Dedicated to Deposits: Deals, Data, and Discussion
Florida Credit Union1.46%$10k-36 Month CD Special
Florida Credit Union1.46%$10k-36 Month IRA Special (Traditional,Roth)
Florida Credit Union1.00%$10k-24 Month CD Special
Florida Credit Union1.00%$10k-24 Month IRA Speical (Traditional,Roth)
Accounts mentioned in this post. Rates as of August 27, 2014

3-Year CD Special with a Top Rate at Florida Credit Union


Florida Credit Union

Florida Credit Union is offering three special rates for its certificates. The one that’s most competitive is its 3-year CD special which has a 1.46% APY. The other two are a 1.00% APY 24-month CD, a 0.75% APY for terms of either 12 or 18 months. Minimum deposit is $10,000. These rates are listed in the credit union's rates page as of 3/14/2014. One downside with these CDs is a large early withdrawal penalty. The penalty for the 3-year CD is 540 days of interest.

Florida Credit Union’s field of membership has expanded since I last reported on this credit union in 2011. More counties are now included. Credit union membership is open to anyone who lives or works in any of the following Florida counties: Alachua, Bradford, Citrus, Clay, Columbia, Dixie, Flagler, Gilchrist, Hamilton, Hernando, Lake, Levy, Marion, Putnam, St. Johns, Sumter, Suwannee, Union and Volusia. Please refer to the credit union's About page for more details.

Credit Union Overview

Florida Credit Union branches are located in the cities of DeLand, Gainesville, Lake City, Ocala and Starke.

The credit union has an overall health grade at of an A with a Texas Ratio of 12.57% (above average) based on December 2013 data. Please refer to our financial overview of Florida Credit Union for more details. The credit union is federally insured by the NCUA (Charter # 60497).

How This CD Rate Compares

For Florida, the 1.46% APY for a 3-year term is very competitive. Two credit unions have slightly higher rates but they require a relationship to qualify for these rates. A bank in the Panhandle also has a higher rate, but its financial health is poor.

The highest 3-year CD rate that's nationally available is 1.61% APY at Melrose Credit Union which is in New York.

To search for the best nationwide CD rates and the best CD rates in your state, please refer to the CD rates section of

  Tags: Florida Credit Union, CD rates, IRA rates, Florida

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Comment #1 by Anonymous posted on
Even though you qualify for this rate because of where you live, Melrose CU in NY that has the highest 3 year rate, is available nationwide.  Their early withdrawal penalties are not easy to understand but if you are not concerned about that, they often have the best rates.  I have several CD's there; including IRA's and have not had any problems.  Once you establish an account there, it's very easy to add CD's - they will email you the most up to date app.           

Comment #2 by rules posted on
Just checking