In today's rate environment, it's difficult to find 2 percent CDs especially in Florida. Miami Postal Service Credit Union is one of the few Florida institutions that still offer a 2 percent CD. It has a 5-year CD with a 2.02% APY. Minimum deposit is $1,000. For those who prefer short-term CDs, the credit union continues to offer a very competitive 9-month CD with a 1.26% APY for a minimum deposit of $25K (1.00% APY for $5K minimum). These rates are listed in the credit union's deposit rates page as of 3/21/2012.
In addition to postal employees and retirees, membership is open to everyone who lives, works or worships within a 15 mile radius of the three credit union branches. Membership is also open to Federal Government employees and their families. Please refer to the credit union's eligibility page for the full details. Membership requires a minimum $5 balance in the share savings account.
Miami Postal Service Credit Union branches are located in Miami, Hialeah and Pinecrest.
The credit union has an overall health score at DepositAccounts.com of 5 stars (out of 5) with a Texas Ratio of 3.38% (excellent) based on December 2011 data. Please refer to our financial overview of Miami Postal Service Credit Union for more details. The credit union is federally insured by the NCUA (Charter # 67330).
How These CD Rates Compare
The best nationally available 5-year CD rate is 2.35% APY at Justice Federal Credit Union for a $100K minimum (2.25% APY for a $500 minimum).
Searching for Top CD Rates
To search for nationwide CD rates and CD rates in your state, please refer to the best CD rates section of DepositAccounts.com.