3.75% 17-month CD and 3.50% money market at Colonial Bank
Colonial Bank is offering a 17-month CD with a decent yield: 3.75% APY. The CD has a minimum deposit of $500. Colonial Bank also has a nice money market for those who have at least $25,000 to deposit: Their Secure Access Money Market is returning 3.50% APY for deposits over that amount. If you go below $25,000, however, the APY drops to 1.00%. Neither of these rates seem to be listed on their website, but you can see an ad for them here.
Colonial Bank has many branches throughout Florida. You can find one near you here.
5.00% money market at HomeBanc…for two months
HomeBanc has easily the best money market or savings account I’ve seen recently: Their money market is yielding 5.00% APY. The money market has as minimum balance of $1000 and a maximum of $100,000 to earn that great rate. As with many too-good-to-be-true deals, however, there is a little bit of a catch, as the rate is only guaranteed for 60 days, and a companion checking account with a $1500 minimum is required. This deal doesn’t seem to be listed on their website, but you can see an ad for it here. If you do get the checking account, there’s also some good CD rates for checking account holders: a 13-to-17-month CD at 4.20% APY, a 24-to-30-month CD at 4.60% APY, and a 36-to-42-month CD at 4.85% APY.
HomeBanc has four branches: Two in Tampa and one each in Lake Mary and Sarasota.
3.50% Money Market at Colonial Bank
Colonial Bank has a nice money market for those who have at least $25,000 to deposit: Their Secure Access Money Market is returning 3.50% APY for deposits over that amount. If you go below $25,000, however, the APY drops to 1.00%. This rate does not seem to be listed on their website, but you can see an ad for it here.
Colonial Bank has many branches throughout Florida. You can find one near you here.