BankUnited headquartered in Florida gives their top cd rates, for consumers to enjoy. One of the most attractive certificate of deposit being offered is the 18-month money in the bank deal which earns 2.37% APY.

Their current CD rates are as follows:

3.50% APY 60 month
3.25% APY 48 month
2.30% APY 24 month
2.37% APY 18 month
2.00% APY 12 month
1.55% APY 8 month

These certificate of deposit deals require new money for an opening deposit of $5,000. According to a bank representative, people from any state can enjoy these interest rates.

Interested individuals can start an application online. The bank will then send you a signature card to accomplish and notarized. Funding the certificate of deposit is only done by sending them a check. There is no option for sending money via wire transfer.

BankUnited imposes early withdrawal penalties of as much as 180 days of earnings for CD with over 12 months of term.

If you plan to close the CD, the bank will ask for a notarized instruction from you. The proceeds cannot be sent to you by wire transfers so you can also instruct them to send a check via secure mail, or credit it to your BankUnited savings or checking account.

One account holder reported to us that it took a month before he received his check when he closed his CD. It might be best to drop by a branch to open or close an account so things will go smoother and faster.

BankUnited was seized last May by the FDIC and was taken over by a new owner. There is no need to worry about a possible closure soon. It will be wise to stay within the FDIC limits though. They are insured with the FDIC through certificate number 58979.