Best CD Rates in Jacksonville, Florida 2024

If you live in Jacksonville, Florida, and are looking forward to investing in the ever-evolving financial market of Florida, Certificate of Deposits is the ultimate option available. However, you need to be familiar with the most comprehensive details about the rates of the banking options available in the state.

Here is the concise overview, where we will guide you with some of the top options of the bank that will help you to maximize your savings as well as secure a brighter financial future.

Whether you are saving for any big purchase, an emergency fund horizon, or just looking to grow your wealth regularly, the following CD rates in Jacksonville will provide you with a straight path to financial success.

Overall Best CD Rates in Jacksonville, Florida

Name of the Bank	APY	Term	Address
Radiant Credit Union	5.51%	24-month	562 Park St., Jacksonville, FL 32204
Marshland Credit Union	5.30%	1 Year	Online
Bank OZK	5.30%	8 Month CD Special	6072 Youngerman Circle, Jacksonville, FL 32244
Renasant Bank	5.25%	7 Month CD Special	9822 Tapestry Park Circle, Suite 101, Jacksonville, FL 32246
Five Star Credit Union	5.25%	6 Month CD	Online
Navy Federal Credit Union	5.30%	1-year	12250 San Jose Blvd., Jacksonville, FL 32223​
My Savings Direct, a division of Emigrant Bank	5.00%	36-Month Online CD	5 East 42nd Street New York, NY 10017
Dollar Savings Direct	5.00%	36 Month CD	13 Croton Ave, Ossining, United States
My Savings Direct	5.00%	36-Month Online CD	Jacksonville, FL 32202
Idabel National Bank	4.85%	24-month CD	1201 SE St. Idabel, OK 74745
First Internet Bank	4.75%	3-Year CD	51 W. 3rd Street Tempe, AZ 85281
Discover Bank	4.75%	18-month term	Salt Lake City, UT 84130
Prime Alliance Bank	4.60%	36-Month Online CD	300 W Adams St, Jacksonville, FL 32202
BMO Alto, a division of Bank of Montreal Harris	4.60%	3 Year CD	1301 8th Ave W, FL 34221, USA
IncredibleBank	4.58%	36 Month CD	2512 Skyline Blvd, FL 33914, USA
Popular Direct	4.55%	36 Month CD	Miami Lakes, FL 33014
Department Of Commerce Federal Credit Union	4.50%	3-Year CD	White House Branch 1724 F St.
Wells Fargo Bank, National Association	4.50%	5-Years CD	4715 Town Center Pkwy   Jacksonville, FL 32246
KS StateBank	4.27%	4 Year	Online Bank
Community First Credit Union of Florida	4.20%	4-Years CD	9690 Applecross Rd   Jacksonville, FL 32222
Jacksonville Postal & Professional Credit Union	4.17%	4-Years CD	1820 Rogero Rd   Jacksonville, FL 32211
First Florida Credit Union	4.17%	4-Years CD	12929 Atlantic Blvd   Jacksonville, FL 32225
Alive Credit Union	4.05%	21-Month CD	9790 Touchton Rd, Jacksonville, FL 32246, United States
Jax Federal Credit Union	4.03%	4-Years CD	11406 San Jose Blvd   Jacksonville, FL 32223
Bank of America, National Association	3.93%	3-Years CD	9000 Southside Blvd   Jacksonville, FL 32256
Woodforest National Bank	3.00%	2-Years CD	4250 Phillips Hwy Jacksonville, FL 32207
Coastline Federal Credit Union	2.96%	2-Years CD	10991 San Jose Blvd   Jacksonville, FL 32223
VyStar Credit Union	2.86%	18-MonthsCD	214 N Hogan St Jacksonville, FL 32202
Navy Federal Credit Union	2.75%	18-Months CD	150 Riverside Ave   Jacksonville, FL 32202
HSBC Bank USA	2.35%	24 months	–
TD Bank	2.20%	12 months	9715 Gate Parkway N, Jacksonville, FL 32246​
Synovus Bank	2.15%	12 months	5992 Saint Augustine Rd, Jacksonville, Duval, FL, 32207-8036
Citibank	2.00%	18 months	14000 Citicards Way, Jacksonville, Florida, 32258
FirstAtlantic Bank	1.85%	1-Year CD	3293 Hodges Blvd   Jacksonville, FL 32224
CenterState Bank of Florida, National Association	1.85%	1-Years CD	7077 Bonneval Rd   Jacksonville, FL 322161
Chase Bank	1.75%	12 months	112 W Adams St, Ste 101, Jacksonville, FL 32202

