5.00% 6-Month and 18-Month CD at Tyndall FCU in the Florida Panhandle
Sep 25, 2008 - 3:27 PM by Ken Tumin
My last report on this credit union was on its reward checking account. In 2007 it had started with a yield of 6% APY, but now it's down to 4% APY with a balance cap of $50K.
Membership is open to those who live, work, worship or attend school in one of the Florida Panhandle counties of Gulf, Walton, Jackson, Bay, Okaloosa, Franklin, Calhoun, Holmes, or Washington Counties. You also can be eligible via Select Employer Groups. Please refer to the credit union's Field of Membership Page for more details. Membership requires a $1 membership fee and a minimum deposit of $5 into the share savings account.
Branches are located Lynn Haven, Marianna, Mary Esther, Panama City and Port St. Joe.
The credit union has some strong financial ratings for soundness: 5 stars (superior) at BauerFinancial and 4 stars (sound) at Bankrate.com. Both are based on 6/30/08 data. The credit union is federally insured by the NCUA (Charter # 10754). It has $884.4 million in assets and 100,434 members based on 4/07/08 data.
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Anonymous - #1, Thursday, September 25, 2008 - 4:50 PM
As an option, Indymac Federal will give you 5% on a 6 month CD if you ask for a competitors rate (i.e. Dime Savings Bank).
Your money is safe and sound with uncle sam.
Anonymous - #2, Thursday, September 25, 2008 - 7:45 PM
CNBC reporting that WaMu deposits taken over by Chase.
Guess our rates might be going down now...
Anonymous - #3, Friday, September 26, 2008 - 10:21 AM
Hi All,
I called the Tyndall FCU and I worship in one of their counties but live in another FL county. They would not let me become a member, they said I must live in one of their counties. Not sure if the CSR was BS'g me or if that is true.
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