around the country, including one in Florida: 9647 Tradeport Dr. in Orlando.
Urban Trust Bank has two special-term CDs available at reasonable rates: a 13-month CD that’s yielding 1.25% APY, and a 25-month CD returning 1.50% APY. Both CDs have a minimum deposit of $500. Urban Trust also has a competitive money market with larger balances; their Urban Select Money Market is yielding 0.70% APY with $10k-$49k balances, 0.80% APY with $50k-$99k balances, and 1.00% APY for balances $100,000 and more.
Urban Trust Bank has 15 branches, 14 of which are in Florida: three each in Jacksonville Beach and Orlando, and one each in Kissimmee, Lakeland, Leesburg, Ocala, Orange Park, Port Orange, Sanford, and St. Cloud.
BrightStar Credit Union has a decent shorter-term CD offered right now: Their 1-year CD returns 1.10% APY. This CD has a minimum deposit of $95,000, but the CD is also available at minimums of $50,000 (1.05% APY) and $500 (1.00% APY). You also have to be a Platinum Star member to receive these rates — more information is available here.
BrightStar Credit Union is open to anyone who lives, works or goes to school in Broward County or Palm Beach County and anyone associated with any educational institution in Broward County. BrightStar CU has six branches, all of which are in Florida: one each in Davie, Ft. Lauderdale, Hollywood, Lauderhill, Margate, and Pembroke Pines.