Milton, Florida Best CD Rates October 2026
Brian McKay
Brian McKay
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Milton, Florida CD rates range from 0.05% to 5.00% APY, verified by MonitorBankRates as of October 31, 2026. Current Milton, Florida CD rates include United Bank (AL)United Bank (AL)5907 Berryhill Rd, Milton, FL 32570A+5.0 ★Texas Ratio: 5.81%Real return: +0.65%APY minus CPIRate verified Oct 31, 2026 offering CD Specials - 18 Month at 4.35% APY, Gulf Winds Credit UnionGulf Winds Credit Union5850 Highway 90, Milton, FL 32583A+5.0 ★Texas Ratio: 2.87%Real return: +0.00%APY minus CPIRate verified Oct 30, 2026 offering 60 Month IRA at 3.70% APY, TruistTruist5224 Stewart St, Milton, FL 32570A+5.0 ★Texas Ratio: 2.87%Real return: -0.45%APY minus CPIRate verified Oct 31, 2026 offering CD 12 Month at 3.25% APY, SouthState BankSouthState Bank6512 Caroline St, Milton, FL 32570A+5.0 ★Texas Ratio: 2.27%Real return: -0.55%APY minus CPIRate verified Oct 31, 2026 offering 6 Month Certificate of Deposit at 3.15% APY, and Santa Rosa County Federal Credit UnionSanta Rosa County Federal Credit Union5909 Stewart St, Milton, FL 32570A+5.0 ★Texas Ratio: 3.29%Real return: -0.70%APY minus CPIRate verified Oct 29, 2026 offering IRA Certificate - 36 Month Term at 3.00% APY. CD rates as of October 31, 2026 according to verified data from MonitorBankRates.
Milton has 45 local institutions in our database, with CD rates as high as 4.35% APY from United Bank (AL) at 5907 Berryhill Rd, Milton, FL 32570. Use the tables below to compare all available CD terms and offers, including options from institutions serving the broader Florida area. Rates are continually updated, so we recommend checking back frequently.
The Annual Percentage Yields (APYs) displayed reflect actual verified offers from top-rated institutions. Rates are subject to change at the institution's discretion without notice and may depend on your initial funding amount. A substantial penalty may be imposed for early withdrawal, which could reduce earnings on the account. CD Rates Last Updated and Verified: October 31, 2026
Compare Best CD Rates in Milton, Florida & the Surrounding Area
Milton 3 Month CD Rates
Same rate for all terms 7 days - 60 months; Standard interest rates for all balances ($0.01+); Minimum opening deposit $2,500 for terms from 7 to 31 days; $1,000 for terms from 32 days to 60 months; Rates are accurate as of 5/12/2026
Special Promotion; Personal: $500 minimum opening deposit; Business: $1000 minimum opening deposit; Short-term savings with penalty-free access; No penalty for early withdrawals
Available for current 3-Month CD clients only; Online Only; $25,000 minimum deposit to open and earn APY; maximum $1,000,000 per client
Compare table: Dividends 3.90 %; terms from 3 months to 5 years per page description; Digital Banking Access listed
Interest paid at maturity; Ability to fund throughout the term; IRA funds eligible; No penalty may be imposed for early withdrawal
Expected Profit Rate 3.85%; Expected Annual % Yield 3.90%; Profit paid at maturity; No discount may be applied for early withdrawal; Ability to fund throughout the term; Rates current as of 10/1/2026
Interest paid at maturity; Ability to fund throughout the term; IRA funds are eligible; No penalty may be imposed for early withdrawal
Special CD Rates for Continental U.S.; Continental U.S. only; Qualifying opening deposit must be new money to Banesco USA; APYs valid as of 10/02/2026
Advertised APY includes 0.25% new money increase; requires opening with at least $10,000 from another financial institution; Limited time offer, valid starting August 2026
Balance: $1,000 to $24,999
Balance: $1,000 to $24,999
Effective Date: September 21, 2026
Visit a Branch to Open; Min. Average Daily Balance to Earn APY: $500
Subject to penalty for early withdrawal
- Oct 30, 20263.75%▲ from 3.40%
- Oct 14, 20263.40%first recorded
Special 3 Month Share Certificate: limited time offer, may be cancelled without notice; automatically rolls over to another 3 Month Share Certificate; Early Withdrawal Penalty: 90 Days' Dividends
Special 3 Month Share Certificate is a limited time offer and may be cancelled at any time; auto-rolls to another 3 Month Share Certificate with a 10-day grace period; Early Withdrawal Penalty: 90 Days' Dividends
Certificates are established with a required minimum deposit. Anytime there is a withdrawal from the certificate that results in the balance being less than the minimum required balance, the certificate should either be closed or put into a certificate where the balance meets the required minimum deposit.
Certificates can only be added to at maturity or in the 10-day grace period
Certificates are established with a required minimum deposit. Anytime there is a withdrawal from the certificate that results in the balance being less than the minimum required balance, the certificate should either be closed or put into a certificate where the balance meets the required minimum deposit.
- Oct 30, 20263.65%▲ from 3.40%
- Oct 19, 20263.40%first recorded
Balance: $500 or more; Account matures in 3 months; Fund up to $500,000 online and up to $1,000,000 in a branch
VIP Relationship Reward Bonus
Business CD; maximum deposit $250,000
Minimum opening deposit of $1,000 required; offer not available to funds currently on deposit at Seacoast Bank; special APY applicable to initial term only; APY accurate as of October 23, 2026
- Oct 31, 20263.50%▲ from 3.25%
- Sep 24, 20263.25%first recorded
Subject to penalty for early withdrawal
- Oct 30, 20263.50%▲ from 3.25%
- Sep 18, 20263.25%first recorded
Existing certificates only - no new accounts offered
Existing certificates only - no new accounts offered
Early withdrawal penalties may apply; Open Online
VIP Relationship Reward Bonus rate
APY as of 7/6/26; Substantial penalty for early withdrawal
Penalty for early withdrawal: 3 Months Dividends
- Sep 18, 20263.35%▲ from 3.26%
- Sep 14, 20263.26%first recorded
- Oct 13, 20263.29%▼ from 4.00%
- Sep 18, 20264.00%first recorded
- Oct 13, 20263.26%▼ from 4.00%
- Sep 14, 20264.00%first recorded
Balance: $1,000,000 OR HIGHER; Tiered Structure
Dividends compounded and paid monthly; fixed rate for term
IRA Certificates; Rate is Dividend Rate
Rates effective as of October 26, 2026
Balance: $50,000 or more; Dividends paid monthly; APY is based on interest remaining in certificate until maturity; early withdrawal penalty applies
Balance: $750,000-$999,999.99; Tiered Structure
Minimum of $1,000.00 required
Milton 6 Month CD Rates
Minimum deposit: $1,000; Interest rate established the date of deposit and calculated by the daily balance method; Available with savings periods of either six, thirteen, or eighteen months
Advertised interest rates and APY for CDs are subject to change prior to account opening and fixed upon opening for the term. APY assumes monthly compounding.
