Florida Deposit Interest Rates


Effective Date: 07/17/2024

Certificates of Deposit / Individual Retirement Account CDs

CD products are listed by term length and indicate minimum opening deposit amount, interest rate, and annual percent yield.
PRODUCT MINIMUM OPENING DEPOSIT CDs/ IRA CDs INTEREST RATE APY
Portfolio CD Package - 1 year* $2,500.00 0.05% 0.05%
Portfolio CD Package - 2 year* $2,500.00 0.05% 0.05%
Portfolio CD Package - 3 year* $2,500.00 0.05% 0.05%
60 Month CD $1,000.00 / $500.00 0.05% 0.05%
48 Month CD $1,000.00 / $500.00 0.05% 0.05%
36 Month CD $1,000.00 / $500.00 0.05% 0.05%
24 Month CD $1,000.00 / $500.00 0.05% 0.05%
18 Month CD $1,000.00 / $500.00 0.05% 0.05%
12 Month CD $1,000.00 / $500.00 0.05%  0.05%
6 Month CD $1,000.00 / $500.00
0.05% 0.05%
All rates and Annual Percentage Yields (APYs) are accurate as of the effective date and are subject to change without notice. A penalty will be imposed for early withdrawal and may reduce earnings. Certificates of Deposit (CD) accounts will automatically renew at maturity for the same term. You will have 10 calendar days after the maturity date to withdraw funds without penalty. Fees may reduce earnings.

$1,000 minimum balance to open and earn APY on 6-month, 12-month, 18-month, 24-month, 36-month, 48-month, and 60-month CD.
$500 minimum balance to open and earn APY on 6-month, 12-month, 18-month, 24-month, 36-month, 48-month, and 60-month IRA CD.

* The Portfolio CD Package is available only to Pillar Banking account holders and requires a minimum deposit of $7,500 to be divided equally among the three termed certificates. 1↩ 2↩ 3↩

Certificates of Deposit / Individual Retirement Account CD Rate Specials

CD products are listed by product, interest rate, and annual percent yield.
PRODUCT INTEREST RATE APY
7 Month CD 4.70% 4.75%
7 Month CD with Checking1 5.05% 5.10%
11 Month CD 4.49% 4.50%
* Minimum Certificate of Deposit (CD) balance to open and obtain Annual Percentage Yield (APY) is $1,000 / $500 (IRA CD). Rates subject to change at any time. Fees could reduce the earnings on the account. Penalty for early withdrawal. Individual Retirement Account (IRA) CDs are eligible to receive these promotional rates. Not for public entities and/or brokered accounts.

1Special or promotional offer is subject to change at any time. The primary or joint owner on the time deposit must be the primary or joint owner on an open Busey Bank checking account in good standing, by having a positive balance, when opening the time deposit, in order to be eligible to earn the highest stated rate of 5.10% APY.
 
Early Withdrawal Penalty:

If the term of the CD is 12 months or less, the early withdrawal penalty is 6 months of interest, but not more than the total amount of interest earned during the current term of the CD

If the term of the CD is greater than 12 months, the early withdrawal penalty is 12 months of interest, but not more than the total amount of interest earned during the current term of the CD

Transferring of interest and partial withdrawals requested outside of the grace period may not be allowed.
 

Individual Retirement Accounts

IRA products are listed by term length and indicate minimum opening deposit amount, interest rate, and annual percent yield.
PRODUCT MINIMUM OPENING DEPOSIT INTEREST RATE APY
Traditional 18 Month Variable
$50.00
0.05% 0.05%
Roth Savings / CESA Savings $50.00
0.05% 0.05%
All rates and Annual Percentage Yields (APYs) are accurate as of the effective date and are subject to change without notice. Fees may reduce earnings. The rate on variable accounts may change after the account is opened.

Traditional 18 Month Variable- A penalty will be imposed for early withdrawal and may reduce earnings. CD accounts will automatically renew at maturity for the same term. You will have 10 calendar days after the maturity date to withdraw funds without penalty. Fees may reduce earnings.
 

Savings Accounts

Savings products are listed by term length and indicate minimum opening deposit amount, interest rate, and annual percent yield.
PRODUCT MINIMUM OPENING DEPOSIT INTEREST RATE APY
Everyday Savings $100.00 0.01% 0.01%
Minor Savings $25.00 0.01% 0.01%
Bridge Savings $25.00 0.01% 0.01%
All rates and Annual Percentage Yields (APYs) are accurate as of the effective date and are subject to change without notice. Fees may reduce earnings. The rate may change after the account is opened.

