To learn more about our rating and review methodology and editorial process, check out our guide on How Forbes Advisor Reviews Banks. To make the list, the certificate must be available to Florida residents.
CD accounts with daily compounding interest schedules generally did better than those with monthly or quarterly schedules. We gave preference to certificates with a minimum deposit requirement of under $10,000. Accounts offering the highest APYs rose to the top. The following is the weighting assigned to each category:īased on these categories, we ranked certificates in Florida from best to worst. To calculate the star ratings, we analyzed each certificate based on 10 data points in the categories of APY, minimum deposit requirements, compound interest schedule, customer service, digital experience, available terms and overall availability.
To determine the best CD rates in Florida, Forbes Advisor considered 356 CD accounts at 134 financial institutions in Florida, including traditional brick-and-mortar banks, online banks and credit unions.
