CD Rates in Florida for June 2026
Updated June 4, 2026
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The best certificates of deposit (CDs) can grow your savings with federal protection and guaranteed returns. With rates still near multi-year highs, now is a great time for Florida savers to lock in competitive yields.
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How Bankrate works
How Bankrate works
Compare rates
See savings and CD rates from different banks and credit unions in one place, so you can quickly compare your options.
Choose an account
Check the rate, terms and requirements, then pick the account that helps your savings grow faster.
Continue to the bank
Click through to the bank or credit union to open your account and start earning interest.
How to compare the best CD rates in Florida
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Term
CD terms commonly range from three months to five years. Before choosing, ask yourself how long you can leave your money untouched.
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Yield
The annual percentage yield (APY) is the most important factor in choosing a CD. The higher your yield, the more you earn.
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Minimum deposit
Make sure the institution's minimum deposit requirement aligns with the amount you plan to save. Minimums between $500 and $1,000 are common but you may see much lower or higher requirements, including up to $100,000 on jumbo CDs.
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Penalties and fees
If you must withdraw money early, you don't want to lose all your earnings. Read the fine print to find the early withdrawal penalty for the term you're eyeing, and watch for additional flat fees.
Don't skip credit unions
Online banks are a great place to start looking for competitive CDs. Many offer higher CD rates than Florida's brick-and-mortar banks. But don't forget about credit unions.
Credit unions are not-for-profit and owned by their members, which can translate into higher yields than you'll find elsewhere. However, membership is often limited to people who live, work or attend school in specific geographic areas or have particular careers.
Search for credit unions in Florida via a search engine and check out their share certificate offerings — that's what many credit unions call CDs. Visit the National Credit Union Administration (NCUA's) finder tool to make sure deposits are federally insured.
To get you started, these are some of the biggest credit unions in Florida by membership, all of which offer CDs:
How to decide whether you want a long- or short-term CD
Terms under six months typically have significantly lower yields than longer terms, based on rates Bankrate tracks. When top rates are higher — as they are currently — longer CD terms make more sense since your yield is guaranteed.
Next steps to take out a CD in Florida
Research methodology
Since 1976, Bankrate has been a leading publisher of rates and personal finance articles. We help our readers make smarter financial decisions, adhering to strict principles of editorial integrity and transparency.
Part of Bankrate’s editorial team is made up of a group of banking experts. These experts have collectively researched over 100 banks and review current details at least monthly to make sure readers stay up to date on the latest rates and bank products. If you see a star rating next to a product, that has been established by one of our banking experts, and is not influenced by partner status.
Note: Bankrate doesn’t include callable CDs or brokered CDs on this page and compares regular CDs and no-penalty CDs separately.