Palm Bay, Florida CD Rates Today - Compare Best APYs for July 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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Current Palm Bay, Florida CD rates include Launch Credit UnionLaunch Credit Union5225 Babcock St NE, Palm Bay, FL 32905A+5.0 ★Texas Ratio: 2.62%Real return: +0.35%APY minus CPI (February 2026) offering 36 Month BUMP Share Certificate at 3.15% APY, Wells FargoWells Fargo2200 Harris Ave Ne, Palm Bay, FL 32905A5.0 ★Texas Ratio: 7.44%Real return: -1.29%APY minus CPI (February 2026) offering 1 year Standard Interest Rate at 1.51% APY, TD BankTD Bank4625 Babcock St Ne, Palm Bay, FL 32905A5.0 ★Texas Ratio: 6.30%Real return: -1.80%APY minus CPI (February 2026) offering 6 Month at 1.00% APY, Raymond James BankRaymond James BankA+5.0 ★Texas Ratio: 3.67%Real return: +1.70%APY minus CPI (February 2026) offering 60 Months at 4.50% APY, and Tru Fi-Credit UnionTru Fi-Credit UnionA+5.0 ★Texas Ratio: 0.35%Real return: +1.53%APY minus CPI (February 2026) offering Teen 12 month CD Special at 4.33% APY. CD rates as of July 11, 2026 according to verified data from MonitorBankRates.
Palm Bay has 15 local institutions in our database, with CD rates as high as 3.15% APY from Launch Credit Union at 5225 Babcock St NE, Palm Bay, FL 32905. 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 — 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: July 11, 2026
Compare Best CD Rates in Palm Bay, Florida & the Surrounding Area
Palm Bay 3 Month CD Rates
Early withdrawal penalties may apply. Additional terms are available at a branch.
Relationship APY 0.06%. Early withdrawal penalties may apply. Additional terms are available at a branch.
Available for current 3-Month CD clients only. Online-only high-yield rates.
Earn 3.55% APY on balances of $500 or more.
Guaranteed rate for 3 months
Penalty for early withdrawal: 3 Months Dividends
APY = Annual Percentage Yield. APY is effective as of 7/1/2026 and subject to change at any time without notice. Early withdrawal penalties may apply. Fees may reduce earnings. The minimum balance to open and earn APY is the lowest amount in each tier.
APY = Annual Percentage Yield. APY is effective as of 7/1/2026 and subject to change at any time without notice. Early withdrawal penalties may apply. Fees may reduce earnings. The minimum balance to open and earn APY is the lowest amount in each tier.
Funding Limit: $12M
APY = Annual Percentage Yield. APY is effective as of 7/1/2026 and subject to change at any time without notice. Early withdrawal penalties may apply. Fees may reduce earnings. The minimum balance to open and earn APY is the lowest amount in each tier.
Minimum opening deposit (purchased through Raymond James brokerage account): $2,000. Minimum opening deposit (not purchased through Raymond James brokerage account): $1,000.
APY = Annual Percentage Yield. APY is effective as of 7/1/2026 and subject to change at any time without notice. Early withdrawal penalties may apply. Fees may reduce earnings. The minimum balance to open and earn APY is the lowest amount in each tier.
Regular
Regular
Last updated 07/11/2026
Fixed
Palm Bay 6 Month CD Rates
Early withdrawal penalties may apply. Additional terms are available at a branch.
Relationship APY 0.06%. Early withdrawal penalties may apply. Additional terms are available at a branch.
Minimum opening deposit (purchased through Raymond James brokerage account): $2,000. Minimum opening deposit (not purchased through Raymond James brokerage account): $1,000.
Online-only high-yield rates.
Rate Fixed/Variable: Fixed; Dividends Compounded Paid: Monthly
Penalty for early withdrawal: 3 Months Dividends
Fixed
up to
Exclusively for Premier clients. Minimum deposit of $1,000 is required.
Online CDs Only available to existing Premier customers.
Fixed interest rate. Minimum deposit of $1,000 is required. Easy account opening and convenient management via online banking. You get peace of mind because your savings are covered by our $0 Liability Online, Guarantee. Annual Percentage Yields (APYs) are accurate as of 7/11/2026 and apply for the initial term only. A penalty may be imposed for early withdrawal. Account is not available to business customers. You may perform a one-time deposit or withdrawal of funds during your grace period without being assessed an early withdrawal penalty. The grace period will end on the day you provide an instruction to change the term or perform a transaction.
