Tampa/St. Petersburg CD Rates Survey for the week February 27, 2012

Written by: PrimeRateNews Staff

Tampa/St. Petersburg CD Rates Survey for the week February 27, 2012

According to a recent Primerates.com survey conducted on February 27, 2012 of Tampa/St. Petersburg CD rates offered by the area banks & credit unions, Tampa’s/St. Petersburg’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) and TD Bank (www.tdbanknorth.com). Bank of America (www.bankofamerica.com) also has the highest 2-year and 5-year CD rate, with 0.40% CD and 1.11% CD respectively.

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
Bank of America 0.30% 0.35% 0.40% 0.60% 0.85% 1.11%
Wells Fargo 0.05% 0.05% NA NA NA NA
Fifth Third Bank 0.10% 0.15% 0.40% 0.55% 0.70% 0.85%
TD Bank 0.30% 0.20% NA NA NA NA
JPMorgan Chase 0.15% 0.20% 0.30% 0.35% 0.35% 0.75%

 

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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Tampa/St. Petersburg CD Rates Survey for the week...

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