Compound Frequency: Monthly
Compound Frequency: Monthly
Same rate for all terms 7 days - 60 months; Standard interest rates for all balances ($0.01+); Minimum opening deposit $2,500 for terms from 7 to 31 days; $1,000 for terms from 32 days to 60 months; Rates are accurate as of 5/12/2026
Minimum to Obtain: $500
- Oct 6, 20264.35%▲ from 4.25%
- Oct 1, 20264.25%▲ from 4.15%
- Sep 24, 20264.15%first recorded
Special Promotion; Personal: $500 minimum opening deposit; Business: $1000 minimum opening deposit; Short-term growth with a strong return; No penalty for early withdrawals
- Sep 24, 20264.33%▲ from 4.07%
- Sep 14, 20264.07%first recorded
Business CD; maximum deposit $250,000
- Oct 14, 20264.30%▲ from 4.00%
- Sep 18, 20264.00%first recorded
Online Only; $25,000 minimum deposit to open and earn APY; maximum $1,000,000 per client
- Oct 2, 20264.25%▲ from 4.00%
- Sep 18, 20264.00%first recorded
New money deposits required; $10,000 minimum opening deposit
- Oct 20, 20264.23%▲ from 4.00%
- Oct 14, 20264.00%first recorded
Offer applies to New Money Only for domestic personal accounts opened online; APYs effective as of 10/26/2026; penalties may apply to early withdrawals
- Oct 27, 20264.20%▲ from 4.15%
- Oct 22, 20264.15%▼ from 4.40%
- Oct 12, 20264.40%▲ from 4.35%
- Sep 16, 20264.35%first recorded
Commercial; must be opened under a commercial/business account with BCFCU; dividends compounded and credited monthly; $1,000 minimum balance required
Compound Period: Daily; APY is based on $50,000.00
Certificates are established with a required minimum deposit. Anytime there is a withdrawal from the certificate that results in the balance being less than the minimum required balance, the certificate should either be closed or put into a certificate where the balance meets the required minimum deposit.
Minimum balance to obtain APY: More than $0; Minimum balance to open account online: $1,000; Not available to business customers
Balance: $100,000 minimum to earn interest; A minimum opening balance of $500 is required for all CD products
Annual Percentage Yield; Maximum deposit $10 million; Not available for public units; Limited-time offer; Fees could reduce earnings; Early withdrawal penalties apply
Short-term growth CD; $2,500 minimum opening deposit; maximum deposit $10 million; not available for public units or Business CDs
- Oct 10, 20264.10%▲ from 3.70%
- Sep 14, 20263.70%first recorded
Compound Period: Daily
Certificates can only be added to at maturity or in the 10-day grace period
Certificates are established with a required minimum deposit. Anytime there is a withdrawal from the certificate that results in the balance being less than the minimum required balance, the certificate should either be closed or put into a certificate where the balance meets the required minimum deposit.
Choice of terms: 6 month or 12 month; Deposit minimum $1,000; New or Current Money; Early withdrawals are subject to penalty
Balance: $25,000 minimum to earn interest; A minimum opening balance of $500 is required for all CD products
Balance: $1,000 minimum daily balance to obtain APY; Special for customers with an INB loan or INB checking account with monthly direct deposit; 90 days interest early withdrawal penalty; Matures in 6 months, renews at 6-month term
Minimum Balance to Obtain Annual Percentage Yield: $1,000.00
- Oct 14, 20264.04%▲ from 3.71%
- Oct 7, 20263.71%first recorded
Jumbo Certificate rates require a $100,000.00 minimum deposit.
Special CD Rates for Continental U.S.; Continental U.S. only; Qualifying opening deposit must be new money to Banesco USA; APYs valid as of 10/02/2026
Only available to existing Premier customers; Minimum balance to obtain APY: More than $0; Minimum balance to open account online: $1,000; Not available to business customers
Wealth Center or Telephone Only; Minimum balance to obtain APY: More than $0; Minimum balance to open account: $1,000; Not available to business customers
Online only; 30-day penalty if withdrawn before maturity
- Sep 24, 20264.00%▲ from 3.56%
- Sep 14, 20263.56%first recorded
Certificates of Deposit Specials
- Oct 31, 20264.00%▼ from 4.40%
- Oct 20, 20264.40%▲ from 4.15%
- Oct 14, 20264.15%▲ from 3.40%
- Sep 24, 20263.40%first recorded
Partial withdrawals allowed; APY as of 10/20/2026
Guaranteed rate of return with flexible terms. All rates are Annual Percentage Yields.
- Oct 21, 20264.00%▲ from 3.75%
- Sep 14, 20263.75%first recorded
Set aside money for retirement with our flexible CD options. All rates are Annual Percentage Yields.
- Oct 7, 20264.00%▲ from 3.80%
- Sep 14, 20263.80%first recorded
Set aside money for retirement with our flexible CD options. All rates are Annual Percentage Yields.
Advertised APY includes 0.25% new money increase; requires opening with at least $10,000 from another financial institution; Limited time offer, valid starting August 2026
- Oct 23, 20264.00%▲ from 3.05%
- Oct 15, 20263.05%first recorded
Penalty for early withdrawal: 3 Months Dividends
- Sep 18, 20264.00%▲ from 3.87%
- Sep 14, 20263.87%first recorded
Promotional rate; Rates effective as of August 24, 2026; 4.00% APY 6-Month effective 6/1/2026; minimum opening balance of $500; All terms are subject to early withdrawal penalty and/or fees which may reduce earnings
Fixed; Dividends compounded monthly
Rate Fixed; Dividends Compounded Paid: Monthly
Minimum Deposit/Balance: $50,000; Minimum to Earn Dividends: $50,000; Rate Fixed/Variable: Fixed; Dividends Compounded Paid: Monthly
Minimum balance to earn interest: $100,000
Balance: $100,000 minimum to earn interest
Milton 12 Month CD Rates
Balance: $100,000 and above; special rate on select new CD accounts
IRA Certificate; Minimum deposit of $1,000 required to open and earn the stated APY; Dividends compounded and credited monthly
Compound Frequency: Monthly
Compound Frequency: Monthly
Advertised interest rates and APY for CDs are subject to change prior to account opening and fixed upon opening for the term. APY assumes monthly compounding.
