Dedicated to Deposits: Deals, Data, and Discussion

5.65% 60-Month / 5.50% 36-Month CD at a Utah CU (Cyprus)

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Cyprus Credit Union
Cyprus Credit Union has some competitive rates on its certificates. The yields range from 5.65% APY for a 60-month term to 5.30% APY for a 12-month term. The minimum deposit is $1,000. These are available for both regular and IRA certificates. Since the rate table had a July date, I called yesterday and was told that these rates are correct. According to the service rep, the early withdrawal penalty is 1-month of interest for terms of 12 months and under. For terms over 12 months, the penalty is 3 months.

Membership is open to any Utah resident who is willing to make a $3 donation to the Community Recreation Association (CRA). Please see the credit union's membership page for more details. Membership requires a minimum $25 deposit into your savings account.

Branches are located in the Utah cities of South Jordan, West Valley City, Salt Lake City, Centerville, Herriman, Magna, Riverton, Sandy and Saratoga Springs. According to the service rep, Utah residents can join and open accounts by mail. It will require a notarized signature card and copies of your driver's licences and social security card. Please contact the credit union for more details. The credit union is federally insured by the NCUA (Charter # 24688). It has $494.1 million in assets and 68,779 members.
  Tags: Cyprus Credit Union, Utah, CD rates, IRA rates

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