Current CD Rates In Jacksonville, Florida By Term

When searching for the best CD rates in Jacksonville, Florida, it is highly important to consider the term length that suits your financial goals. Jacksonville is the state that is offering a variety of options for Certificate of Deposit investments.

It ranges from short-term to long-term. Thus before making the final decision, it is better to compare rates and terms from local banks and credit unions, so that you can find the best CD option that perfectly aligns with your savings strategy and timeline.

Best 6-Month CD Rates in Jacksonville, Florida

For those looking for a short-term investment option in Jacksonville, Florida, 6-month CD rates are a popular choice. Local banks and credit unions may offer competitive rates for these shorter terms. Go through the precise options available at Jacksonville, Florida.

1. Western Alliance Bank

Base criteria of Western Alliance Bank is:

• Minimum Amount: $1.00
• APY / Rate: 5.20%

Pros

• High-interest rates: Western Alliance Bank typically offers some of the highest interest rates on CDs in the market.
• FDIC insured: Western Alliance Bank is FDIC insured, so your money is safe up to $250,000.
• No monthly fees: There are no monthly fees for any of Western Alliance Bank’s CDs.
• Easy to open: You can open a CD with Western Alliance Bank online or by phone.
• Different customer service options available.
• Direct deposit: If you set up direct deposit for your paycheck or other regular income, you’ll earn a higher interest rate on your CD.

Rules

• Minimum deposit: The minimum deposit to open a CD with Western Alliance Bank varies by term.
• Early withdrawal penalties: There is an early withdrawal penalty if you withdraw money from your CD before the maturity date. The penalty is equal to 3 months’ interest on the amount withdrawn.
• Flexible terms: Western Alliance Bank offers CDs with terms ranging from 3 months to 5 years, so you can choose the term that best fits your needs.

2. OceanFirst Bank

Minimum Amount: $10.000

APY / Rate: 5.15% APY

Pros

• High interest rates: OceanFirst Bank’s CD rates are competitive with other banks. For example, the bank’s 13-month CD currently offers a promotional rate of 5.15% APY, which is higher than the national average for 1-year CDs.
• FDIC coverage: FDIC insurance covers up to $250,000 per depositor per FDIC-insured bank.
• Easy online access: OceanFirst Bank’s online banking platform is easy to use and provides customers with 24/7 access to their accounts.
• The bank has a customer satisfaction rating of 4.3 out of 5 stars on Bankrate.com.

Rules

• Minimum deposit: The minimum deposit for a CD at OceanFirst Bank is $10,000.
• Flexible terms: OceanFirst Bank offers CDs with a variety of terms, so you can choose one that fits your needs. Terms range from 6 months to 7 years.
• CD is automatically renewed for a 6-month term. The renewal rate is determined based on the published rate for the CD, excluding CD specials
• You must maintain the minimum balance requirement for the CD term in order to earn the advertised interest rate.
• If you withdraw funds from your CD before the maturity date, you may be subject to an early withdrawal penalty.
• Fees: There are no fees to open or maintain a CD at OceanFirst Bank. However, fees may reduce earnings.