Same rate for all terms 7 days - 60 months; Standard interest rates for all balances ($0.01+); Minimum opening deposit $2,500 for terms from 7 to 31 days; $1,000 for terms from 32 days to 60 months; Rates are accurate as of 5/12/2026
Family Legacy Certificate Account for a beneficiary/representative of a deceased member; must be opened within two years of the date of death; eligibility subject to verification; one renewal at rate in effect at maturity; rate not guaranteed to match original; Dividend Rate accurate as of July 24th, 2026
- Sep 17, 20265.00%▲ from 4.91%
- Sep 14, 20264.91%first recorded
- Oct 19, 20264.60%▲ from 4.50%
- Oct 6, 20264.50%▲ from 4.40%
- Oct 1, 20264.40%▲ from 4.25%
- Sep 24, 20264.25%first recorded
Online CD
- Oct 20, 20264.50%▲ from 4.35%
- Sep 18, 20264.35%first recorded
Featured rate; Online only; 30-day penalty if withdrawn before maturity
- Oct 20, 20264.50%▲ from 4.35%
- Sep 24, 20264.35%▲ from 4.15%
- Sep 14, 20264.15%first recorded
Special Promotion; Personal: $500 minimum opening deposit; Business: $1000 minimum opening deposit; Lock in a great rate for a full year; No penalty for early withdrawals
- Oct 21, 20264.46%▲ from 4.15%
- Sep 14, 20264.15%first recorded
Online Only; $25,000 minimum deposit to open and earn APY; maximum $1,000,000 per client
- Oct 2, 20264.45%▲ from 4.00%
- Sep 18, 20264.00%first recorded
Minimum balance to obtain APY: More than $0; Minimum balance to open account online: $1,000; Not available to business customers
IRA Certificates; Rate is Dividend Rate
New money deposits required; $2,500 minimum opening deposit
- Oct 20, 20264.39%▲ from 4.11%
- Oct 14, 20264.11%first recorded
Offer applies to New Money Only for domestic personal accounts opened online; APYs effective as of 10/26/2026; penalties may apply to early withdrawals
up to $2,500; Balance: up to $2,500
Only available to existing Premier customers; Minimum balance to obtain APY: More than $0; Minimum balance to open account online: $1,000; Not available to business customers
Wealth Center or Telephone Only; Minimum balance to obtain APY: More than $0; Minimum balance to open account: $1,000; Not available to business customers
Annual Percentage Yield; Maximum deposit $10 million; Not available for public units; Limited-time offer; Fees could reduce earnings; Early withdrawal penalties apply
Top rate CD; $500 minimum opening deposit; maximum deposit $10 million; not available for public units or Business CDs
- Oct 10, 20264.30%▲ from 3.80%
- Sep 14, 20263.80%first recorded
Months 10-12 APY 4.25%; Minimum to Obtain: $500
Featured Rate; Balance: All balance ranges
Featured Rate; Balance: All balance ranges
FL only; promotional CD offer; 10-day rate guarantee; must open by 11/10/2026; Banking Center: minimum $10,000 up to $500,000 to obtain advertised APY; Online: minimum $500 up to $250,000 to obtain advertised APY; new funds required
- Oct 14, 20264.25%▲ from 4.00%
- Sep 27, 20264.00%first recorded
Limited Time Offer; Offer available for new money only (funds must come from an account outside Capital Bank, N.A.); Early withdrawal penalty equal to six (6) months' interest on the amount withdrawn may be imposed; APY accurate as of September 23, 2026
Certificates of Deposit Specials
- Oct 31, 20264.25%▲ from 4.00%
- Oct 20, 20264.00%▲ from 3.50%
- Oct 14, 20263.50%▼ from 3.95%
- Sep 24, 20263.95%▲ from 3.45%
Advertised APY includes 0.25% new money increase; requires opening with at least $10,000 from another financial institution; Limited time offer, valid starting August 2026
- Oct 23, 20264.25%▲ from 3.15%
- Oct 15, 20263.15%first recorded
Effective Date: September 21, 2026
Visit a Branch to Open; Min. Average Daily Balance to Earn APY: $500
Jumbo Share & IRA Certificates; Early Withdrawal Penalty: 180 days interest
- Oct 14, 20264.25%▲ from 4.00%
- Sep 14, 20264.00%first recorded
Jumbo Certificates of Deposit - Limited Time Promotion
- Oct 26, 20264.25%▲ from 4.00%
- Oct 6, 20264.00%first recorded
Maximum Balance $1,000.00; Traditional, Roth & Coverdell Education; Rates Set: Monthly; Add funds at any time throughout the certificate term up to $1,000; Limit One Per Member Under 18 Years of Age; Must have a Regular IRA Savings Account in order to open; penalty for early withdrawal
Up to 4.24% APY; Annual Percentage Yields are effective as of 08/06/26
Certificates are established with a required minimum deposit. Anytime there is a withdrawal from the certificate that results in the balance being less than the minimum required balance, the certificate should either be closed or put into a certificate where the balance meets the required minimum deposit.
Certificates can only be added to at maturity or in the 10-day grace period
Certificates are established with a required minimum deposit. Anytime there is a withdrawal from the certificate that results in the balance being less than the minimum required balance, the certificate should either be closed or put into a certificate where the balance meets the required minimum deposit.
Promotional Rates; Balance: $0.01-$9,999.99
Dividend rate and APY effective Monday, October 19th, 2026
APY as of 10/22/2026; Fees could reduce earnings; A penalty may be charged for early withdrawal
Non-Promotional Rates; Balance: $0.01-$9,999.99
Compound Period: Daily; APY is based on $10,000; APY changes bi-annually on January 1st and July 1st
Milton 18 Month CD Rates
Minimum deposit: $1,000; Interest rate established the date of deposit and calculated by the daily balance method; Available with savings periods of either six, thirteen, or eighteen months
Compound Frequency: Monthly
Compound Frequency: Monthly
Same rate for all terms 7 days - 60 months; Standard interest rates for all balances ($0.01+); Minimum opening deposit $2,500 for terms from 7 to 31 days; $1,000 for terms from 32 days to 60 months; Rates are accurate as of 5/12/2026
- Oct 26, 20264.80%▲ from 4.75%
- Oct 19, 20264.75%▲ from 4.65%
- Oct 6, 20264.65%▲ from 4.55%
- Oct 1, 20264.55%▲ from 4.35%
Rate Type: Fixed
Rate Type: Fixed
Rate Type: Fixed
- Oct 14, 20264.50%▼ from 4.59%
- Sep 14, 20264.59%first recorded
Online only; 30-day penalty if withdrawn before maturity
- Oct 20, 20264.45%▲ from 4.15%
- Sep 24, 20264.15%▲ from 4.00%
- Sep 14, 20264.00%first recorded
Relationship CD; Minimum $2500 to open; Relationship is defined as Direct Deposit Checking
Certificates are established with a required minimum deposit. Anytime there is a withdrawal from the certificate that results in the balance being less than the minimum required balance, the certificate should either be closed or put into a certificate where the balance meets the required minimum deposit.
- Oct 19, 20264.39%▲ from 4.28%
- Sep 18, 20264.28%first recorded
Certificates can only be added to at maturity or in the 10-day grace period
Certificates are established with a required minimum deposit. Anytime there is a withdrawal from the certificate that results in the balance being less than the minimum required balance, the certificate should either be closed or put into a certificate where the balance meets the required minimum deposit.
- Oct 19, 20264.33%▲ from 4.23%
- Sep 18, 20264.23%first recorded
Majority New Money (must be at least 51% new money for the opening deposit); Must have an existing checking account or open a new checking account at the time of CD/IRA opening; Early withdrawals are subject to penalty
Promotional Rates; Balance: $0.01-$9,999.99
Promotional APY on 18 & 24-month CDs; Minimum opening deposit $1,000
CD Rates; Certificate of Deposit
Homepage banner text: CD Rates 12 - 18 Months 4.25 APY (Annual Percentage Yield)
Certificates of Deposit Specials
- Oct 31, 20264.25%▲ from 4.00%
- Oct 20, 20264.00%▲ from 3.50%
- Oct 14, 20263.50%▼ from 4.00%
- Sep 24, 20264.00%▲ from 3.60%
Substantial penalty for early withdrawal. Fees may reduce earnings.
