You will need to live in one of those two areas to open a CD with BankUnited. It also has some branches in the New York City metro area. Promotional CD Lengthġ2-Month Promotional CD Interest Rate ComparisonīankUnited has its headquarters in Miami Lakes, Florida and the majority of its branches are in Florida. To calculate how much interest you could earn with a CD, try using SmartAsset's CD calculator.īelow is a rundown of the information you need to decide if a BankUnited CD account is right for you. If parking that cash in a CD works with your financial strategy, you can reap the rewards of relatively robust interest rates. So if you have a need for extra liquidity and aren't prepared to tie up your cash for half a year, you'd be best served looking elsewhere for CDs with shorter terms. There are only six term options to choose from and the shortest is 6 months. Whether or not you choose BankUnited will also depend on your individual goals. Unlike some other banks, BankUnited does not offer higher rates for customers who contribute more to their account.

That’s high but isn’t out of line with similar banks. The minimum deposit to open an account is $1,000. BankUnited, which has branches in Florida and the New York metro area, offers respectable interest rates on its promotional certificate of deposit (CD) accounts, though some of the best CD rates on the market are still quite a bit higher.

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