Cornerstone Savings Account

(Active Pillar Checking required)

Cornerstone Savings products are listed by term length and indicate minimum opening deposit amount, interest rate, and annual percent yield.
PRODUCT MINIMUM OPENING DEPOSIT INTEREST RATE APY
$5MM and over $100 0.10% 0.10%
$1MM - $4,999,999.99 $100 0.10% 0.10%
$500,000 - $999,999.99 $100 0.10% 0.10%
$250,000 - $499,999.99 $100 0.10% 0.10%
$100,000 - $249,999.99 $100 0.05% 0.05%
$50,000 - $99,999.99 $100 0.02% 0.02%
$15,000 - $49,999.00 $100 0.01% 0.01%
$0 - $14,999.99 $100 0.01% 0.01%
All rates and Annual Percentage Yields (APYs) are accurate as of the effective date and are subject to change without notice. Fees may reduce earnings. The rate may change after the account is opened.

Premium Savings Account

Premium Savings products are listed by term length and indicate minimum opening deposit amount, interest rate, and annual percent yield.
PRODUCT INTEREST RATE APY
$5MM and over 4.72% 4.80%
$1MM - $4,999,999.99 4.72% 4.80%
$500,000 - $999,999.99 4.72% 4.80%
$250,000 - $499,999.99 4.72% 4.80%
$100,000 - $249,999.99 4.72% 4.80%
$25,000 - $99,999.99 3.93% 4.00%
$0 - $24,999.99 0.05% 0.05%
All rates and Annual Percentage Yields (APYs) are accurate as of the effective date and are subject to change without notice. Rates may change after the account is opened. Minimum deposit to open the account is $25,000 in new funds or from a Busey Bank matured CD. New funds must originate from a financial institution other than Busey Bank. This is a tiered rate account, minimum balance of $25,000 is required to obtain the premium APY offered. Offer applies to personal accounts only and to those who reside in Illinois, Missouri, Florida or Indiana. Fees may reduce earnings. No fee for electronic statements; or $4.00 paper statement fee is charged per statement cycle. Ask your local Busey Bank associate for details, terms and current rates.

Checking Accounts

Checking products are listed by term length and indicate minimum opening deposit amount, interest rate, and annual percent yield.
PRODUCT MINIMUM OPENING DEPOSIT INTEREST RATE APY
Health Savings - $25,000 and over $25.00
0.01% 0.01%
Health Savings - $10,000 - $24,999.99 $25.00
0.01% 0.01%
Health Savings - $1,500 - $9,999.99
$25.00
0.01% 0.01%
Health Savings - $1,499.99 and below
$25.00
0.01% 0.01%
Pillar Banking - $20,000+
$100.00 0.01% 0.01%
Pillar Banking - $3,000 - $19,999.99 $100.00 0.01% 0.01%
All rates and Annual Percentage Yields (APYs) are accurate as of the effective date and are subject to change without notice. Fees may reduce earnings. The rate may change after the account is opened.
 

Money Market Account

Money Market products are listed by term length and indicate minimum opening deposit amount, interest rate, and annual percent yield.
PRODUCT MINIMUM OPENING DEPOSIT INTEREST RATE APY
Money Market - $50,000 and over $100.00 0.01% 0.01%
Money Market - $15,000 to $49,999.99 $100.00 0.01% 0.01%
Money Market - $2,500 to $14,999.99 $100.00 0.01% 0.01%
Money Market - $2,499.99 and below $100.00 0.01% 0.01%
Pillar Money Market - $50,000 and over** $100.00 0.01% 0.01%
Pillar Money Market - $15,000 to $49,999.99** $100.00 0.01% 0.01%
Pillar Money Market - $2,500 to $14,999.99** $100.00 0.01% 0.01%
Pillar Money Market - $2,499.99 and below** $100.00 0.00% 0.00%
All rates and Annual Percentage Yields (APYs) are accurate as of the effective date and are subject to change without notice. Fees may reduce earnings. The rate may change after the account is opened.

** The Pillar Money Market is available only to Pillar account holders. 1↩ 2↩ 3↩ 4↩






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