Effective Date: September 21, 2026
Visit a Branch to Open; Min. Average Daily Balance to Earn APY: $500
Balanced growth CD; $500 minimum opening deposit; maximum deposit $10 million; not available for public units or Business CDs
Dividend rate and APY effective Monday, October 19th, 2026
Non-Promotional Rates; Balance: $0.01-$9,999.99
Balance: $1,000 - $100,000 +
APY as of 10/22/2026; Fees could reduce earnings; A penalty may be charged for early withdrawal
Balance: $100K Minimum APY tier; Share, IRA, ESA; Rates as of Oct 30, 2026 ET
Interest Frequency: Monthly; Maturity Date: 01-24-2028; Earliest Settlement Date: 07-22-2026; Amount Available: $1,000,000
Balance: $1K Minimum APY tier; Share, IRA, ESA; Rates as of Oct 30, 2026 ET
Minimum $2500 to open
- Oct 31, 20264.10%▲ from 3.95%
- Oct 14, 20263.95%first recorded
Interest Frequency: Semi-annual; Maturity Date: 01-24-2028; Earliest Settlement Date: 07-22-2026; Amount Available: $1,000,000
Dividends Paid: Monthly
- Oct 30, 20264.10%▲ from 3.40%
- Sep 14, 20263.40%first recorded
IRA Certificates; Rate is Dividend Rate
Dividends compounded and credited monthly; $1,000 minimum balance required; auto-renews at maturity
Interest Frequency: Semi-annual; Maturity Date: 01-24-2028; Earliest Settlement Date: 07-23-2026; Amount Available: $1,000,000
Available when account is opened in a Santander location in CT, DE, MA, NH, NJ, NY, PA, RI, or select areas in FL (Miami-Dade, Monroe, Broward counties, Collier county ZIP Code 34141); In-Branch Only; Minimum deposit of $500 to open and receive this APY; early withdrawal penalty applies
Traditional and IRA
- Sep 24, 20264.00%▲ from 3.25%
- Sep 11, 20263.25%first recorded
- Oct 26, 20264.00%▲ from 3.50%
- Oct 19, 20263.50%first recorded
Dividends Paid: Monthly
- Oct 30, 20264.00%▲ from 3.50%
- Sep 14, 20263.50%first recorded
Milton 24 Month CD Rates
Compound Frequency: Monthly
Compound Frequency: Monthly
IRA Certificate; Minimum deposit of $1,000 required to open and earn the stated APY; Dividends compounded and credited monthly
Same rate for all terms 7 days - 60 months; Standard interest rates for all balances ($0.01+); Minimum opening deposit $2,500 for terms from 7 to 31 days; $1,000 for terms from 32 days to 60 months; Rates are accurate as of 5/12/2026
Minimum balance to obtain APY: More than $0; Minimum balance to open account online: $1,000; Not available to business customers
Online Only; $25,000 minimum deposit to open and earn APY; maximum $1,000,000 per client
- Oct 2, 20264.50%▲ from 3.75%
- Sep 18, 20263.75%first recorded
Relationship CD; Minimum $2500 to open; Relationship is defined as Direct Deposit Checking
Only available to existing Premier customers; Minimum balance to obtain APY: More than $0; Minimum balance to open account online: $1,000; Not available to business customers
Wealth Center or Telephone Only; Minimum balance to obtain APY: More than $0; Minimum balance to open account: $1,000; Not available to business customers
Balance: $1,000 to $24,999
Balance: $1,000 to $24,999
Online only; 30-day penalty if withdrawn before maturity
- Oct 20, 20264.35%▲ from 4.00%
- Sep 24, 20264.00%▲ from 3.00%
- Sep 14, 20263.00%first recorded
Promotional Rates; Balance: $0.01-$9,999.99
Dividend rate and APY effective Monday, October 19th, 2026
APY as of 10/22/2026; Fees could reduce earnings; A penalty may be charged for early withdrawal
Non-Promotional Rates; Balance: $0.01-$9,999.99
Balance: $1,000 - $4,999
- Sep 25, 20264.28%▲ from 3.56%
- Sep 17, 20263.56%first recorded
Guaranteed rate of return on a Certificate of Deposit
Promotional APY on 18 & 24-month CDs; Minimum opening deposit $1,000
up to $10,000; Balance: up to $10,000
Long-term security CD; $500 minimum opening deposit; maximum deposit $10 million; not available for public units or Business CDs
- Oct 10, 20264.25%▲ from 3.70%
- Sep 14, 20263.70%first recorded
Minimum $2500 to open
Interest Frequency: Monthly; Maturity Date: 07-24-2028; Earliest Settlement Date: 07-22-2026; Amount Available: $1,000,000
Interest Frequency: Monthly; Nationally sourced CD offering via CDVantage
Compound Period: Daily; APY is based on $10,000; APY changes bi-annually on January 1st and July 1st
Compound Period: Daily; APY is based on $10,000; APY changes bi-annually on January 1st and July 1st
Effective as of Thursday, October 29th, 2026; Minimum daily balance to earn APY: $40,000; A penalty will or may be imposed for early withdrawal
- Oct 29, 20264.17%▲ from 4.12%
- Oct 23, 20264.12%first recorded
Minimum daily balance to earn APY: $40,000; Early withdrawal penalty may apply
Interest Frequency: Semi-annual; Maturity Date: 07-21-2028; Earliest Settlement Date: 07-22-2026; Amount Available: $1,000,000
Dividends Paid: Monthly
- Oct 30, 20264.15%▲ from 3.44%
- Sep 14, 20263.44%first recorded
Balance: $100,000 or more
Certificates are established with a required minimum deposit. Anytime there is a withdrawal from the certificate that results in the balance being less than the minimum required balance, the certificate should either be closed or put into a certificate where the balance meets the required minimum deposit.
- Oct 19, 20264.13%▲ from 3.87%
- Sep 18, 20263.87%first recorded
Interest Frequency: Semi-annual; Maturity Date: 07-24-2028; Earliest Settlement Date: 07-23-2026; Amount Available: $1,000,000
Penalty for early withdrawal: 6 Months Dividends
- Oct 15, 20264.10%▲ from 3.93%
- Sep 14, 20263.93%first recorded
Balance: $100,000.00 and over
Effective Date: October 1, 2026; All term share accounts are fixed rate accounts
Effective Date: October 1, 2026
Certificates can only be added to at maturity or in the 10-day grace period
Certificates are established with a required minimum deposit. Anytime there is a withdrawal from the certificate that results in the balance being less than the minimum required balance, the certificate should either be closed or put into a certificate where the balance meets the required minimum deposit.