3. Mission Valley Bank

Minimum Amount: $500

APY / Rate: 4.75% APY

Pros

• High APYs: Valley Bank’s CD rates are currently some of the highest on the market. For example, the 12-month CD currently has an APY of 5.00%.
• FDIC insured: Your deposits are FDIC insured up to $250,000 per depositor, for each account ownership category.
• No monthly fees: There are no monthly fees for maintaining a CD account with Valley Bank.
• Easy to open: You can open a CD account online or in a branch.

Rules

• Minimum deposit: The minimum deposit to open a CD account at Valley Bank is $500.
• Term length: CD terms range from 6 months to 60 months.
• Early withdrawal penalties: There are early withdrawal penalties if you withdraw your funds before maturity. The penalty amount depends on the terms of the CD.
• Easy to open: If you’re opening a CD online, you can deposit up to $500,000 into your account.
• You can withdraw money before the term is up but may have to pay an early withdrawal fee.

Best 12-Month CD Rates in Jacksonville, Florida

Apart from the short-term investment option, when you are searching for the best 12-month CD rates in Jacksonville, Florida also offers you versatile options.

Before getting into any final aspect, it is important to consider your investment goals and financial institution options. Look for local banks and credit unions that offer competitive interest rates and favorable terms for 12-month certificates of deposit. By comparing rates and reading the fine print will help you make an informed decision and maximize your savings over the one-year term. Here are some precise choices discussed next;

1. Bread Savings

Minimum Amount: $1500

APY / Rate: 5.35%

Pros

• High APYs: Bread Savings offers competitive APYs on both its savings accounts and CDs.
• FDIC insured: Bread Savings is FDIC insured, so your deposits are protected up to $250,000.
• Minimal fees: Bread Savings has no monthly maintenance fees for either its savings accounts or CDs. There are also no fees for ACH transfers, online statements, or incoming wire transfers.
• Easy to use: Bread Savings’ website and mobile app are easy to use. You can easily open an account, deposit money, and transfer funds.

Rules

• High APYs: Bread Savings offers competitive APYs on both its savings accounts and CDs. The current APY for the high-yield savings account is 4.90%, and the APY for CDs ranges from 5.35% to 4.35%.
• Minimum deposit: Maximum deposit limit of $1 million per account and $10 million limit per customer
• Term lengths: Bread Savings offers CDs with term lengths of 6 months, 1 year, 2 years, 3 years, 5 years, and 7 years.
• Early withdrawal penalties: There are early withdrawal penalties for CDs at Bread Savings.

2. Quontic Bank

Basic criteria given by Quontic Bank:

Minimum Amount: $500

APY / Rate: 5.30% APY

Pros

• High-interest rates: Quontic Bank’s CDs offer some of the highest interest rates on the market. As of July 2023, Quontic Bank’s 1-year CD offers an APY of 5.30%, which is significantly higher than the national average of 1.59%.
• Flexible terms: Quontic Bank offers CDs with various terms, so you can choose one that fits your needs. You can choose from terms of 6 months, 1 year, 2 years, 3 years, or 5 years.
• FDIC insured: Quontic Bank is FDIC insured, so your deposits are protected up to $250,000.
• Easy to open online: You can open a CD with Quontic Bank online in just a few minutes. This makes it a convenient option for people who want to open a CD without having to go to a bank branch.

Rules

• Minimum deposit: The minimum deposit to open a CD with Quontic Bank is $500.
• Term length: CD terms range from 6 months to 5 years.
• No minimum balance requirement: Quontic Bank’s CDs have no minimum balance requirement, so you can start saving with as little as $500.
• Early withdrawal penalties: There is an early withdrawal penalty if you withdraw money from your CD before the maturity date. The penalty is equal to 3 months’ interest on the amount withdrawn.
• Quontic Bank offers online CD openings.

3. VyStar Credit Union

Minimum Amount: $500

APY / Rate: 3.00%

Pros

• Competitive interest rates: VyStar offers competitive interest rates on CDs, which means you can earn more money on your savings.
• Flexible terms: VyStar offers CDs with a variety of terms, so you can choose one that fits your needs.
• Easy to open: You can open a CD account online or at any VyStar branch.
• No monthly fees: VyStar doesn’t charge a monthly service fee on the savings account.
• Member accounts in VyStar Credit Union are federally insured by the National Credit Union Share Insurance Fund.

