Updated July 2026
Best CD Rates in Miami, Florida
The top CD and money market rates available to Miami residents right now — with exact institutions, current APYs, and how to open an account.
Top Accessible Rate
4.82%
vs. 0.55% national avg
Top Local CD
4.82%
Central Bank · 6 month · $500 min
Top Online Rate
4.30%
Raisin — open to FL residents
National Average
0.55%
What most banks are paying
⚠️
Rate Alert: Miami has one of the strongest local CD markets in Florida — Central Bank is currently offering 4.82% on a 6-month CD, well above both the national average and most online banks. Florida’s no state income tax makes every basis point count. Always verify rates directly before opening.
💡 Pro Tip — Miami Residents
Central Bank’s 4.82% on a 6-month CD is the standout rate in Miami right now — and it only requires $500 to open, which is unusually accessible for a rate that high. The catch: it’s a short term, so you’ll need to decide what to do when it matures. If you want a longer lock-in, Raisin at 4.30% for 12 months is your best option. Also worth noting: American Airlines FCU is advertising a 9.00% rate locally, but that requires employment with American Airlines — most people won’t qualify.
For Miami-Area Banks & Credit Unions
Want your rates featured on this page?
We feature local institutions offering competitive rates to Miami residents.
Get Miami rate updates every week
Free. No spam. We’ll alert you when Miami rates move.
Rates sourced from BestCashCow, CD Valet, and institution websites. Data as of July 2026. Rates are subject to change without notice. The Rate Desk is not a bank or financial advisor. Always verify current rates directly with the institution before opening an account. We may earn a referral fee when you open an account through our links.