Bank United Cd Rates
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.
- BankUnitedDirect CD Rates. CDs are a certificate issued by a bank to a person depositing money for a specified length of time. Usually the longer of a term, the higher APY rate you make. With as little as $1,000, you can invest in a BankUnitedDirect CD account to maximize your earnings.
- Advertised rate is fixed for the initial term of the Certificate of Deposit (CD) only. APY assumes interest earned remains on deposit until maturity. CD minimum opening deposit of $1,000 required. Early withdrawal penalty may apply if you withdraw any principal from the CD before the maturity date. Account fees could reduce earnings.
BankUnitedDirect CD Rates. BankUnitedDirect is the online banking division of BankUnited, N.A., a national bank and wholly owned subsidiary of BankUnited, Inc. They are one of the largest independent depository institutions headquartered in Florida with $33 billion in total assets. Certificate of Deposit Minimum Opening Deposit; Minimum Opening Deposit: $50: $10: $100: $1,000: Earns Interest; Earns Interest: Variable Rate Variable Rate Tiered Variable Rate Fixed Rate Monthly Maintenance Fee; Monthly Maintenance Fee: $5: $0: $15: No.
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.
Bankunited Cd Rates
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 Cd Rates Today Jumbo
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.