FORT LAUDERDALE, FL -- Leading personal finance website GOBankingRates identified the highest five-year CD rates in Fort Lauderdale, Fla. Consumers seeking a safe place to grow capital typically find certificates of deposit have higher yields than regular savings accounts.

"CD rates vary geographically because local institutions are pursuing different goals," said Amanda Garcia of GOBankingRates. "Local CD rates depend on several factors, including the current lending environment, available capital and level of competition for deposits among financial intuitions."

GOBankingRates also compared the average Fort Lauderdale CD rate against state and national averages.

Average CD Rates

10 Highest Five-Year CD Rates in Fort Lauderdale

1. City County Credit Union: 1.76% APY, for deposits $500+
2. BrightStar Credit Union: 1.50% APY, for deposits between $500 and $49,999
3. Seaside National Bank & Trust and TransCapital Bank: 1.40% APY, for deposits between $2,500 and $99,999 and $1,000+, respectively
4. First Florida Credit Union: 1.39% APY, for deposits $1,000+
5. Ocean Bank: 1.35% APY, for deposits $2,500+
6. First Southern Bank: 1.31% APY, for deposits $2,500+
7. Tropical Financial Credit Union and City National Bank of Florida: 1.25% APY, for deposits between $500 and $99,999  and $1,000+, respectively
8. IBM Southeast Employees Federal Credit Union and Space Coast Credit Union: 1.20% APY, for deposits between $1,000 and $24,999, and $500+, respectively
9. Third Federal Savings & Loan: 1.15% APY, for deposits $500+
10. Florida Community Bank: 1.11% APY, for deposits between $1,000 and $99,999

City County Credit Union's CD is notable for offering a variety of options based on membership level; the more accounts members hold, the higher rate they will receive.

About This Study
This study surveyed base rates for interest-bearing CD accounts with an assumed deposit of $10,000 from financial intuitions in Broward County as of Feb. 4, 2014. Data was compiled from the GOBankingRates interest rate database, which in partnership with Informars.com, aggregates interest rate data from more than 4,000 financial institutions.

Rates could change at any time. Other conditions might apply.  This information has been obtained from various financial institutions and accuracy cannot be guaranteed.

About GOBankingRates
GOBankingRates is a personal finance website that connects consumers with the best interest rates nationwide. Its editors have been featured on several top media outlets, including U.S. News, Yahoo! Finance, Forbes, The Street, Huffington Post and more.