- Oct 19, 20264.07%▲ from 3.82%
- Sep 18, 20263.82%first recorded
Milton 36 Month CD Rates
Compound Frequency: Monthly
Compound Frequency: Monthly
IRA Certificate; Minimum deposit of $1,000 required to open and earn the stated APY; Dividends compounded and credited monthly
Same rate for all terms 7 days - 60 months; Standard interest rates for all balances ($0.01+); Minimum opening deposit $2,500 for terms from 7 to 31 days; $1,000 for terms from 32 days to 60 months; Rates are accurate as of 5/12/2026
Relationship CD; Minimum $2500 to open; Relationship is defined as Direct Deposit Checking
Minimum to Obtain: $500
Online Only; $25,000 minimum deposit to open and earn APY; maximum $1,000,000 per client
- Oct 2, 20264.50%▲ from 3.76%
- Sep 18, 20263.76%first recorded
Balance: $500 - $49,999
- Oct 30, 20264.50%▲ from 3.65%
- Oct 22, 20263.65%first recorded
Effective Date: 10/29/2026
- Oct 30, 20264.50%▲ from 3.65%
- Oct 22, 20263.65%first recorded
Jumbo Certificate rates require a $100,000.00 minimum deposit.
Interest Frequency: Semi-annual; Maturity Date: 07-23-2029; Earliest Settlement Date: 07-22-2026; Amount Available: $1,000,000
Interest Frequency: Semi; Nationally sourced CD offering via CDVantage
Dividends Paid: Monthly
- Oct 30, 20264.25%▲ from 3.55%
- Sep 14, 20263.55%first recorded
Dividends Paid: Monthly; Penalty for early withdrawal
- Oct 30, 20264.25%▲ from 3.55%
- Oct 19, 20263.55%first recorded
Rate Type: Fixed
Rate Type: Fixed
Rate Type: Fixed
Interest Frequency: Monthly; Maturity Date: 07-23-2029; Earliest Settlement Date: 07-22-2026; Amount Available: $1,000,000
Certificate of Deposit Rates; Effective October 2, 2026; Minimum to open jumbo certificate $50,000; Penalty may be imposed for early withdrawal
- Oct 10, 20264.20%▲ from 3.90%
- Sep 14, 20263.90%first recorded
Effective Date: October 1, 2026; All term share accounts are fixed rate accounts
Effective Date: October 1, 2026
Effective as of Thursday, October 29th, 2026; Minimum daily balance to earn APY: $40,000; A penalty will or may be imposed for early withdrawal
Minimum daily balance to earn APY: $40,000; Early withdrawal penalty may apply
Jumbo
Balance: $100,000 minimum; Rates as of Oct 30, 2026 ET
Interest Frequency: Semi-annual; Maturity Date: 07-23-2029; Earliest Settlement Date: 07-22-2026; Amount Available: $1,000,000
Partial withdrawals allowed; APY as of 10/20/2026
Guaranteed rate of return with flexible terms. All rates are Annual Percentage Yields.
- Oct 21, 20264.15%▲ from 3.75%
- Sep 14, 20263.75%first recorded
Set aside money for retirement with our flexible CD options. All rates are Annual Percentage Yields.
- Oct 7, 20264.15%▲ from 3.75%
- Sep 14, 20263.75%first recorded
Set aside money for retirement with our flexible CD options. All rates are Annual Percentage Yields.
Penalty for early withdrawal: 9 Months Dividends
- Oct 15, 20264.15%▲ from 3.98%
- Sep 14, 20263.98%first recorded
Balance: $1.00 - $3,000.00; Rates set monthly; Add funds at any time throughout the certificate term up to $3,000; Limit one per member under 18 years of age; Early withdrawal penalty applies
Certificates are established with a required minimum deposit. Anytime there is a withdrawal from the certificate that results in the balance being less than the minimum required balance, the certificate should either be closed or put into a certificate where the balance meets the required minimum deposit.
- Oct 19, 20264.13%▲ from 3.87%
- Sep 18, 20263.87%first recorded
Balance: $1,000 minimum; Rates as of Oct 30, 2026 ET
Minimum $2500 to open
Interest Frequency: Semi-annual; Maturity Date: 07-23-2029; Earliest Settlement Date: 07-21-2026; Amount Available: $1,000,000
Balance: $100,000.00 and over; Available as Regular or IRA certificate
- Oct 26, 20264.10%▲ from 3.80%
- Sep 14, 20263.80%first recorded
Balance: $100,000.00 and over (per page heading)
Certificate of Deposit Rates; Effective October 2, 2026; Minimum to open regular certificate $1,000; Penalty may be imposed for early withdrawal
- Oct 10, 20264.10%▲ from 3.80%
- Sep 14, 20263.80%first recorded
Balance: $1,000 - $4,999
- Sep 25, 20264.07%▲ from 3.45%
- Sep 17, 20263.45%first recorded
Certificates can only be added to at maturity or in the 10-day grace period
Certificates are established with a required minimum deposit. Anytime there is a withdrawal from the certificate that results in the balance being less than the minimum required balance, the certificate should either be closed or put into a certificate where the balance meets the required minimum deposit.
- Oct 19, 20264.07%▲ from 3.82%
- Sep 18, 20263.82%first recorded
Effective Date: Monday, October 19th, 2026
Interest Frequency: Monthly; Maturity Date: 07-24-2029; Earliest Settlement Date: 07-24-2026; Amount Available: $1,000,000
Milton 48 Month CD Rates
Compound Frequency: Monthly
Compound Frequency: Monthly
Same rate for all terms 7 days - 60 months; Standard interest rates for all balances ($0.01+); Minimum opening deposit $2,500 for terms from 7 to 31 days; $1,000 for terms from 32 days to 60 months; Rates are accurate as of 5/12/2026
Relationship CD; Minimum $2500 to open; Relationship is defined as Direct Deposit Checking
Interest Frequency: Semi-annual; Maturity Date: 07-22-2030; Earliest Settlement Date: 07-22-2026; Amount Available: $1,000,000
Interest Frequency: Semi; Nationally sourced CD offering via CDVantage
Certificate of Deposit Rates; Effective October 2, 2026; Minimum to open jumbo certificate $50,000; Penalty may be imposed for early withdrawal
- Oct 10, 20264.25%▲ from 3.95%
- Sep 14, 20263.95%first recorded
Minimum $2500 to open
Interest Frequency: Monthly; Maturity Date: 07-22-2030; Earliest Settlement Date: 07-22-2026; Amount Available: $1,000,000
Penalty for early withdrawal: 9 Months Dividends
- Oct 15, 20264.20%▲ from 4.03%
- Sep 14, 20264.03%first recorded
Balance: $100,000 or more
- Oct 30, 20264.20%▲ from 3.95%
- Oct 22, 20263.95%first recorded
Effective Date: October 1, 2026; All term share accounts are fixed rate accounts
Effective Date: October 1, 2026
Effective as of Thursday, October 29th, 2026; Minimum daily balance to earn APY: $40,000; A penalty will or may be imposed for early withdrawal
- Oct 29, 20264.17%▲ from 4.12%
- Oct 23, 20264.12%first recorded
Minimum daily balance to earn APY: $40,000; Early withdrawal penalty may apply
Interest Frequency: Semi-annual; Maturity Date: 07-17-2030; Earliest Settlement Date: 07-17-2026; Amount Available: $1,000,000
Partial withdrawals allowed; APY as of 10/20/2026
Guaranteed rate of return with flexible terms. All rates are Annual Percentage Yields.
