bank rates

Interesting CD Rate Deals At Florida Bank

Florida quarterBeach Community Bank has a few special CD rates offers for savers in the Florida Panhandle.

It’s not so much the rates that make these certificates so attractive; it’s the escape options built into the deal.

The best is a 24-month CD that pays 1.30% APY with a $5,000 minimum deposit.

While that just beats the top nationally available 24-month CD rate on our CD Rates Leaderboard, it allows for a one-time, no-penalty withdrawal after 12 months.

The 12-month lead rate currently stands at 1.10% APY.

Beach Community Bank has the same deal for its 13-month CDs, which pay 1.01% APY with a $5,000 minimum deposit and have no early withdrawal penalty after six months. The best nationally available 6-month CD pays 0.87% APY.

The bank’s third promotion is a 36-month “flip flop” special.

It pays 1.49% APY with a $5,000 minimum deposit of new money. Again, that’s not much better than the 1.45% APY the 36-month leader pays, but you can switch to any another CD term with no penalty after 12 months.

You have to live in Okaloosa, Santa Rosa, Escambia and Walton counties to buy these special certificates of deposit.

You also have to visit a branch in person. Beach Community Bank has 11 locations in northwest Florida.

Learn more about Beach Community Bank at or 866-362-3224 or 877-962-3224.

See how these returns compare with the best CD rates from scores of banks in our extensive database.

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