Updated July 2026
Best CD Rates in Tampa, Florida
The top CD and money market rates available to Tampa 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
4.08%
Florida West Coast CU · 12 mo
Top Online Rate
4.30%
Raisin — open to FL residents
National Average
0.55%
What most banks are paying
⚠️
Rate Alert: Tampa residents have access to rates nearly 8x the national average. Florida has no state income tax, so every dollar of interest stays in your pocket. Rates change frequently — always verify directly with the institution before opening.
💡 Pro Tip — Tampa Residents
Several top local Tampa rates require $100,000 minimum deposits (jumbo CDs). If you have less than that, Florida West Coast Credit Union at 4.08% with a $500 minimum is your best local option — or go with Raisin online at 4.30% with no meaningful minimum. Florida’s no income tax means your full APY stays with you.
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Rates sourced from CD Valet and institution websites. Data as of May–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.