Update: The CD rates have fallen. Please check the credit union's website for the latest rates.
Tropical Financial Credit Union is offering high rates on its 6 and 12 month certificates. The yield is 5.90% APY for a $100K minimum deposit, 5.65% APY for a $50K minimum and 5.40% APY for a $500 minimum.
The credit union also has a high yield savings account with a yield of 5.07% APY with a minimum deposit of $2,500. To avoid monthly fees requires a balance of $1,000. A checking account is required.
Membership is open to those who live or work in Miami-Dade, Broward, Palm Beach and Sarasota Counties. See their membership page for the full details. Membership requires a $5 minimum deposit into the regular savings account.
The credit union is federally insured by the NCUA (Charter # 68476). It has $711.7 million in assets and 66,468 members.