Quontic Bank CDs
Finder score
1-year APY | 4.00% |
---|---|
3-year APY | 3.25% |
5-year APY | 3.00% |
Minimum deposit to open | $500 |
1-year APY | 4.00% |
---|---|
3-year APY | 3.25% |
5-year APY | 3.00% |
Minimum deposit to open | $500 |
There are a lot of Florida-based banks and credit unions, but only a few stand out from the rest. We’ve compared banks, credit unions and fintechs that serve Florida to find the best CD offerings with low deposit requirements.
Quontic Bank CDs
Finder score
1-year APY | 4.00% |
---|---|
3-year APY | 3.25% |
5-year APY | 3.00% |
Minimum deposit to open | $500 |
1-year APY | 4.00% |
---|---|
3-year APY | 3.25% |
5-year APY | 3.00% |
Minimum deposit to open | $500 |
Alliant Credit Union CDs
Finder score
1-year APY | 4.50% |
---|---|
3-year APY | 3.80% |
5-year APY | 3.65% |
Minimum deposit to open | $1,000 |
1-year APY | 4.50% |
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3-year APY | 3.80% |
5-year APY | 3.65% |
Minimum deposit to open | $1,000 |
Bethpage Federal Credit Union CDs
Finder score
1-year APY | 3.50% |
---|---|
3-year APY | 3.50% |
5-year APY | 2.50% |
Minimum deposit to open | $50 |
1-year APY | 3.50% |
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3-year APY | 3.50% |
5-year APY | 2.50% |
Minimum deposit to open | $50 |
First Internet Bank CDs
Finder score
1-year APY | 4.42% |
---|---|
3-year APY | 3.77% |
5-year APY | 3.67% |
Minimum deposit to open | $1,000 |
1-year APY | 4.42% |
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3-year APY | 3.77% |
5-year APY | 3.67% |
Minimum deposit to open | $1,000 |
Bread Savings CDs
Finder score
1-year APY | 4.40% |
---|---|
3-year APY | 3.50% |
5-year APY | 3.50% |
Minimum deposit to open | $1,500 |
1-year APY | 4.40% |
---|---|
3-year APY | 3.50% |
5-year APY | 3.50% |
Minimum deposit to open | $1,500 |
City National Bank
1-year APY | 2.48% |
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3-year APY | 1.66% |
5-year APY | 1.31% |
Minimum deposit to open | $1,000 |
1-year APY | 2.48% |
---|---|
3-year APY | 1.66% |
5-year APY | 1.31% |
Minimum deposit to open | $1,000 |
Finder’s experts compared Florida banks and credit unions, along with online banks and fintechs, to find the best CD offerings on the market. We heavily considered banks based in Florida and online banks that serve Florida. We only considered CDs with minimum opening deposits no higher than $1,500 and rates at least double the national average rate for CDs of the same term.
These are the key factors to compare when you’re trying to get the best CDs:
External factors like inflation and market conditions can impact CD rates. We often see CD offers change on a monthly basis. The benefit of traditional CDs, though, is that while offers can change, your rate remains fixed for the entire term.
Traditional savings accounts have variable interest rates, meaning your APY can change while you have the account open. With a CD, your rate is guaranteed for the entire term as long as you keep the account open and don’t withdraw your funds early.
CDs tend to offer double the 0.46% average rate for savings accounts, according to the FDIC. But CDs aren’t everyone’s cup of tea.(1) If you’d rather have access to your funds without the threat of early withdrawal penalties, consider these CD alternatives:
CDs are designed to grow your savings. Locking your funds away can help dissuade you from spending, and with their high interest rates, CDs tend to earn more passive interest than an average savings account. But if you don’t want to worry about opening deposit requirements or need easy access to your funds, consider other savings options.
Both Amerant Bank and US Century Bank are prominent banks in Florida, but due to their high deposit requirements, they didn’t make the cut for what we consider the best CDs in Florida. The Amerant Tampa-only 6-month CD has a very high 5.35% APY but requires a minimum deposit of $10,000.
US Century Bank, headquartered in Doral, is a community bank in Miami, Florida. It offers a high 4.81% APY on a 6-month term, but like Amerant, you’ll need a $10,000 opening deposit for any of Century’s CDs.
Wells Fargo and Chase have some of the largest presences in Florida, each with over 400 branches in the state. They are also two of the largest banks in the US. Other major banks in Florida include Truist Bank, PNC, TD and SouthState.
At CD maturity, you can roll over your money into a new CD or cash it out and move your money to a checking, savings or investing account.
Compare, choose and apply for a certificate of deposit on finder.com. Competitive interest rates from leading financial institutions in the US.
The highest CD rates in Texas are from Ciera Bank, Quontic Bank, Susser Bank, Ally Bank and more. See the full list here.
Some of the highest CD rates in Michigan are from Flagstar Bank, Quontic Bank, First Internet Bank, Ally Bank and more. See our full list here.
Savings rates are dropping, but you can lock in a high-APY CD without penalties for early withdrawal. Sallie Mae and Marcus CDs top our list.
Finding the best CD rate is vital to ensuring that your savings balance grows to the maximum amount possible in the shortest time.
EverBank’s CD variety offers something for everyone at high rates.
See what the average interest rate was in the US for 3-month, 60-month, 1-year, 3-year and 5-year CDs since 2009 and learn how the economy affects rates.
If you need a high-yield place to tuck your savings away, a $100,000 jumbo CD could be a solid option.