- Oct 21, 20264.15%▲ from 3.75%
- Sep 14, 20263.75%first recorded
Set aside money for retirement with our flexible CD options. All rates are Annual Percentage Yields.
- Oct 7, 20264.15%▲ from 3.75%
- Sep 14, 20263.75%first recorded
Set aside money for retirement with our flexible CD options. All rates are Annual Percentage Yields.
Dividends Paid: Monthly
- Oct 30, 20264.15%▲ from 3.45%
- Sep 14, 20263.45%first recorded
Dividends Paid: Monthly; Penalty for early withdrawal
- Oct 30, 20264.15%▲ from 3.45%
- Oct 19, 20263.45%first recorded
Certificate of Deposit Rates; Effective October 2, 2026; Minimum to open regular certificate $1,000; Penalty may be imposed for early withdrawal
- Oct 10, 20264.15%▲ from 3.85%
- Sep 14, 20263.85%first recorded
Subject to penalty for early withdrawal
- Oct 30, 20264.15%▲ from 3.90%
- Oct 14, 20263.90%first recorded
Certificates are established with a required minimum deposit. Anytime there is a withdrawal from the certificate that results in the balance being less than the minimum required balance, the certificate should either be closed or put into a certificate where the balance meets the required minimum deposit.
- Oct 19, 20264.13%▲ from 3.92%
- Sep 18, 20263.92%first recorded
Balance: $50,000 - $99,999
- Oct 30, 20264.10%▲ from 3.85%
- Oct 22, 20263.85%first recorded
Certificates can only be added to at maturity or in the 10-day grace period
Certificates are established with a required minimum deposit. Anytime there is a withdrawal from the certificate that results in the balance being less than the minimum required balance, the certificate should either be closed or put into a certificate where the balance meets the required minimum deposit.
- Oct 19, 20264.07%▲ from 3.87%
- Sep 18, 20263.87%first recorded
Jumbo Certificate rates require a $100,000.00 minimum deposit.
Interest Frequency: Semi-annual; Maturity Date: 07-22-2030; Earliest Settlement Date: 07-21-2026; Amount Available: $1,000,000
- Oct 30, 20264.05%▲ from 3.80%
- Oct 19, 20263.80%first recorded
Early withdrawal penalty may apply
- Oct 29, 20264.02%▲ from 3.81%
- Oct 13, 20263.81%first recorded
Minimum daily balance to earn APY: $2,500
Balance: $1,000.00 and over; Available as Regular or IRA certificate
- Oct 26, 20264.00%▲ from 3.75%
- Sep 14, 20263.75%first recorded
Rate Type: Fixed
Balance: $500 - $49,999
- Oct 30, 20264.00%▲ from 3.75%
- Oct 22, 20263.75%first recorded
Effective Date: 10/29/2026
- Oct 30, 20264.00%▲ from 3.75%
- Oct 22, 20263.75%first recorded
VIP Relationship Reward Bonus
Balance: $750,000-$999,999.99; Effective 10/19/2026
Interest Frequency: Monthly; Maturity Date: 07-14-2030; Earliest Settlement Date: 07-16-2026; Amount Available: $250,000
Effective Date: Monday, October 19th, 2026
Opening deposit of $100,000 or more; APY accurate as of 2/10/26
Balance: $500,000-$749,999.99; Effective 10/19/2026
Effective January 24, 2023; Management has discretion to match local rate offerings; Early withdrawal penalties apply
Milton 60 Month CD Rates
Compound Frequency: Monthly
Compound Frequency: Monthly
Same rate for all terms 7 days - 60 months; Standard interest rates for all balances ($0.01+); Minimum opening deposit $2,500 for terms from 7 to 31 days; $1,000 for terms from 32 days to 60 months; Rates are accurate as of 5/12/2026
Platinum Star Member tier
Relationship CD; Minimum $2500 to open; Relationship is defined as Direct Deposit Checking
Jumbo Share & IRA Certificates; Early Withdrawal Penalty: 180 days interest
- Oct 14, 20264.75%▲ from 4.35%
- Sep 14, 20264.35%first recorded
Minimum to Obtain: $500
Online Only; $25,000 minimum deposit to open and earn APY; maximum $1,000,000 per client
- Oct 2, 20264.50%▲ from 3.76%
- Sep 18, 20263.76%first recorded
Minimum $5,000; Share & IRA Certificates; Early Withdrawal Penalty: 180 days interest
- Oct 1, 20264.49%▲ from 4.09%
- Sep 14, 20264.09%first recorded
Special Promotion; Personal: $500 minimum opening deposit; Business: $1000 minimum opening deposit; Maximize your savings over five years; 90 days interest penalty for early withdrawal
Certificates are established with a required minimum deposit. Anytime there is a withdrawal from the certificate that results in the balance being less than the minimum required balance, the certificate should either be closed or put into a certificate where the balance meets the required minimum deposit.
- Oct 19, 20264.33%▲ from 4.28%
- Sep 18, 20264.28%first recorded
Interest Frequency: Semi-annual; Maturity Date: 07-22-2031; Earliest Settlement Date: 07-22-2026; Amount Available: $1,000,000
Interest Frequency: Semi; Nationally sourced CD offering via CDVantage
Balance: $100,000 or more
- Oct 30, 20264.30%▲ from 4.05%
- Oct 22, 20264.05%first recorded
- Oct 13, 20264.28%▲ from 3.89%
- Sep 14, 20263.89%first recorded
Jumbo
Certificates can only be added to at maturity or in the 10-day grace period
Certificates are established with a required minimum deposit. Anytime there is a withdrawal from the certificate that results in the balance being less than the minimum required balance, the certificate should either be closed or put into a certificate where the balance meets the required minimum deposit.
- Oct 19, 20264.28%▲ from 4.23%
- Sep 18, 20264.23%first recorded
Minimum $2500 to open
Interest Frequency: Semi-annual; Maturity Date: 07-22-2031; Earliest Settlement Date: 07-22-2026; Amount Available: $1,000,000
Partial withdrawals allowed; APY as of 10/20/2026
Guaranteed rate of return with flexible terms. All rates are Annual Percentage Yields.
- Oct 21, 20264.25%▲ from 3.75%
- Sep 14, 20263.75%first recorded
Set aside money for retirement with our flexible CD options. All rates are Annual Percentage Yields.
- Oct 7, 20264.25%▲ from 3.75%
- Sep 14, 20263.75%first recorded
Set aside money for retirement with our flexible CD options. All rates are Annual Percentage Yields.
