Best CD Rates in Tampa, Florida: Top 3

September 27, 2009 No Comments »

Below are the highest yielding CD (certificate of deposit) rates available to the residents of Tampa, Florida. These come in the form of 6 month CDs, 12 month CDs and 24 month CDs. After sorting through dozens of rate pages by local community banks and credit unions serving the city of Tampa as well as the state of Florida, we found that for the most part, you will be able to receive slightly better rates with local institutions than with large national banks.

Keep in mind interest rates are time-sensitive in nature, so you will want to refer to the date of this article for accuracy. To get the most CD current rates from national banks, compare CD rates nationwide. 

How did we compile this list? As you are probably aware, higher CD rates tend to accompany longer maturities and since we did not want to strictly list long maturity CD’s we decided to list the deposit rates which beat the national average by the highest margins.

Best 6 month CD rates in Tampa, Florida:

  • Southern Commerce Bank has a 6 month CD yielding 2.0% APY with a minimum deposit amount of $500. This is Southern Commerce Bank’s National Association and serves the state of Florida with branch locations in Tampa. 
  • USAmeriBank has a 6 month CD yielding 2.0% APY as well with a minimum deposit of $500. USAmeriBank has locations in Tampa and Brandon, Florida and serves the residents in the state of Florida. 
  • Bay Cities Bank has a 6 month CD yielding 1.85% APY with a minimum deposit amount of $1,000. Bay Cities Bank is located in Tampa, Florida.

Best 12 month CD rates in Tampa, Florida:

  • Southern Commerce Bank, National Association has a 12 month CD yielding 2.30% APY with a minimum deposit of $500. Southern Commerce Bank is located in the city of Tampa.
  • USF Federal Credit Union has a 12 month CD yielding 2.10% APY with a minimum deposit amount of $500. USF Federal Credit Union is located in Tampa, Florida.
  • Florida West Coast Credit Union has a 12 month CD yielding 2.05% APY with a minimum deposit amount of $500. Florida West Coast CU has serves residents of the state of Florida and has branch locations and/or ATM’s in Tampa and Brandon, Florida.

Best 24 month CD rates in Tampa, Florida:

  • Bank of Florida – Tampa Bay has 24 month CD yielding 2.55% APY with a minimum deposit amount of only $1,000. Bank of Florida serves residents of this state and has several branch locations within Tampa. 
  • Hudson City Savings Bank has a 24 month CD yielding 2.50% APY with a minimum deposit amount of $5000. Hudson City Savings Bank has online banking options as well.
  • Bay Cities Bank has a 24 month CD yielding 2.40% APY with a minimum deposit amount of $1000. They are headquartered in Tampa.
Suncoast Schools Federal Credit Union, headquartered in Tampa, FL also has some fairly noteworthy savings rates. They serve many counties in northern Florida.
All of the above institutions are federally insured by either the FDIC or NCUA. If you live in the city of Tampa, FL and know of a better interest rate offered through your local bank or credit union, please share by leaving a comment.

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