bank rates

Take Home 1.15% On 3-Month CDs From HomeBanc

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With long-term CD yields being pummeled in this period of Federal Reserve uncertainty, savvy savers might want to focus on short-term certificates until we know more about what the Fed will (or won’t) do with rates this year.

In the micro-length category is a winner from HomeBanc. (You might miss its list of CD specials unless you scroll down below the rate table.)

The Florida bank is paying 1.15% APY on 3-month promotional certificates. It’s enough to beat both the top nationally available yield of 0.83% APY from the banks on our CD Rates Leaderboard, as well as the top national 6-month yield of 1.05% APY.

It also lands HomeBanc a prominent spot in our constantly updated roundup of the best CDs from credit unions and community banks across the country.

Our regular readers know we can’t help but feature HomeBanc from time to time, as they have a track record of offering phenomenal short-term rates like this once or twice a year.

As usual, this special certificate of deposit carries HomeBanc’s standard conditions:

  • Customers must reside in Florida.
  • A minimum deposit of $10,000 in new money is required.
  • The maximum investment is $75,000.
  • The promotion is unavailable to anyone who has participated in a previous HomeBanc CD promotion and closed the account within the last 12 months.
  • Only one promotional certificate is available per household.

Unless you already have an account with HomeBanc, opening a CD requires visiting one of its numerous branches in and around Tampa, St. Petersburg and Clearwater, or its branches in Sarasota, Winter Park and Lake Mary.

As great as this deal is, always be sure to check Bankrate’s extensive database of the day’s best CD rates to make sure you’re locking in the best deal you can.

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