Best 12 month CD rates in Florida demolish national average
Warning: The rates featured on this page are likely outdated. Visit our CD Rates Center for updated rates and special offers.
When compared to the national average, we’ve seen fairly high CD rates in Florida. A couple weeks back we noted that the top 6 month CD rates in Florida were crushing the national average – and now it looks like the 12 month deposit rates have followed suit!
Jax Metro Credit Union out of Jacksonville, Florida has a 12 month CD yielding 2.02% APY with a minimum deposit of just $500 required. The national average for 12 month bank certificates sits at roughly 1.17% APY (to put this offer in perspective) and the best rates available nationally aren’t even reaching the 1.60% APY mark.
Another interesting offer comes from Baxter Credit Union out of Miami, Florida. They have set up a “rainy day savings account” which provides yields of 1.51% APY the first 12 months but then jumps up to a whopping 2.95% APY for the second 12 month period. Below are the features, terms and conditions associated with this account…
- Annual Percentage Yield (APY) is subject to change without notice.
- The stated opening APY will double after the first twelve consecutive monthly deposits.
- Minimum of $25 monthly deposit is required.
- $500 maximum deposit allowed per month.
- Initial deposit cannot exceed $1,000 and must be made during the month the account is opened or the monthly maximum deposit of $500 will apply.
- Funds exceeding the maximum deposit will be transferred to the member’s regular share.
- Two withdrawals allowed per calendar year. Excess withdrawals are subject to a $25 penalty.
- No withdrawal allowed for the first 90-days or a $25 early withdrawal penalty will be imposed for each withdrawal within 90 day period.
- Accounts not meeting the minimum monthly deposit will earn the regular share rate for that month.
- Membership is required to open account.