Dividend Rate $50,000 - $99,999.99: 3.64%, Annual Percentage Yield $50,000 - $99,999.99: 3.70%, Dividend Rate $100,000 and over: 3.69%, Annual Percentage Yield $100,000 and over: 3.75%
Rate: 3.59%, APY: 3.65% for $1,000 - $49,999.99; Rate: 3.64%, APY: 3.70% for $50,000 - $99,999.99; Rate: 3.69%, APY: 3.75% for $100,000 and over
Last updated 07/11/2026
Online Only.
Call for Details
Call for Details
If the certificate is redeemed prior to maturity date, the penalty shall be equal to all the interest earned on the amount withdrawn prior to the maturity date, or an amount equal to 90 days interest at the certificate rate. The penalty is calculated as a forfeiture of part or all of the interest that has been earned on the account. Fees could reduce the earnings on the account. Advertised rates are subject to change without notice. Federally insured by NCUA.
Palm Bay 12 Month CD Rates
Early withdrawal penalties may apply. Additional terms are available at a branch.
Relationship APY 1.51%. Early withdrawal penalties may apply. Additional terms are available at a branch.
Relationship APY 1.51%
Relationship APY: 1.00%
up to $2,500
Minimum opening deposit (purchased through Raymond James brokerage account): $2,000. Minimum opening deposit (not purchased through Raymond James brokerage account): $1,000.
Online-only high-yield rates.
Online Only.
Limited time offer, subject to change or termination at any time.
Payoff Bills, Take a Vacation or Improve your Home
up to
Penalty for early withdrawal: 3 Months Dividends
Fixed
Rate Fixed/Variable: Fixed; Dividends Compounded Paid: Monthly
Exclusively for Premier clients. Minimum deposit of $1,000 is required.
Rates are effective as of 9/12/2025. Rates are fixed for the term of the Certificate. Unless otherwise disclosed, certificates will automatically be renewed at the rate in effect upon maturity. We will impose a penalty if you withdraw any of the principal balance in your account before the maturity date. The amount of the early withdrawal penalty is based on the term of the account. The amount of these penalties are as follows: Terms of 6 months or less lose 90 days' worth of dividends; and terms greater than 6 months lose 180 days' worth of dividends. The penalty is calculated as a forfeiture of part of the dividend that has been or would be earned on the amount withdrawn. If the account has not yet earned enough dividends or the dividend has already been paid, the penalty will be deducted from the principal. The Annual Percentage Yield disclosed is based on an assumption that dividends will remain in the account until maturity; a withdrawal will reduce earnings. Fees and penalties can reduce earnings on the account. Rates subject to change without notice.
Minimum and maximum deposit of $500. Rates subject to change without notice. Penalties apply for early withdrawals. Fees and penalties could reduce earnings.
Fixed interest rate. Minimum deposit of $1,000 is required. Easy account opening and convenient management via online banking. You get peace of mind because your savings are covered by our $0 Liability Online, Guarantee. Annual Percentage Yields (APYs) are accurate as of 7/11/2026 and apply for the initial term only. A penalty may be imposed for early withdrawal. Account is not available to business customers. You may perform a one-time deposit or withdrawal of funds during your grace period without being assessed an early withdrawal penalty. The grace period will end on the day you provide an instruction to change the term or perform a transaction.
Rate: 3.74%, APY: 3.80% for $1,000 - $49,999.99; Rate: 3.74%, APY: 3.80% for $50,000 - $99,999.99; Rate: 3.74%, APY: 3.80% for $100,000 and over
Dividend Rate $50,000 - $99,999.99: 3.74%, Annual Percentage Yield $50,000 - $99,999.99: 3.80%, Dividend Rate $100,000 and over: 3.74%, Annual Percentage Yield $100,000 and over: 3.80%
Online CDs Only available to existing Premier customers.
Palm Bay 18 Month CD Rates
Minimum opening deposit (purchased through Raymond James brokerage account): $2,000. Minimum opening deposit (not purchased through Raymond James brokerage account): $1,000.
Featured rate. Online Only.
Variable rate certificate. The rate is adjusted on the first of each month and is calculated by using the 24-month Treasury Bill rate in effect on the 10th day of the previous month plus 0.25% (25 basis points). At maturity, the certificate automatically renews.
