bank rates

Tiny Florida Bank Rules 3-Month CD Roost

Who would’ve thought that a small southwest Florida bank would own the best nationally available 3-month CD rates for more than three months?
The Best Nationally Available 3-Month CD Rate Can Be Found At Sanibel Captiva Community Bank.
But Sanibel Captiva Community Bank has done just that.

And its 0.95% APY rate, with a $1,000 minimum deposit, is still a full two-tenths of a percentage point higher than any other bank in our 3-month CD rankings.

Sanibel Captiva Community Bank has just three locations: two on Sanibel Island and a third in neighboring Fort Myers.

A 0.75% APY return is available for 3-month certificates of deposit from five banks:

H&R Block, which is an online bank operated by the tax preparation company with a single branch in Kansas City, Mo., and requires a $250 minimum deposit.

Goldwater Bank has a single location in Scottsdale, Ariz., and requires a $5,000 minimum deposit.

VirtualBank, which is the online division of Lydian Private Bank, based in Palm Beach, Fla., and requires a $10,000 minimum deposit.

Nexity, which is an online bank based in Birmingham, Ala., and requires a $1,000 minimum deposit.

Hudson City Savings, which has 130 branches in New Jersey, New York and Connecticut, and requires a $5,000 minimum deposit.

These banks qualify for our rankings by imposing no restrictions on who can buy their certificates of deposit, either online or through the mail.

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

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