BankUnited in Florida is offering a 2-year special CD rate of 2.75% APY. While BankUnited was taken over by the FDIC back in May, the bank is still up and running. The new BankUnited’s FDIC charter was started on May 21, so there shouldn’t be any worries now about another closure on the bank.

While the 2 year special CD rate is one to potentially catch your eye, there are some shorter terms which you might also be interested in. There is a 12-month CD and a 1.75% APY 8-month CD for those who are looking for a short term gain.

The return on these certificate of deposits may not look as nice as other long term bank deals, so you might consider going for the 2 year at 2.75% APY. The minimum deposit on all these bank deals is $5000 dollars. This is one of the better CD rates in Florida, with branch locations in Coconut Creek, Fort Myers, Hallandale Beach, Plantation, Coral Springs, Naples, Orlando, Tampa, Miami and many other cities across Florida.

For more information on CD rates, Savings account rates, and other deposits from BankUnited, stop by a local branch and speak with a representative.

UPDATE: These rates are not current, you will want to speak with a bank rep for the latest rates on CD’s.

AIG is offering some pretty decent rates on their money market accounts available nationwide. They also have some comparable cd rates which are not as great, but nonetheless competitive. Lets take a look at the money market account currently available.

AIG Bank’s money market account has tiered rates which are nice. If you don’t want a monthly fee tacked on then you will be required to keep your balance above $2,500. Currently the money market rate is 1.76% APY for deposits of $2.5K-$10K.

You will need to start with at least $2,500 minimum deposit to open up the account. Bonuses that come with the investment are a first book of 40 checks which are free. A Visa check card which you can use at local ATM’s. If you use other bank ATM’s there is no charge from AIG but you may receive a charge from the bank you use it at.

As far as AIG CD rates go, it loks like they are a little lower than others. For a short term certificate of deposit you will get a rate of 1.86% APY. For 60 months you will get a CD rate of 3.46% APY. if you are interested in any other rates or savings accounts, you may want to check with an AIG representative.

Champion Bank is offering several CD specials with competitive rates that caught our eye. The first being a 2.75% APY CD with a term of 11 months. Others include 13 month and 18 month terms with the same rate. There is a minimum deposit of $1,000 to qualify to open this deposit, and they are available in both regular and IRA. These rates are good as of 6/3/09.

If a Bank CD is not what you wanted to get then you might consider going for a reward checking account that Champion Bank offers at a rate of 2.25%. This rate is good for balances not exceeding $25,000.

Their main branch is located in St. Louis Missouri. If you are interested in opening other accounts with the bank you may want to see a representative. We will have more information soon on CD rates from other Missouri banks in the near future.

Most people know that GMAC bank has a new name, and with that name is coming some pretty high deposit rates. Ally Bank CD rates are as high as 2.80% APY. While that may not seem huge, it is quite high for the economy we are in, and some people are questioning whether Ally Bank should be allowed to do this after all the down turn with GMAC.

The American Bankers Association’s President & CEO Edward Yingling sent a letter to the FDIC’s Chairwoman, Sheila Bair asking that Ally Bank not be allowed to have such high bank rates. Why such a fuss? Lets not forget where GMAC was just a short while ago, and where it is right now. It appears by many that the strategy of Ally bank is to work its way out of its financial crisis by quickly obtaining mass amounts of customers with the tempting Certificate of Deposits, Online Savings Accounts, and Money Market Accounts.

How will this turn out for the banking industry? Will Ally bank continue picking up new customers left and right with its new game plan despite what appears to be financial instability?

If you do get a Bank CD from Ally keep in mind you are FDIC insured up to $250,000 which means you don’t have much to worry about.

With the wide increase of credit growth and the decrease of interest rates, certificate of deposit rates are on the minds of many. Of note by investors is the credit-deposit ratio. This adds up to be the proportion of loan assets that have been created by a bank from the actual deposits they have received.

According to data collected, the growth of credit is at 22 percent, while the growth of deposits is at 25 percent. The previous year banks saw the credit growth at 32 percent. This caused the RRB to increase the cash reserve ratio, which in turn had an effect on banks to increase their lending and deposits. What did tis mean for those searching for the best cd rates or certificate of deposit rates? It meant that these would be lower than normal.

Right now the economy is playing catch up with things, so it looks like according to analysts that the certificate of deposit rates will increase throughout 2009.