This is a variable rate certificate. The rate is adjusted on the first of each month and is calculated by using the 24-month Treasury Bill rate in effect on the 10th day of the previous month plus 0.25% (25 basis points). At maturity, the certificate automatically renews.
Payoff Bills, Take a Vacation or Improve your Home
Minimum balance to earn APY: $100,000, $40,000, $100
Dividend Rate $50,000 - $99,999.99: 3.88%, Annual Percentage Yield $50,000 - $99,999.99: 3.95%, Dividend Rate $100,000 and over: 3.93%, Annual Percentage Yield $100,000 and over: 4.00%
see details
Dividends Paid Monthly
Dividends Paid Monthly
Compound Frequency: Monthly
1
A penalty may be imposed for early withdrawal.
APY is effective as of 7/1/2026 and subject to change at any time without notice. Early withdrawal penalties may apply. Fees may reduce earnings. The minimum balance to open and earn APY is the lowest amount in each tier.
IRA Certificate
Palm Bay 24 Month CD Rates
Minimum opening deposit (purchased through Raymond James brokerage account): $2,000. Minimum opening deposit (not purchased through Raymond James brokerage account): $1,000.
up to $10,000
Rate: 3.83%, APY: 3.90% for $1,000 - $49,999.99; Rate: 3.88%, APY: 3.95% for $50,000 - $99,999.99; Rate: 3.93%, APY: 4.00% for $100,000 and over
Exclusively for Premier clients. Minimum deposit of $1,000 is required.
Online CDs Only available to existing Premier customers.
Fixed interest rate. Minimum deposit of $1,000 is required. Easy account opening and convenient management via online banking. You get peace of mind because your savings are covered by our $0 Liability Online, Guarantee. Annual Percentage Yields (APYs) are accurate as of 7/11/2026 and apply for the initial term only. A penalty may be imposed for early withdrawal. Account is not available to business customers. You may perform a one-time deposit or withdrawal of funds during your grace period without being assessed an early withdrawal penalty. The grace period will end on the day you provide an instruction to change the term or perform a transaction.
Penalty for early withdrawal: 6 Months Dividends
Online-only high-yield rates.
Call for details
Call for weekly rates and information; $50,000.00 minimum balance required; Early withdrawal penalties apply
Call for weekly rates and information; $1,000.00 minimum balance required; Early withdrawal penalties apply
Dividends Paid Monthly
Palm Bay 36 Month CD Rates
Minimum opening deposit (purchased through Raymond James brokerage account): $2,000. Minimum opening deposit (not purchased through Raymond James brokerage account): $1,000.
Minimum balance to earn APY: $100,000, $40,000, $100
Dividend Rate $50,000 - $99,999.99: 3.88%, Annual Percentage Yield $50,000 - $99,999.99: 3.95%, Dividend Rate $100,000 and over: 3.93%, Annual Percentage Yield $100,000 and over: 4.00%
Rate: 3.83%, APY: 3.90% for $1,000 - $49,999.99; Rate: 3.88%, APY: 3.95% for $50,000 - $99,999.99; Rate: 3.93%, APY: 4.00% for $100,000 and over
Penalty for early withdrawal: 9 Months Dividends
Online-only high-yield rates.
A penalty may be imposed for early withdrawal.
Compound Frequency: Monthly
Dividends Paid Monthly
Call for weekly rates and information; $10,000.00 minimum balance required; Early withdrawal penalties apply; APY=Annual Percentage Yield. Rates are indications only, and are subject to change with market conditions. Please contact a Member Service Representative for current rates. The stated rate and effective annual rate are the same.
Minimum balance to earn APY: $100,000, $40,000, $100
Call for weekly rates and information; $10,000.00 minimum balance required; Early withdrawal penalties apply; APY=Annual Percentage Yield. Rates are indications only, and are subject to change with market conditions. Please contact a Member Service Representative for current rates. The stated rate and effective annual rate are the same.
see details
Palm Bay 48 Month CD Rates
Minimum opening deposit (purchased through Raymond James brokerage account): $2,000. Minimum opening deposit (not purchased through Raymond James brokerage account): $1,000.
