Dedicated to Deposits: Deals, Data, and Discussion

5.60% 6-Month / 5.50% 3-Month CD at a Florida CU (Fairwinds)


Fairwinds Credit Union
Fairwinds Credit Union is offering a 5.60% APY 6-month and 5.50% APY certificate of deposit. The minimum deposit is $500. An additional 5 basis points is available for Jumbo CDs with a minimum of $100K. These are also available as an IRA certificate with an extra 5 basis points added to the rates. Also, members who've earned relationship rewards can receive a yield up to about 6.20% APY.

Fairwinds' longer term CD rates have gone down in the last few weeks. These had been around 5.60% APY. Currently, for a $500 minimum, these range from 5.44% APY for a 12-month CD to 5.28% APY for a 48 and 60 month CD.

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, IRA rates, Florida

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