According to a recent Primerates.com survey conducted on December 19, 2011 of Miami CD rates offered by the area banks & credit unions, Miami’s largest financial institutions offered short-term savers 6 month CD’s with rates between 0.05% at Wells Fargo (www.WellsFargo.com) and 0.30% at Bank of America (www.bankofamerica.com). For savers interested in longer maturities, BankUnited (www.BankUnited.com) offers the best rates for 1, 2, and 3 year maturities, ranging from .80% to 1.24%. Suntrust Bank (www.Suntrust.com) has the best returns for 4 and 5 year CD rates, both at 1.29%.
CD’s are typically insured up to $250,000 by the FDIC. As CD’s mature, banks typically re-price the rates on deposits. Make sure that you track when your CD’s mature so that you can roll them over into new CD’s and keep your money working as hard as possible.
| Banks | 6 month | 1 year | 2 year | 3 year | 4 year | 5 year |
| Wells Fargo | 0.05% | 0.05% | 0.55% | 0.90% | 1.15% | 1.15% |
| Bank of America | 0.30% | 0.35% | 0.40% | 0.60% | 0.85% | 1.20% |
| Citibank | 0.15% | 0.25% | 0.30% | 0.50% | 0.75% | 1.00% |
| Suntrust Bank | 0.25% | 0.40% | 0.65% | 0.85% | 1.29% | 1.29% |
| JPMorgan Chase | 0.20% | 0.25% | 0.40% | 0.50% | 0.50% | 1.00% |
| BankUnited | NA | 0.80% | 1.09% | 1.24% | NA | NA |
| Regions Bank | 0.15% | 0.15% | 0.25% | 0.55% | 0.75% | 0.85% |
| HSBC Bank | 0.10% | 0.20% | 0.35% | 0.35% | 0.80% | 0.80% |
Rates from banks, thrifts and credit union were posted on their websites on the date indicated for a $10,000 certificates of deposit meeting the specific holding requirement. Data is believed accurate at time of collection, can change without notice, and will vary. Contact a specific institution for current rates.
According to a recent Primerates.com survey conducted on December 19, 2011 of Miami CD rates offered by the area banks & credit unions, Miami’s largest financial institutions offered short-term savers 6 month CD’s with rates between 0.05% at Wells Fargo (www.WellsFargo.com) and 0.30% at Bank of America (www.bankofamerica.com). For savers interested in longer maturities, BankUnited (www.BankUnited.com) offers the best rates for 1, 2, and 3 year maturities, ranging from .80% to 1.24%. Suntrust Bank (www.Suntrust.com) has the best returns for 4 and 5 year CD rates, both at 1.29%.
CD’s are typically insured up to $250,000 by the FDIC. As CD’s mature, banks typically re-price the rates on deposits. Make sure that you track when your CD’s mature so that you can roll them over into new CD’s and keep your money working as hard as possible.
| Banks | 6 month | 1 year | 2 year | 3 year | 4 year | 5 year |
| Wells Fargo | 0.05% | 0.05% | 0.55% | 0.90% | 1.15% | 1.15% |
| Bank of America | 0.30% | 0.35% | 0.40% | 0.60% | 0.85% | 1.20% |
| Citibank | 0.15% | 0.25% | 0.30% | 0.50% | 0.75% | 1.00% |
| Suntrust Bank | 0.25% | 0.40% | 0.65% | 0.85% | 1.29% | 1.29% |
| JPMorgan Chase | 0.20% | 0.25% | 0.40% | 0.50% | 0.50% | 1.00% |
| BankUnited | NA | 0.80% | 1.09% | 1.24% | NA | NA |
| Regions Bank | 0.15% | 0.15% | 0.25% | 0.55% | 0.75% | 0.85% |
| HSBC Bank | 0.10% | 0.20% | 0.35% | 0.35% | 0.80% | 0.80% |
Rates from banks, thrifts and credit union were posted on their websites on the date indicated for a $10,000 certificates of deposit meeting the specific holding requirement. Data is believed accurate at time of collection, can change without notice, and will vary. Contact a specific institution for current rates.
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