Penalty for early withdrawal: 9 Months Dividends
- Oct 15, 20264.25%▲ from 4.08%
- Sep 14, 20264.08%first recorded
Dividends Paid: Monthly
- Oct 30, 20264.25%▲ from 3.50%
- Sep 14, 20263.50%first recorded
Dividends Paid: Monthly; Penalty for early withdrawal
- Oct 30, 20264.25%▲ from 3.50%
- Oct 19, 20263.50%first recorded
- Oct 13, 20264.25%▲ from 3.86%
- Sep 14, 20263.86%first recorded
Certificate of Deposit Rates; Effective October 2, 2026; Minimum to open jumbo certificate $50,000; Penalty may be imposed for early withdrawal
- Oct 10, 20264.25%▲ from 3.95%
- Sep 14, 20263.95%first recorded
Subject to penalty for early withdrawal
- Oct 30, 20264.25%▲ from 4.00%
- Oct 14, 20264.00%first recorded
Interest Frequency: Monthly; Maturity Date: 07-22-2031; Earliest Settlement Date: 07-22-2026; Amount Available: $250,000
Balance: $50,000 - $99,999
- Oct 30, 20264.20%▲ from 3.95%
- Oct 22, 20263.95%first recorded
Effective Date: October 1, 2026; All term share accounts are fixed rate accounts
Effective Date: October 1, 2026
Regular CD; Secured Loan Rate: 5.10%
Effective as of Thursday, October 29th, 2026; Minimum daily balance to earn APY: $40,000; A penalty will or may be imposed for early withdrawal
- Oct 29, 20264.17%▲ from 4.12%
- Oct 23, 20264.12%first recorded
Minimum daily balance to earn APY: $40,000; Early withdrawal penalty may apply
Interest Frequency: Semi-annual; Maturity Date: 07-17-2031; Earliest Settlement Date: 07-17-2026; Amount Available: $1,000,000
VIP Relationship Reward Bonus
Certificate of Deposit Rates; Effective October 2, 2026; Minimum to open regular certificate $1,000; Penalty may be imposed for early withdrawal
- Oct 10, 20264.15%▲ from 3.85%
- Sep 14, 20263.85%first recorded
- Oct 30, 20264.15%▲ from 3.90%
- Oct 19, 20263.90%first recorded
Balance: $100,000.00 and over
Call for weekly rates; Early withdrawal penalties apply
Balance: $500 - $49,999
- Oct 30, 20264.10%▲ from 3.85%
- Oct 22, 20263.85%first recorded
Banks and Credit Unions: If you identify an incorrect rate or wish to request removal from MonitorBankRates.com, please contact us here.
Milton, FL CD Rate Trends
Compare local Milton, FL CD rate quotes against the statewide average
Daily CD rate averages tracked across our database of 8,500+ banks and credit unions, updated every evening.
Florida 12-month CD rates rose 0.024 points over the past 7 days to 3.221% APY.
Florida 6-month CD rates fell 0.007 points over the past 7 days to 3.009% APY.
FL CD Rate Forecast, Next 12 Months
Where are Florida CD rates headed through October 2027?
Projections based on Fed funds rate futures and historical CD-to-fed-funds spread model. Not financial advice.
What Your Savings Earn at FL CD Rates Today
Annual interest earnings at today’s Florida average APYs. State average used where available; national average as fallback.
| CD Term | FL Avg APY | $5,000 | $10,000 | $25,000 | $50,000 |
|---|---|---|---|---|---|
| 3-Month CD | 2.030% | $101.51 | $203.01 | $507.53 | $1,015.05 |
| 6-Month CD | 3.009% | $150.44 | $300.88 | $752.20 | $1,504.40 |
| 12-Month CD | 3.221% | $161.02 | $322.05 | $805.12 | $1,610.25 |
| 18-Month CD | 3.218% | $160.92 | $321.83 | $804.58 | $1,609.15 |
| 24-Month CD | 3.151% | $157.55 | $315.09 | $787.73 | $1,575.45 |
| 36-Month CD | 2.987% | $149.33 | $298.67 | $746.68 | $1,493.35 |
| 48-Month CD | 2.931% | $146.55 | $293.09 | $732.72 | $1,465.45 |
| 60-Month CD | 3.135% | $156.73 | $313.45 | $783.63 | $1,567.25 |
| Earnings shown are annualized (APY basis). Actual earnings for sub-12-month terms will be proportionally lower at maturity. Rates as of October 31, 2026. | |||||
Sample CD Ladder for Milton, Florida Savers
$25,000 split equally across 5 terms using today’s Florida average rates. As each CD matures, reinvest at the 36-month rung.
| Rung | Term | Deposit | FL Avg APY | Annual Earnings |
|---|---|---|---|---|
| 1 | 3-Month CD | $5,000 | 2.030% | $101.51 |
| 2 | 6-Month CD | $5,000 | 3.009% | $150.44 |
| 3 | 12-Month CD | $5,000 | 3.221% | $161.02 |
| 4 | 24-Month CD | $5,000 | 3.151% | $157.55 |
| 5 | 36-Month CD | $5,000 | 2.987% | $149.33 |
| Total ($25,000 invested) | $25,000 | 2.879% blended | $719.85/yr | |
Ladder example uses equal $5,000 rungs and Florida average APYs. Actual earnings depend on the specific institution and product chosen. Use the calculator above to model your exact deposit amounts.
Tracked in Milton, Florida
About Our Milton, Florida CD Rate Database
MonitorBankRates tracks 2,077 CD rates from 46 banks and 73 credit unions with locations in Milton, Florida, plus national online institutions available to Florida residents. Our proprietary aggregation system pulls verified rate data directly from each institution’s official website, no estimates, no national averages passed off as real offers.
Every rate listed includes the institution’s Safety Grade (A+ to F), Star Rating (1 to 5), and Texas Ratio, objective financial health metrics calculated from FDIC and NCUA regulatory data, so you can compare yield and institutional safety in one place.
Current top rate: United Bank (AL) offers a CD at 4.35% APY with a minimum deposit of $1,000. Use the rate table above to compare all current offers in Milton, Florida.
How to Find the Best CD Rates in Milton, Florida
What to compare when shopping for a CD in Milton, Florida
To find the best APYs in Milton, Florida, start with credit unions and online-only banks: Milton, Florida has 73 credit unions in our database, and they consistently offer some of the highest yields because they have lower overhead than traditional banks and compete aggressively for deposits.
Always compare the APY (Annual Percentage Yield), not just the interest rate. The APY reflects compounding and is the true measure of what you’ll earn.
Also compare the early withdrawal penalty. Common penalties range from 30 to 180 days of interest depending on the term. If you’re unsure whether you’ll need the funds early, a no-penalty CD or a high-yield savings account may be a better fit.
When a CD Makes Sense in Milton, Florida
- You have a planned expense coming up and want your savings to earn while you wait
- You expect rates to fall and want to lock in today’s rate
- You want FDIC or NCUA protection with a guaranteed fixed return
- You prefer banking with an institution that has a local branch in Milton, Florida: 119 institutions here report CD rates
Consider an Alternative If…
- You may need the funds within 30 days. Compare Milton, Florida savings rates instead
- Rates are rising and you want to benefit: a variable-rate savings or money market account keeps pace
- You want check-writing access. Compare Milton, Florida money market rates
Milton, Florida Financial Snapshot
Local demographics and economic context for CD savers. Source: U.S. Census Bureau ACS 2024
16.8% of residents are 65 or older, below the national average of 17.3%. At today’s FL 12-month CD average of 3.221%, saving 10% of the local median salary ($3,561/year) and putting it in a CD would earn an additional $115 annually in interest.
