Here’s a good deal on CD rates for residents of Florida. BankUnited is offering a 3.25% APY 4 year CD and a 3.50% APY 5 year certificate of deposit which adds up to a lot of money when compounding interest is taken into account. The minimum deposit is $5,000. The early withdrawal penalty on these CDs is 180 days’ interest.
Branches of BankUnited are located in South Florida. I did a writeup on BankUnited’s FDIC seizure last year so there shouldn’t be any worry about it failing again. It’s always smart to stay under the $250,000 FDIC limit though. To visit their website, click here.
Category: CD Rates