6.00% 24-Month CD at a Florida CU (FSU)

Florida State University Credit Union is offering a 6.00% APY 24-month share certificate. The minimum deposit is $1K. Other terms also have very competitive rates. These include a 5.80% APY 18-month CD and a 5.85% APY 36-month CD.

These CDs have several nice features. First, the early withdrawal penalty is less than the average penalty. It's only 90 days of interest. Usually it's 180 days for terms of over 1 year. Second, the grace period is 20 days in which you can close a CD after maturity without penalty. A 10 day grace period is more typical. The 24-month and 36-month CDs have a "Step Up" feature that allows you request a higher rate if interest rates rise. The 18-month and shorter term CDs allow additional deposits to be made. All CDs all available for IRA accounts.

An additional 25 basis points is available on any CD for those who qualify for the Champions' Choice Checking Account with Platinum Level or the Alumni Advantage Checking Account. The Platinum Level requires a qualifying product or service in at least one of 3 categories (deposit, loan and e-service). This can include a CD, a credit card and e-Statements. The Alumni Advantage Checking requires you to be a paying member of the FSU Alumni Association. See rates and fees page for details.

The field of membership primarily includes FSU students, faculty and staff and other Select Employer Groups associated with FSU. Branches are located in Tallahassee and Crawfordville, Florida.

The credit union is NCUA insured. It has $68 million in assets and over 10K members.