Dedicated to Deposits: Deals, Data, and Discussion

5.65% 60-Month / 5.50% 12-Month CD at a Central Florida CU (Fairwinds)

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Fairwinds Credit Union
Fairwinds Credit Union is offering several high rate certificates of deposit. Yields include 5.44%, 5.50%, 5.55%, 5.60% and 5.65% APY for terms of 6, 12/24, 36, 48 and 60 months. The minimum deposit is $500. An extra 0.05% on the rates is applied for Jumbo CDs with a minimum of $100K. Also, members who've earned relationship rewards can receive yields up to 6.05% APY.

Fairwinds have always maintained competitive CD rates, but the rates do tend to vary each week. So these high rates may not last. It has been a while since they had a good CD promotion. The last one I had reported on was last year.

Field of membership includes those living or working in the following Central Florida counties: Brevard, Polk, Lake, Orange, Osceola, Seminole and Volusia. There's also a large list of select employer groups. In addition, active or retired military personnel or dependents receiving military benefits are eligible.

Membership application can be done online. Accounts can be funded using an electronic transfer from another financial institution. The cost of membership is a little higher than typical: $10 fee plus a minimum deposit of $50 to their share savings account.

Branches are located in Orlando and throughout Central Florida. Fairwinds is federally insured by the NCUA (Charter # 68417). It's a large credit union with $1.45 billion in assets and 135,892 members.
  Tags: Fairwinds Credit Union, CD rates, Florida

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