bank rates

Tampa Deal: 1.50% On 3-Month CDs

With a Fed rate hike likely in the coming months, great short-term rates are the current darlings of CD deals.

Few are more darling than this one: 1.50% APY on a 3-month CD from Florida’s HomeBanc.

Comparing this to the top nationally available return on our CD Rates Leaderboard feels beside the point because the leader of the term pays almost a full percentage point less, at 0.60% APY.

Rather, this 3-month yield handily beats the top rates in every term up to 24 months, and then matches the best nationally available 3-year return.

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, meaning funds not already on deposit with HomeBanc.
  • The maximum investment amount is $75,000.
  • The promotion is not available to anyone who has participated in a previous HomeBanc CD promotion and closed their account within the last 24 months.
  • Only one promotional certificate is available per household.

Unless you already have an account with HomeBanc, opening a CD requires visiting one of their 13 branches, located in Tampa (2), Belleair, Clearwater, Dunedin, Kenneth City, Lake Mary, Largo, Pinellas Park, Sarasota, Seminole, St. Petersburg and Winter Park.

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