Penalty for early withdrawal: 9 Months Dividends
Call for weekly rates and information; $10,000.00 minimum balance required; Early withdrawal penalties apply; APY=Annual Percentage Yield. Rates are indications only, and are subject to change with market conditions. Please contact a Member Service Representative for current rates. The stated rate and effective annual rate are the same.
Call for weekly rates and information; $10,000.00 minimum balance required; Early withdrawal penalties apply; APY=Annual Percentage Yield. Rates are indications only, and are subject to change with market conditions. Please contact a Member Service Representative for current rates. The stated rate and effective annual rate are the same.
A penalty may be imposed for early withdrawal.
Compound Frequency: Monthly
Minimum balance to earn APY: $100,000, $40,000, $100
Dividends Paid Monthly
see details
Last updated 07/11/2026
IRA Certificate
Jumbo
FL
Palm Bay 60 Month CD Rates
Minimum opening deposit (purchased through Raymond James brokerage account): $2,000. Minimum opening deposit (not purchased through Raymond James brokerage account): $1,000.
Call for weekly rates and information; $10,000.00 minimum balance required; Early withdrawal penalties apply; APY=Annual Percentage Yield. Rates are indications only, and are subject to change with market conditions. Please contact a Member Service Representative for current rates. The stated rate and effective annual rate are the same.
Call for weekly rates and information; $10,000.00 minimum balance required; Early withdrawal penalties apply; APY=Annual Percentage Yield. Rates are indications only, and are subject to change with market conditions. Please contact a Member Service Representative for current rates. The stated rate and effective annual rate are the same.
Dividend Rate $50,000 - $99,999.99: 3.88%, Annual Percentage Yield $50,000 - $99,999.99: 3.95%, Dividend Rate $100,000 and over: 3.93%, Annual Percentage Yield $100,000 and over: 4.00%
Rate: 3.83%, APY: 3.90% for $1,000 - $49,999.99; Rate: 3.88%, APY: 3.95% for $50,000 - $99,999.99; Rate: 3.93%, APY: 4.00% for $100,000 and over
Call for weekly rates and information; $50,000.00 minimum balance required; Early withdrawal penalties apply
Penalty for early withdrawal: 9 Months Dividends
Online-only high-yield rates.
Early withdrawal penalties apply
Call for weekly rates and information; $1,000.00 minimum balance required; Early withdrawal penalties apply
Compound Frequency: Monthly
A penalty may be imposed for early withdrawal.
Early Withdrawal Penalty: 180 days interest
Dividends Paid Monthly
Minimum balance to earn APY: $100,000, $40,000, $100
IRA Certificate
Last updated 07/11/2026
If the certificate is redeemed prior to maturity date, the penalty shall be equal to all the interest earned on the amount withdrawn prior to the maturity date, or an amount equal to 90 days interest at the certificate rate. The penalty is calculated as a forfeiture of part or all of the interest that has been earned on the account. Fees could reduce the earnings on the account. Advertised rates are subject to change without notice. Federally insured by NCUA.
Banks and Credit Unions: If you identify an incorrect rate or wish to request removal from MonitorBankRates.com, please contact us here.
Palm Bay, FL CD Rate Trends
Compare local Palm Bay, 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 fell 0.212 points over the past 7 days to 2.113% APY.
Florida 6-month CD rates fell 0.605 points over the past 7 days to 1.049% APY.
FL CD Rate Forecast — Next 12 Months
Where are Florida CD rates headed through July 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 | 0.805% | $40.27 | $80.53 | $201.33 | $402.65 |
| 6-Month CD | 1.049% | $52.45 | $104.90 | $262.25 | $524.50 |
| 12-Month CD | 2.113% | $105.67 | $211.34 | $528.35 | $1,056.70 |
| 18-Month CD | 2.440% | $122.02 | $244.03 | $610.08 | $1,220.15 |
| 24-Month CD | 2.739% | $136.93 | $273.85 | $684.63 | $1,369.25 |
| 36-Month CD | 2.678% | $133.92 | $267.83 | $669.58 | $1,339.15 |
| 48-Month CD | 2.838% | $141.91 | $283.81 | $709.53 | $1,419.05 |
| 60-Month CD | 2.480% | $123.98 | $247.95 | $619.88 | $1,239.75 |
| Earnings shown are annualized (APY basis). Actual earnings for sub-12-month terms will be proportionally lower at maturity. Rates as of July 11, 2026. | |||||
Sample CD Ladder for Palm Bay, 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 | 0.805% | $40.27 |
| 2 | 6-Month CD | $5,000 | 1.049% | $52.45 |
| 3 | 12-Month CD | $5,000 | 2.113% | $105.67 |
| 4 | 24-Month CD | $5,000 | 2.739% | $136.93 |
| 5 | 36-Month CD | $5,000 | 2.678% | $133.92 |
| Total ($25,000 invested) | $25,000 | 1.877% blended | $469.24/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 Palm Bay, Florida
About Our Palm Bay, Florida CD Rate Database
MonitorBankRates tracks 717 CD rates from 29 banks and 59 credit unions with locations in Palm Bay, 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 (1–5), 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: Launch Credit Union offers a CD at 3.15% APY with a minimum deposit of $0. Use the rate table above to compare all current offers in Palm Bay, Florida.
