bank rates

Take Home 1.30% On 9-Month CDs In The Sunshine State

With another Federal Reserve rate hike potentially on the horizon, and hopefully more increases after that, socking your savings into short-term CDs can be a smart wait-and-see strategy.

And it doesn’t get much smarter than Florida Community Bank‘s 9-month certificate promotion this month.

The large community bank with dozens of branches throughout the Sunshine State is paying 1.30% APY through the end of June, with a minimum investment of $1,000 in new money.

Those willing to open their first checking account with FCB can do even better, with a bump to 1.40% APY. However, to avoid fees and get the CD promotion, you’re required to keep at least $500 in the checking account for the 9-month duration.

At 1.30% APY for the non-checking option, savers are still getting an excellent deal, as the top nationally available rates from the banks on our CD Rates Leaderboard currently stand at 1.05% APY for 6-month certificates of deposit and 1.26% APY for 12 months.

But don’t just take our Leaderboard word for it. Additionally searching Bankrate’s extensive database of the day’s best CD rates is the savvy saver’s prerequisite before locking into any certificate. But you’ll likely be hard-pressed to find a better short-term offer than FCB’s.

They’re located in almost every coastal county of Florida, from Hernando on the gulf coast around the peninsula and up to Volusia on the Atlantic coast. Orange, Seminole and Hendry counties also have branches.

For more than a hundred additional deals that outpay the top national bank offers, be sure to visit our constantly updated roundup of the best credit union and community bank CDs across the country.

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