Rules

• Minimum deposit: VyStar CD requires a minimum deposit of $500 to open an account.
• Term length: The term length of a CD can range from 3 months to 5 years.
• Early withdrawal penalty: If you withdraw your money from a CD before the term is up, you may be subject to an early withdrawal penalty.
• No monthly fees: VyStar doesn’t charge any monthly fees for CD accounts.
• Renewal Policies – Your certificate will automatically renew at maturity. The VyStar Pace, Kid’s Account, 10 Month and 13 Month Certificates will automatically renew to the advertised 12 Month rate and term at maturity. The 23 Month Certificate will automatically renew to the advertised 24 Month rate and term at maturity. You will have a grace period of 14 calendar days after the maturity date to withdraw the funds in the certificate account without being charged an early withdrawal penalty as described above.

Best 24-Month CD Rates in Jacksonville, Florida

When looking for the best 24-month CD rates in Jacksonville, compare the interest rates, terms, and any additional benefits that banks offer. A 2-year CD can provide a balance between earning potential and liquidity. Some of the considerable choice options are;

1. Bread Savings

Minimum Amount: $1500

APY / Rate: 5.00% APY

Pros

• High APYs: Bread Savings offers competitive APYs on both its savings accounts and CDs. The current APY for the high-yield savings account is 4.90%, and the APY for CDs ranges from 5.00% to 4.35%.
• FDIC insured: Bread Savings is FDIC insured, so your deposits are protected up to $250,000.
• Minimal fees: Bread Savings has no monthly maintenance fees for either its savings accounts or CDs. There are also no fees for ACH transfers, online statements, or incoming wire transfers.
• Easy to use: Bread Savings’ website and mobile app are easy to use. You can easily open an account, deposit money, and transfer funds.

Rules

• Minimum deposit: The minimum deposit to open a CD is $1500.
• APY: APYs vary depending on the term length. For example, the APY for a 12-month CD is 5.00%, while the APY for a 60-month CD is 4.35%.
• Deposit Amount : Maximum deposit limit of $1 million per account and $10 million limit per customer
• Term lengths: CD terms range from 12 months to 60 months.
• Early withdrawal penalties: There are early withdrawal penalties for CDs at Bread Savings.
• CD is automatically renewed for a 1,2, and 3 year Certificate of Deposit (CD).

2. Idabel National Bank

Minimum Amount: $1.00

APY / Rate: 4.85% APY

Pros

• High interest rates. Idabel National Bank’s CDs offer some of the highest interest rates in the market. For example, their 24-month CD currently has an APY of 4.85%, which is significantly higher than the national average.
• FDIC insured. All CDs at Idabel National Bank are FDIC insured, up to $250,000 per depositor.
• Access: You can access your CD funds through online banking, ATMs, or by writing a check.
• Convenience: One account to hold all your deposit products. Simplified statements. Easy access to manage your funds – all through a streamlined digital platform.

Rules

• Minimum Opening Deposit: The minimum deposit for a CD at Idabel National Bank is $1.00
• Term length. CD terms range from 30 days to 5 years.
• Interest compounding: Interest on CDs at Idabel National Bank compounds monthly.
• Early withdrawal penalties: There is a 1-month’s interest penalty for early withdrawals from CDs at Idabel National Bank.
• At maturity, your CD will automatically renew and earn the base interest rate.

3. Discover Bank

Minimum Amount: $2500

APY / Rate: 4.75% APY on an 18-month term.

Pros

• Competitive interest rates: Discover Bank CDs offer competitive interest rates compared to other banks. For example, as of July 2023, Discover Bank’s 1-year CD has an APY of 4.85%, while the national average APY for a 1-year CD is 2.50%.
• No monthly fees: Discover Bank CDs do not have any monthly fees.
• FDIC insured: Discover Bank is FDIC insured, so your money is protected up to $250,000.
• Easy to open: You can open a Discover CD online in just a few minutes. You’ll need to provide some basic information, such as your name, address, and Social Security number.

