Updated July 2026
Best CD Rates in Orlando, Florida
The top CD and money market rates available to Orlando residents right now — with exact institutions, current APYs, and how to open an account.
Top Rate Available
4.30%
vs. 0.55% national avg
Top Local CD
4.00%
MIDFLORIDA Credit Union · 36–60 mo
Top Online Rate
4.30%
Raisin — open to FL residents
National Average
0.55%
What most banks are paying
⚠️
Rate Alert: Orlando residents can earn up to 4.30% right now — nearly 8x the national average. Florida has no state income tax, so every dollar of interest is yours to keep. Always verify rates directly with the institution before opening.
💡 Pro Tip — Orlando Residents
MIDFLORIDA is a solid local option with branches throughout Central Florida, but their best rates require longer terms (3–5 years). If you want flexibility or a shorter term, Raisin at 4.30% beats everything locally available and only requires $1 to open. Florida’s no state income tax makes every extra tenth of a percent matter more here than in most other states.
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Rates sourced from institution websites and aggregators. 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.