Bank CD Rates

The BankUnited CD rates are from a bank that was created in May of 2009 from the ashes of the failed BankUnited FSB that was closed by the FDIC in May of 2009. Today, this is a privately held financial institution with $11 billion in assets and 75 branch offices in 13 counties in Florida.

The current bank CD rates from BankUnited are as follows. The 60 month CD has an interest rate of 2.95% and an APY of 3.00%. The 48 month CD has an interest rate of 2.46% and an APY of 2.50%. The 36 month CD has an interest rate of 2.22% and an APY of 2.25%. The 24 month CD has an interest rate of 1.58% and an APY of 1.60%. The 12 month CD has an interest rate of 1.19% and an APY of 1.20%.

The minimum deposit for each of the CDs is $5000. The interest for each CD is compounded daily. For the CD to earn the full APY, the principal and interest must remain on deposit for the full term of the CD. There are also substantial penalties for early withdraw of any amount of the principals, but not with the interest. Although it is possible to withdraw the interest without penalty, the APY will be altered.

At this time, it is only possible to open a CD with BankUnited at one of their 75 local branch offices. All deposits are insured by the FDIC and even if the bank fails, depositors will not lose their investments.

These BankUnited CD rates were posted on May 28, 2010 and were still current as of June 3, 2010.

For additional resources about CDs on this website, please view Compass CD Rates.

For another source of financial information, please view Denver Mortgage Rates that is available on our sister website of onlinebanksblog.com. For another set of rates, please view Best Oklahoma CD Rates on bestcdratestoday.com.

We strive to bring you the latest and most accurate data possible from the home sites of the financial institutions we name.