Rules

• Minimum deposit: There’s a $2,500 minimum deposit requirement to open a CD with Discover.
• Flexible terms: Discover Bank offers 12 certificate of deposit (CD) terms, ranging from three months to 10 years.
• Early withdrawal penalty: The penalty for an early withdrawal depends on the length of the term of your CD. For terms of less than one year, the penalty is three months of simple interest. For terms between one and four years, the penalty is six months of simple interest.
• Rollover: You can roll over your Discover CD to a new term without penalty.

Best 36-Month CD Rates in Jacksonville, Florida

A 3-year CD can provide a favorable balance between earning potential and access to your funds. Take the time to compare interest rates and also consider certain factors like early withdrawal penalties and minimum deposit requirements to make an informed decision that aligns with your financial objectives.

The most crucial and precise options for this term length are;

1. Bank or Credit Union Name: Bread Savings

Minimum Amount: $1500

APY / Rate: 4.75%

Pros

• High APYs: Bread Savings offers competitive APYs on both its savings accounts and CDs. The current APY for the high-yield savings account is 4.90%, and the APY for CDs ranges from 5.00% to 4.35%.
• FDIC insured: Bread Savings is FDIC insured, so your deposits are protected up to $250,000.
• Minimal fees: Bread Savings has no monthly maintenance fees for either its savings accounts or CDs. There are also no fees for ACH transfers, online statements, or incoming wire transfers.
• Easy to use: Bread Savings’ website and mobile app are easy to use. You can easily open an account, deposit money, and transfer funds.

Rules

• Minimum deposit: The minimum deposit to open a CD is $1500.
• APY: APYs vary depending on the term length. For example, the APY for a 12-month CD is 5.00%, while the APY for a 60-month CD is 4.35%.
• Deposit Amount : Maximum deposit limit of $1 million per account and $10 million limit per customer
• Term lengths: CD terms range from 12 months to 60 months.
• Early withdrawal penalties: There are early withdrawal penalties for CDs at Bread Savings.
• CD is automatically renewed for a 1,2, and 3 year Certificate of Deposit (CD).

2. Quontic Bank

Minimum Amount: $500

APY / Rate: 4.40%

Pros

• High interest rates: Quontic Bank’s CDs offer some of the highest interest rates on the market. As of July 2023, Quontic Bank’s 1-year CD offers an APY of 5.30%, which is significantly higher than the national average of 1.59%.
• Flexible terms: Quontic Bank offers CDs with a variety of terms, so you can choose one that fits your needs. You can choose from terms of 6 months, 1 year, 2 years, 3 years, or 5 years.
• FDIC insured: Quontic Bank is FDIC insured, so your deposits are protected up to $250,000.
• Easy to open online: You can open a CD with Quontic Bank online in just a few minutes. This makes it a convenient option for people who want to open a CD without having to go to a bank branch.

Rules

• Minimum deposit: The minimum deposit to open a CD with Quontic Bank is $500.
• Term length: CD terms range from 6 months to 5 years.
• No minimum balance requirement: Quontic Bank’s CDs have no minimum balance requirement, so you can start saving with as little as $500.
• Early withdrawal penalties: There is an early withdrawal penalty if you withdraw money from your CD before the maturity date. The penalty is equal to 3 months’ interest on the amount withdrawn.
• Quontic Bank offers online CD openings.

3. Discover Bank

Minimum Amount: $2500

APY / Rate: 4.30% APY

Pros

• Competitive interest rates: Discover Bank CDs offer competitive interest rates compared to other banks. For example, as of July 2023, Discover Bank’s 1-year CD has an APY of 4.85%, while the national average APY for a 1-year CD is 2.50%.
• No monthly fees: Discover Bank CDs do not have any monthly fees.
• FDIC insured: Discover Bank is FDIC insured, so your money is protected up to $250,000.
• Easy to open: You can open a Discover CD online in just a few minutes. You’ll need to provide some basic information, such as your name, address, and Social Security number.

