Best Bank CD Rates in Miami, FloridaThe Federal Reserve Bank raised the discount rate from 1/2 percent to 3/4 percent late last week. A higher discount rate doesn't mean CD rates will head higher. We'll have to wait until the Fed funds rate is raised to force deposit rates higher. Right now the national average 12 month bank CD rate is at 1.05 percent. We did a search on our 12 month CD rate table and found the best bank CD rates in Miami Florida are from Discover Bank and Tennessee Commerce Bank, both banks are offering a 12 month CD rate of 1.69 percent with an APY of 1.70 percent. The highest CD rate for a 3 month certificate of deposit is from Bank Direct, their current CD interest rate is 1.11 percent with an APY of 1.11 percent. Third Federal Bank is second on the list with a interest CD rate of 1.10 percent with an APY of 1.10 percent. 6 month CD interest rates are averaging only 0.77 percent. First Century Bank is currently offering one of the highest CD rates for a 6 month savings CD rate. The bank's current CD rate is 1.74 percent with an APY of 1.75 percent. That rate and yield beats some 12 month CD rates at banks. Search for the best bank CD rates in your area: Best Bank CD Rates. Explore Other CD Rate Offers |