Checking Bonus & Competitive CD Rates at BrightStar Credit Union in South Florida

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APYMINMAXINSTITUTIONPRODUCTDETAILS
1.55%$50k$95kBrightstar Credit Union5 Year Mini Jumbo CD - Platinum Star
1.55%$50k$95kBrightstar Credit Union5 Year Mini Jumbo IRA - Platinum Star
Accounts mentioned in this post. Rates as of December 9, 2016.

BrightStar Credit Union has two reasons why people in Southeast Florida may want to join. First, they're offering a $100 to new members who open its free checking account. Second, BrightStar has some competitive CD and IRA CD rates.

First, the $100 checking account bonus requires some work. The new member must maintain a minimum of 4 eligible transactions each month for 7 months. However, many transactions qualify. According to the offer's small print "Eligible transactions include: Visa Check Card purchases, checks clearing, direct deposit of payroll or other funds, bills paid via Online BillPay, in-branch withdrawals or deposits, ATM deposits." The checking is easy to maintain. It has no minimum balance requirements and no monthly fee. More details about the bonus and the checking account are listed in BrightStar's online specials page. There's also a link to an online application on this page.

In addition to the checking bonus, you may want to join to take advantage of some competitive CD and IRA CD rates. To qualify for the best rates, you must be a Platinum Star Member which requires a checking relationship with certain services and/or minimum balances. Some of the competitive CD rates for Platinum Star Members include a 1.50% APY 23-month CD, a 1.25% APY 13-month CD and a 1.85% APY Jumbo 5-year CD. The 23-month and 13-month CDs require a $500 minimum deposit. The Jumbo CD requires a $95K minimum. Without Platinum Star Membership, these CD rates are 25 bps lower. These rates are listed in the credit union's rates sheet as of 12/13/2012.

Credit Union Membership Eligibility

Credit union membership is open to anyone who lives, works or goes to school in Broward or Palm Beach Counties, Florida. Please refer to the credit union's membership page for the full details. There's also a link to an online application in this membership page. The application is powered by Andera which is common for online applications. The application allows new members to open the checking accounts and the standard CDs. You need to call the credit union for the special and Jumbo CDs.

Credit Union Overview

BrightStar Credit Union branches are located in the South Florida cities of Davie, Fort Lauderdale, Hollywood, Lauderhill, Margate and Pembroke Pines. The credit union is part of a shared branch network, CU Service Centers, which allows you to conduct many banking transactions at branches of other credit unions around the nation.

The credit union has an overall health score at DepositAccounts.com of 4 stars (out of 5) with a Texas ratio of 8.16% (above average) based on September 2012 data. Please refer to our financial overview of BrightStar Credit Union for more details. The credit union is federally insured by the NCUA (Charter # 67347).

Other Credit Union and Bank Bonuses

We have a bank promotions page with a table of all of the active bank and credit union promotions. You can filter the table based on the type of promotion and based on your state. I have more details about how to use this page in this blog post.

You can view my latest bank bonus blog posts in this bank bonus page. I and DepositAccounts.com readers often post on bonuses in the checking account deals forum.

Searching for the Best 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.

Comments
Kaight
Kaight   |     |   Comment #1
Thank you, Ken, for posting about Brightstar.  FWIW I happen to be a member of this CU.  It's a good CU and I've had a satisfactory experience, though my membership is currently seeing only a minimum level of activity.  Still, "once a member always a member", and I'm doing the minimum required to maintain my membership status.

The only teensy quibble I'd have with your post, Ken, concerns achieving membership.  I don't live within a thousand miles of South Florida and I never travel there.  Suffice it to say there are ways to join Brightstar nevertheless.  :-)  However, considerable effort is required.
Competitive CD Rates at BrightStar Credit Union in South FL - Local Only

BrightStar Credit Union is offering some competitive CD rates. Its special Smart CDs include a 1.60% APY 11-month CD and a 1.85% APY 23-month CD. Minimum deposit is $500. The regular 3-year CD is also competitive with a 2.45% APY for a minimum balance of $100K (2.35% for a $500 minimum). These rates also apply in IRAs. You can earn an additional 25 basis points on all CDs if you're a Platinum Star Member. These rates are listed in the credit union's rates sheet as of 7/23/2010.

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$100 Checking Account Bonus at BrightStar Credit Union in South FL - Local Only

BrightStar Credit Union is offering up to $100 for opening its checking account and performing qualifying transactions. The $100 bonus requires a minimum of 4 eligible transactions each month for 7 months. A $50 bonus is available with just direct deposit of at least $500 per month. The coupon for this bonus along with additional details is in this credit union flyer (pdf) as of 7/23/2010.

The credit union checking account has no minimum balance requirements and no monthly fees. Online BillPay is free.

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Update 10/03/08: The 5.25% 11-month CD is no longer listed at the credit union's website. Please check with the credit union for the latest rates and specials.

BrightStar Credit Union just increased the rate on its special 11-month Smart CD to 5.25% APY. The minimum deposit is $500. The yield is 5.50% APY for Platinum Star members. The CD is also available in an IRA.

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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.

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3.85% 5-Month / 3.50% 23-Month CD at a South Florida CU (BrightStar).
Update 5/10/08: The 5-month Smart CD rate has fallen. Please see the credit union's website for the latest CD rates.

BrightStar Credit Union has some competitive rates on its Smart CDs. The rates include a 3.85% APY for a 5-month term and a 3.50% APY for 11 and 23 month terms. The minimum deposit is $500.

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.

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