Current CD rates with Heritage Bank of Florida at 2.53% APY for a 24-month money in the bank deal
Heritage Bank of Florida is still pushing for their certificates of deposit with the following best interest rates:
9 months 1.77% APY
18 months 2.22% APY
2 years 2.53% APY
These top cd rates can be enjoyed with an initial funding of $500 for the 9-month CD and $1000 initial deposit for the CDs with longer terms. The interest rates are still on the bank’s website as of December 28 but they may be changed any time without notice.
The earnings of the certificates of deposit are credited on a daily basis and credited into your account on the last day of its statement cycle. You can also use your Heritage Bank of Florida CDs as collateral in case you want get a lower interest rate for a loan you are applying for with them.
The bank does not allow any additional deposits to be added to your savings until it is mature. They also give a 10-day grace period so you can decide if you want to takeout the funds or renew the CD.
The website does not detail the withdrawal penalties which may affect the earnings of your deposit. It will be wise to inquire with the bank before signing up for anything. You can reach their 24-hour customer service line through 813-909-0944.
A branch visit is necessary to open this money in the bank deal. Heritage Bank of Florida has branches in Tampa, Wesley Chapel, and Lutz.
The bank gets good ratings. Bankrate.com issued 3 stars for the bank’s performance while BauerFinancial stamped 4 stars on their soundness and safety report. These figures were based on their June 2009 data. The bank is covered by the FDIC with certificate number 35009.
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