Dedicated to Deposits: Deals, Data, and Discussion

4.50% 11-Month CD at Brightstar Credit Union in South Florida

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Brightstar Credit Union
BrightStar Credit Union is offering a special 11-month CD with a yield of 4.50% APY. The minimum deposit is $500. The yield is 4.75% APY for Platinum Star members. The CD is also available in an IRA.

My last post on this credit union was in April when it was offering a yield of 3.85% 5-month CD and a 3.50% 23-month CD. You can see how the rates have risen over the last several months.

Membership is open to anyone who lives, works or attends school in Broward or Palm Beach County, Florida. See the Join-Us page for more details.

Branches are located in Davie, Fort Lauderdale, Hollywood, Lauderhill, Margate and Pembroke Pines. The credit union is federally insured by the NCUA (Charter # 67347). It has $281.9 million in assets and 38,550 members.

Finding a financially sound institution in Florida with high deposit rates can be difficult these days. Brightstar CU might be one. It has some solid financial ratings: 5-star rating (superior) at BauerFinancial and a 4-star (sound) at Bankrate.com. Both are based on 6/30/08 data.

Thanks to the reader who emailed me news of this special CD.
  Tags: CD rates, IRA rates, Brightstar Credit Union, Florida

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