Data: U.S. Census Bureau, American Community Survey 5-Year Estimates 2024. Median earnings from ACS 2023 place-level estimates.
CD Rates vs. Other Savings Options in Milton, Florida
What to compare when choosing between a CD and other deposit accounts
| Feature | CD | High-Yield Savings | Money Market | 6-Month CD |
|---|---|---|---|---|
| Rate Type | Fixed APY | Variable APY | Variable APY | Fixed APY |
| Liquidity | Locked for term | Anytime | Anytime | Locked 6 months |
| Early Withdrawal | Penalty (months of interest) | None | None | Penalty (90 to 180 days interest) |
| FDIC / NCUA Insured | Yes (up to $250K) | Yes (up to $250K) | Yes (up to $250K) | Yes (up to $250K) |
| Check / Debit Access | No | Usually no | Often yes | No |
| Best For | Known savings goal, CD ladder | Emergency fund, flexible savings | Liquid savings with check-writing | Slightly higher yield, less urgency |
CD Product Information
How CDs Work
A certificate of deposit (CD) is a deposit account that holds a fixed sum of money for a fixed term, commonly three months to five years, in exchange for a guaranteed interest rate. In return for leaving the money untouched until the term ends, a saver in Milton, Florida typically earns a higher rate than a standard savings account pays. CDs from banks are insured by the FDIC and those from credit unions by the NCUA, in Milton, Florida as everywhere in the U.S.
CD Terms
The term is the length of time the money is committed before the CD matures. Shorter terms such as three or six months give Milton, Florida savers easier access to their funds. For example, United Bank (AL) is offering its CD Specials - 6 Month at 4.00% APY. Longer terms such as three or five years usually pay higher rates. On the longer end, Gulf Winds Credit Union is offering its 60 Month IRA at 3.70% APY. When a CD matures, the depositor can withdraw the principal and interest or roll the balance into a new term, so it helps to match the term to when the money will actually be needed.
CD Risk and Safety
CDs are among the lowest-risk savings products available because the rate is fixed for the full term and the balance is federally insured up to $250,000 per depositor, per institution, per ownership category. For a Milton, Florida saver, the main trade-off is liquidity: withdrawing funds before maturity usually triggers an early-withdrawal penalty, often 30 to 180 days of interest depending on the term.
How CD Interest Is Paid
Interest on a CD is calculated using the annual percentage yield (APY), which reflects the effect of compounding over a year. Depending on the institution, interest may be credited monthly, quarterly, or at maturity, and can be paid out to a linked account or added back to the CD to compound. When comparing the Milton, Florida CDs listed above, a saver gets the truest picture of total earnings by looking at APY rather than the nominal rate.
Fixed vs. Variable CD Rates
Most CDs carry a fixed rate that is locked for the entire term, protecting a Milton, Florida depositor if market rates fall after the account is opened. Some institutions offer variable-rate or bump-up CDs whose rate can change during the term; these may start lower but allow the rate to rise if conditions improve. Which is better depends on the direction a saver expects rates to move.
Frequently Asked Questions about CD Rates in Milton, Florida
What are CD rates in Milton, Florida today?
Are CD rates in Milton, Florida FDIC insured?
Do I have to pay state taxes on CD interest in Milton, Florida?
Can I withdraw my money early from a CD?
What is the difference between a Jumbo CD and a regular CD?
Are fixed-rate CDs better than variable-rate CDs?
What is a CD ladder?
Best CD rates in Milton, Florida?
- United Bank (AL): 4.35% APY (CD Specials - 18 Month)
- Gulf Winds Credit Union: 3.70% APY (60 Month IRA)
- Truist: 3.25% APY (CD 12 Month)
- SouthState Bank: 3.15% APY (6 Month Certificate of Deposit)
- Santa Rosa County Federal Credit Union: 3.00% APY (IRA Certificate - 36 Month Term)
- Pen Air Credit Union: 2.85% APY (Certificate Account - 60 Month)
- Platinum Federal Credit Union: 5.00% APY (12 Month Family Legacy Certificate Account)
- Brightstar Credit Union: 5.00% APY (5-Year Certificate)
- Popular Direct: 5.00% APY (Certificate of Deposit - 60 Months)
- Third Federal Savings and Loan: 4.75% APY (6 Month Bonus CD)
Milton, Florida CD Calculator
See exactly what a CD will earn by maturity. Enter your deposit, pick a term, and set the APY, or click any current Milton, Florida rate on the right to apply that term and rate instantly. CD rates are fixed for the full term.
Assumes the APY is held to maturity with interest compounding and remaining in the CD. Early withdrawals typically forfeit 30 to 180 days of interest. Estimates are for informational purposes only.
CD Calculators for Milton, Florida
At today’s FL top rate of 4.35% APY, a $10,000 deposit earns $435 in the first year. Enter your amount to see your exact return.
Milton, Florida CD LadderFL CD rates currently range from 2.030% (3-month) to 2.987% (36-month). Model a ladder with local rates to keep cash accessible while maximizing yield.
Early Withdrawal PenaltyBefore locking into a Milton, Florida CD at 4.35% APY, know your exit cost. Most institutions charge 90 to 180 days of interest. Calculate your real net return if you need early access.
CD vs. High-Yield SavingsFlorida’s average 12-month CD is 3.221% APY. Compare locking in that rate against a flexible high-yield savings account to see which earns more for your deposit and timeline.
Methodology & Data Sources
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our Milton, Florida CD rate tables are free for consumers to use, and we do not receive payment from any financial institution to be included or to be ranked in any particular order. Listings are based solely on the rates each institution publicly advertises on its own website.
A Note on Third-Party Rate Tools: Some pages on our site also feature rate comparison widgets and tools provided by third-party partners. These tools may include sponsored listings or affiliate links, and we may receive compensation when users click through them. We clearly label these widgets so you can tell at a glance which rates come from our independent MonitorBankRates.com tables and which come from our advertising partners.
Direct-Sourced & Verified CD Rate Data: We aggregate certificate of deposit (CD) rates for Milton, Florida directly from the official websites of banks and credit unions using our proprietary rate aggregation technology and a dedicated team of rate updaters. By sourcing data from the institutions' own digital properties and manually verifying yields daily, every rate on MonitorBankRates.com is highly accurate and trustworthy.
Local, Regional, and National Coverage: Our systems constantly monitor the market to provide a complete picture of available yields in Milton, Florida. We feature a comprehensive mix of institutions, from neighborhood credit unions and competitive regional banks to high-yield CDs from large national institutions available to savers in FL.
Daily Updates & Time-Stamped Accuracy: Our rate updaters verify and update CD rates daily. Because yields can fluctuate rapidly, every CD product listed features its own specific “last updated” date for full transparency.
Milton, Florida Rates & Resources
