BankUnited Offering Competitive CD Rates - 3.25% APY 4-Year CD and 3.50% APY 5-Year

BankUnited of Florida is offering a competitive 3.25% APY 4-year CD and a 3.50% APY 5-year CD. These are some of the best cd rates for these terms according to the BestCashCow rate tables.

The minimum balance to obtain this rate is $5,000. The CDs are available nationally and can be opened online. Once an application is completed, BankUnited will send a signature card. This must be notarized and sent back along with a check for an amount over $5,000.

To withdraw funds once the CD has matured, a notarized letter must be sent to the bank requesting the funds. The will then be mailed back.

BankUnited is a large Florida-based bank tha was taken over by the FDIC in May 2009 and sold to a consortium of private equity investors led by WL Ross (see this overview of BankUnited).The new owners have recapitalized the bank by injecting over $600 million of their own money together with an estimated $4.9 billion in FDIC funds. All money deposited into BankUnited is insured up to FDIC limits.

Today's Highest Online CD Rates

Bank	Product Term	Interest Rate (APY)
Finworth, a division of InsBank	1-Year	4.55% APY with $50,000 minimum
TotalDirect, a division of City National Bank of Florida	1-Year	4.50% APY with $25,000 minimum
First Internet Bank of Indiana	1-Year	4.42% APY with $1,000 minimum
Merrick Bank	3-Year	4.15% APY with $25,000 minimum
Colorado Federal Savings Bank	3-Year	3.95% APY with $5,000 minimum
M.Y. Safra Bank	3-Year	3.90% APY with $500 minimum
Merrick Bank	5-Year	4.05% APY with $25,000 minimum
Synchrony Bank	5-Year	4.00% APY with no minimum
M.Y. Safra Bank	5-Year	3.90% APY with $500 minimum

Bank

Product Term

Interest Rate (APY)

Finworth, a division of InsBank

1-Year

4.55% APY with $50,000 minimum

TotalDirect, a division of City National Bank of Florida

1-Year

4.50% APY with $25,000 minimum

First Internet Bank of Indiana

1-Year

4.42% APY with $1,000 minimum