Sunshine Savings Bank currently has some top CD rates, including a 2.50% APY 12 month CD, a 3.00% APY 18 month CD, a 3.10% APY 24 month CD and a 3.50% APY 48 month CD. These CDs require a $50,000 minimum deposit. They also offer traditional and Roth IRA CDs with similar rates. These CD rates are current as of 5/1/2009.

These CDs can actually be opened by mail from any state, but the rate doesnt lock until they receive the application and your check in the mail. If you’re worried about the rate changing, you could include a note with the CD applciation and tell them not to open the CD if the rates fall.

On top of that, mailing an application does have some hassles. They require you to send in notarized copies of you driver’s license and social security card with the application. A reader last year informed me that they can fax you the application. The bank’s phone number is 800-468-3993.

Branches are located in Tallahassee, Florida. This bank used to be a credit union, and changed to a FDIC insured bank in July 2007.