Rules

• Minimum deposit: There’s a $2,500 minimum deposit requirement to open a CD with Discover.
• Flexible terms: Discover Bank offers 12 certificate of deposit (CD) terms, ranging from three months to 10 years.
• Early withdrawal penalty: The penalty for an early withdrawal depends on the length of the term of your CD. For terms of less than one year, the penalty is three months of simple interest. For terms between one and four years, the penalty is six months of simple interest.

Best 60-Month CD Rates in Jacksonville, Florida

The investors most commonly do not prefer to rely on such long CD options, but it does favor people who want the highest return. To meet the needs of the specified investors, here is the more authentic CD options list provided in the content next;

1. Bread Savings

Minimum Amount: $1500

APY / Rate: 4.35%

Pros

• High APYs: Bread Savings offers competitive APYs on both its savings accounts and CDs. The current APY for the high-yield savings account is 4.90%, and the APY for CDs ranges from 5.00% to 4.35%.
• FDIC insured: Bread Savings is FDIC insured, so your deposits are protected up to $250,000.
• Minimal fees: Bread Savings has no monthly maintenance fees for either its savings accounts or CDs. There are also no fees for ACH transfers, online statements, or incoming wire transfers.
• Easy to use: Bread Savings’ website and mobile app are easy to use. You can easily open an account, deposit money, and transfer funds.

Rules

• Minimum deposit: The minimum deposit to open a CD is $1500.
• APY: APYs vary depending on the term length. For example, the APY for a 12-month CD is 5.00%, while the APY for a 60-month CD is 4.35%.
• Deposit Amount : Maximum deposit limit of $1 million per account and $10 million limit per customer
• Term lengths: CD terms range from 12 months to 60 months.
• Early withdrawal penalties: There are early withdrawal penalties for CDs at Bread Savings.
• CD is automatically renewed for a 1,2, and 3 year Certificate of Deposit (CD).

2. Quontic Bank

Minimum Amount: $500

APY / Rate: 4.30% APY

Pros

• High interest rates: Quontic Bank’s CDs offer some of the highest interest rates on the market. As of July 2023, Quontic Bank’s 1-year CD offers an APY of 5.30%, which is significantly higher than the national average of 1.59%.
• Flexible terms: Quontic Bank offers CDs with a variety of terms, so you can choose one that fits your needs. You can choose from terms of 6 months, 1 year, 2 years, 3 years, or 5 years.
• FDIC insured: Quontic Bank is FDIC insured, so your deposits are protected up to $250,000.
• Easy to open online: You can open a CD with Quontic Bank online in just a few minutes. This makes it a convenient option for people who want to open a CD without having to go to a bank branch.

Rules

• Minimum deposit: The minimum deposit to open a CD with Quontic Bank is $500.
• Term length: CD terms range from 6 months to 5 years.
• No minimum balance requirement: Quontic Bank’s CDs have no minimum balance requirement, so you can start saving with as little as $500.
• Early withdrawal penalties: There is an early withdrawal penalty if you withdraw money from your CD before the maturity date. The penalty is equal to 3 months’ interest on the amount withdrawn.
• Quontic Bank offers online CD openings.

3. Community First Credit Union

Minimum Amount: $500

APY / Rate: 4.09% APY

Pros

• High-interest rates: Community First Credit Union’s CD rates are competitive with other credit unions and banks. As of July 2023, the highest APY for a 1-year CD is 4.29%, and the highest APY for a 5-year CD is 4.09%.
• Flexible terms: Community First Credit Union offers CDs with terms ranging from 3 months to 5 years. This gives you the flexibility to choose a term that fits your financial goals.
• Easy access to your money: You can access your CD funds through ATMs, online banking, or by writing a check. This makes it easy to use your money when you need it.
• Community First Credit Union are federally insured by the National Credit Union Share Insurance Fund.