How to Find the Best CD Rates in Palm Bay, Florida
What to compare when shopping for a CD in Palm Bay, Florida
To find the best APYs in Palm Bay, Florida, start with credit unions and online-only banks — Palm Bay, Florida has 59 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 Palm Bay, 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 Palm Bay, Florida — 88 institutions here report CD rates
Consider an Alternative If…
- You may need funds within 30 days → Palm Bay, Florida savings rates
- Rates are rising and you want to benefit → Variable-rate savings or MMA
- You want check-writing access → Palm Bay, Florida money market rates
Palm Bay, Florida Financial Snapshot
Local demographics and economic context for CD savers — Source: U.S. Census Bureau ACS 2024
19.0% of residents are 65 or older, in line with the national average of 17.3%. At today’s FL 12-month CD average of 2.113%, saving 10% of the local median salary ($3,576/year) and putting it in a CD would earn an additional $76 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 Palm Bay, 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 (90–180 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 |
How Certificates of Deposit Work in Palm Bay, Florida
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 Palm Bay, 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 Palm Bay, Florida as everywhere in the U.S.
Choosing a CD Term in Palm Bay, Florida
The term is the length of time the money is committed before the CD matures. Shorter terms such as three or six months give Palm Bay, Florida savers easier access to their funds. For example, TD Bank is offering its 6 Month at 1.00% APY. Longer terms such as three or five years usually pay higher rates. On the longer end, TD Bank is offering its 5 Year at 1.00% 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 for Palm Bay, Florida Savers
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 Palm Bay, 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 in Palm Bay, Florida
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 Palm Bay, 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 in Palm Bay, Florida
Most CDs carry a fixed rate that is locked for the entire term, protecting a Palm Bay, 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 Palm Bay, Florida
Are CD rates in Palm Bay, Florida FDIC insured?
Do I have to pay state taxes on CD interest in Palm Bay, 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 Palm Bay, Florida?
- Launch Credit Union: 3.15% APY (36 Month BUMP Share Certificate)
- Wells Fargo: 1.51% APY (1 year Standard Interest Rate)
- TD Bank: 1.00% APY (6 Month)
- Raymond James Bank: 4.50% APY (60 Months)
- Tru Fi-Credit Union: 4.33% APY (Teen 12 month CD Special)
- United Fidelity Bank: 4.25% APY (18-Month CD)
- U S POSTAL SERVICE: 4.25% APY (1 Year Starter Add-On)
- Radiant Credit Union: 4.20% APY (24 Months)
- 1st Street Credit Union: 4.16% APY (24 MONTH CERTIFICATE)
- MIAMI FIREFIGHTERS: 4.15% APY (18 Month IRA Share Certificate)
CD Calculators for Palm Bay, Florida
At today’s FL top rate of 3.15% APY, a $10,000 deposit earns $315 in the first year. Enter your amount to see your exact return.
Palm Bay, Florida CD LadderFL CD rates currently range from 0.805% (3-month) to 2.678% (36-month). Model a ladder with local rates to keep cash accessible while maximizing yield.
Early Withdrawal PenaltyBefore locking into a Palm Bay, Florida CD at 3.15% APY, know your exit cost. Most institutions charge 90–180 days of interest — calculate your real net return if you need early access.
CD vs. High-Yield SavingsFlorida’s average 12-month CD is 2.113% 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 Palm Bay, 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 Palm Bay, 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 Palm Bay, 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.
