Bank CD Rates

At present, the best of all the Palm Bank CD Rates are from their 13 month CD with an APY of 2.50%. This is a very good rate for such a short term CD. For this rate there is a minimum deposit of $2500 and a maximum of $90,000. Unfortunately all customers must visit a local branch office to open an account. This limits the clientele to residents of Tampa and Davis Island Florida.

This is a locally owned and operated bank. One advantage of not only being locally owned but small is the superior customer services they offer. When visiting a local branch office, do not be surprised when you are offered a cup of cappuccino or espresso while in the lobby.

This is an old style bank that believes in life-long relationships with their customers. Their emphases on loans are to credit worthy customers, which helps maintain their business. The board of directors is made up of local business men, a doctor and lawyers.

This bank has been operating since 2003 with the goal in mind to offer their community genuine concern for their surroundings and respect to each account holder.

There is online banking available at this community bank. The encryption is of 128-bit code that is run through a secure sockets layer system. The computer themselves at this bank are protected by their own server and a firewall that so far has yet to be penetrated. There are no computers at this bank directly linked to the interent.

Unfortunately the 13 month CD is the only rate available on line. The full range of bank CD rates is only available at one of their local branch offices or by placing a call to 813-873-7256.

Full banking services are offered in person at the Palm Bank. CD rates are available by request only.