Central Florida State Bank, a commercial bank serving the Belleview area in Florida and a federally regulated bank, is offering a 12 month IRA CD at 2.25%APY. The bank also offers 24 month IRA CD and 36 month IRA CD with the same rate at 2.25%APY.
The 12 month IRA CD offered by the bank is a very competitive rate considering that Bank of America’s 12 month IRA CD rate is only at 2.00%APY
The above rates may, however, change without prior notice but these rates are effective as of March 9, 2009. There is also a substantial penalty for early withdrawal and other fees which may reduce your earnings.