Rules

• Minimum deposit: The minimum deposit required to open a CD with Community First Credit Union varies depending on the term of the CD. The minimum deposit for a CD is $500.
• Early withdrawal penalties: A loss of 31 days dividends if the certificate term is between 3 and 5 months; a loss of 90 days dividends if the certificate term is 4 months through 12 months; a loss of 180 days dividends if the certificate term is 13 months or greater.
• Renewal Policies : All certificates will automatically renew at maturity. You will have a grace period of 14 calendar days after the maturity date to withdraw the funds in the certificate account without being charged an early withdrawal penalty as described above.

Economic Statistics for Jacksonville, Florida

Jacksonville, Florida, holds a very vibrant and diverse economy along with the population dynamics. Both are essential factors for individuals who are looking forward to investment opportunities through Certificates of Deposit (CDs). As per the insights;

• The population of Jacksonville stands at approximately 1,330,000. It indicates a very significant growth of around 1.13%. This growth is ten clear evidence that the city keeps on expanding in the appeal and potential for investors as well as residents.
• In terms of economic indicators, the median household income in Jacksonville was reported at $65,579, with a per capita income of $37,376, reflecting the city’s economic environment and the average spending power of its residents. This proportion is highly authentic to understanding the local market capacity for savings and investments
• Additionally, the median value of owner-occupied housing units was pegged at $243,000, offering insights into the real estate market’s stability and the wealth accumulation potential for homeowners in the area​​.

Indicator	Value
Population (Approx.)	1,000,135
Growth Since 2020 Census (%)	5.09%
Median Household Income	$65,579
Per Capita Income	$37,376
Median Value of Owner-Occupied Housing	$243,000

The economic landscape of Jacksonville is further grounded by demographic trends. It thoroughly presents a compelling case for both financial institutions as well as investors.

How to Get The Best CD Rates in Jacksonville, Florida?

To secure the best CD rates in Jacksonville, Florida, investors should adopt a strategic approach.  A concise approach will ensure a broad review of available options. Here is the basic guide to follow; 

1. Begin your search by exploring local banks and credit unions in Jacksonville. Local institutions often offer competitive rates to attract deposits from residents and also have special kinds of offers for the community.
2. On the other hand, Online banks frequently provide higher interest rates as compared to traditional banks because they have lower overhead costs. Make sure that if you are choosing any online bank, it must be FDIC insured.
3. Afterwards, evaluate the terms of CDs across institutions. Longer terms usually offer higher rates, but ensure the term is aligned with your financial timeline and goals.
4. Also keep an eye out for promotional rates, which can be significantly higher than standard rates. These are often available for new customers only as well as for a limited time.
5. You have to understand all terms and conditions, including early withdrawal penalties and the procedure for interest payments. This will ultimately help you avoid any potential issues and ensure the CD fits your needs.

By following all these steps, you can precisely enhance your chances of finding the best CD rates in Jacksonville, Florida. So that you can maximize your investment returns.

CD Rates Methodology

Our methodology for evaluating CD rates involved a thorough review of 85 banks and credit unions that operate in and around Jacksonville, Florida. We also considered nationally accessible financial institutions. 

Out of these, only 36 made our list, having been selected for their;

• Superior CD rates
• Variety of term options
• Customer service reputation
• Overall accessibility to the average consumer

This comprehensive process aimed to identify institutions offering the best combination of high yields, security, and flexibility to meet the diverse needs of savers.

Conclusion

CDs are the safest considered investment because they are FDIC-insured up to the legal limit. It makes them an ideal choice for numerous risk-averse investors and all those investors who are looking to preserve capital and still earn a return. Apart from all this, the right type of CD is a subjective matter that depends on your financial goals, your timeline, as well as how much access you need for your funds.

FAQs