Florida Bank of Commerce with 4.18% CD on a 6-month Term
The Florida Bank of Commerce is offering a 6-month CD that gains 4.18% APY. The best CD rates can be availed with a minimum deposit of $500 with a maximum of $99K. New money is a requisite for this deal.
The bank has several branches spread in Central Florida cities of Lake Mary, Winter Park, Orlando, and Kissimmee.
This bank was just established in 2005. The BauerFinancial issued 3 stars and bankrate.com gave 2 stars when they reviewed the bank’s financial soundness using their June 2008 data.
The bank is FDIC insured with certificate # 58081. It will be wise to stay within the limits of the FDIC coverage given the weak reviews given to the bank.
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