DEXSTA Federal Credit Union Long-Term CDs Have Rate-Leading APYs


Deal Summary: Certificates – 24-month (5.64% APY), 36-month (5.90% APY), 48-month (5.64% APY), and 60-month (5.38% APY), $1k minimum deposit.

Availability: Kent County and New Castle County (DE) and Cecil County (MD)

Following significant rate increases (up to 131 bps) last week, the DEXSTA Federal Credit Union (DEXSTA) mid-term and long-term Certificates are now offering rate-leading APYs. Of the four Certificates reviewed in this blog post, the 36-month (5.90% APY) and 48-month (5.64% APY) have the most competitive rates. All DEXSTA Certificates can be opened with a $1k minimum deposit, with no stated balance cap.

4.07%$1k-DEXSTA Federal Credit Union24 Month Certificate
3.82%$1k-DEXSTA Federal Credit Union36 Month Certificate
3.56%$1k-DEXSTA Federal Credit Union48 Month Certificate
3.30%$1k-DEXSTA Federal Credit Union60 Month Certificate
Rates as of April 16, 2024.

The Certificates are also available as IRA Certificates (Traditional and CESA), earning the same APYs but with a lower minimum opening deposit of $100.

4.07%$100-DEXSTA Federal Credit Union24 Month IRA Certificate (Traditional, CESA)
3.82%$100-DEXSTA Federal Credit Union36 Month IRA Certificate (Traditional, CESA)
3.56%$100-DEXSTA Federal Credit Union48 Month IRA Certificate (Traditional, CESA)
3.30%$100-DEXSTA Federal Credit Union60 Month IRA Certificate (Traditional, CESA)
Rates as of April 16, 2024.

While many CD product lines currently have an inverted yield curve, the DEXSTA Certificate product line is more of a hill-top curve.

DEXSTA CD yield curve as of 8/14/23

As stated on the Certificates, IRAs and ESAs page, the Early Withdrawal Penalty reads as follows:

You may be assessed a penalty if you withdraw any of the principal before the maturity date. If dividends have already been paid, the penalty will be deducted from principal. Penalties are as follows:

  • 6-Months: 6-Month Certificates have a penalty equal to the lesser of two amounts: Dividends since the date of issuance or 90 days’ dividends.
  • 12-Months or more: Regular Share Certificates and IRA Certificates with a term of 12 months or more have a penalty equal to the lesser of two amounts: Dividends since the date of issuance, or 180 days’ dividends.


Headquartered in Wilmington, Delaware, DEXSTA Federal Credit Union’s field of membership (FOM) is community-based, with individuals who live, work, worship, attend school, or volunteer in the Delaware counties of Kent or New Castle, or in Cecil County, Maryland, eligible to join.

Immediate family members of anyone who is membership-eligible also qualifies for membership, regardless of where they live.

Account Opening

Joining DEXSTA can be done online or at any of the five Delaware branches, located in Middletown, New Castle, Newark, and Wilmington (2). The membership application is also available as a download that can be returned in person to any branch or by fax (302.225.0618).

Opening a CD can be done at any of the above-mentioned branch locations or by phone (302.571.0522).

Membership requires just a $5.00 deposit as a "Membership Share."

DEXSTA participates in CO-OP Shared Branch Network.

By sharing branches with hundreds of credit unions across the country, you can conduct transactions in branches of participating credit unions, just as if you were in a DEXSTA Federal Credit Union branch.

Funding and Other Details

The following information was obtained from the DEXSTA website and a conversation with CSR.

  • Funding – Internal transfer, shared branch transaction, or check (if opening in-branch).
  • CO-OP Shared Branch Participant – Yes.
  • Ownership – Individual, joint, or trust.
  • Dividends – Compounded/credited monthly (on the 15th) and can be withdrawn without penalty.
  • Maturing Funds – Internal transfer to a DEXSTA savings account.
  • Beneficiaries – Unlimited and percentages can be assigned; Social Security number required for all beneficiaries.
  • Grace Period –7 calendar days before automatic renewal.
  • Credit Check – Hard pull when applying for membership.

Credit Union Overview

DEXSTA Federal Credit Union has an overall health grade of "B" at, with a Texas Ratio of 9.43% (excellent) based on March 31, 2023 data. In the past year, DEXSTA’s total non-brokered deposits decreased by -$5.72 million, an average annual growth rate of -1.49%. Please refer to our financial overview of DEXSTA Federal Credit Union (NCUA Charter # 2187) for more details.

Established in 1937 as the DuPont Experimental Station Employees Federal Credit Union, the founding members were 22 DuPont Experimental Station employees who had attended a presentation about credit unions, given by a member of a Philadelphia credit union. While each founding member contributed $5 for an initial share,

One of the charter members, James McVey, withdrew $500 [the equivalent of approximately $10,600 today] from his bank savings account and deposited it in the credit union so it could make loans.

DEXSTA is currently the fourth largest credit union in Delaware, with more than 36,000 members and assets in excess of $418 million.

How the 24-, 36-, 48-, and 60-Month Certificates Compare

When compared to similar length-of-term CDs tracked by that are available within the FOM and have minimum deposit requirements of $10k or less, no banks or credit unions have higher rates than currently offered on the DEXSTA Federal Credit Union 24-, 36-, 48-, and 60-month Certificates. The following table compares the Certificates to the two highest-rate CDs from other credit unions and the two highest-rate CDs from banks.

The above information and rates are accurate as of 8/14/2023.

To look for the best CD rates, both nationwide and state specific, please refer to our CD Rates Table page.

Related Pages: Philadelphia CD rates, Baltimore CD rates, 5-year CD rates, IRA CD rates

  |     |   Comment #1
Wow, awesome rates. I wish I lived in their geographic area.
  |     |   Comment #7
Me too! The 36 month rate is ideal!!!
  |     |   Comment #2
me too fred_b. I need a 3 year CD and I would take advantage of the 36 month 5.9%
  |     |   Comment #3
What about Pelican State CU 24 month CD at 5.90% APY, effective today?
  |     |   Comment #4
SouthernGirl I think they have a pretty limited field of membership and unfortunately I do not live or work in their area but that is a good rate as well.
  |     |   Comment #5
txFish1, Pelican State CU is nationwide. Please see post by Ken Tumin dated 11/12/22 on how to join with membership to one of three partner associations for $5.00 (minimum amount).
  |     |   Comment #6
SouthernGirl you are correct I was in a hurry and was LOOKING at DEXSTA membership requirements. Will try and open tomorrow. Thanks
  |     |   Comment #8
SouthernGirl, thanks so much for sharing with us such good rate on nationwide but....are they still offering it since November 2022??? Thanks again. :)
  |     |   Comment #9
Hi again SouthernGirl, I went to see its site and nowhere it says "Effective Today" or any time limit. Also, their IRA came down to 60 months at 1.76%! I'm very interested in the 24 mo. However, these rates may be connected with Kasasa with which I'm not familiar. Also, the "API" has a superscripted 2 which doesn’t lead to a clarification. Any opinions?
  |     |   Comment #10
Hello. Please see Ken's post on 08/15/23 on Pelican State CU.
  |     |   Comment #14
SouthernGirl, I saw Kent's post, thank you! :)
  |     |   Comment #11
Keepin mind that if you open a CD and name a beneficiary there is a huge red flag. If you should die, your beneficiary will have to pay an early withdrawal penalty. Bad enough you die now Dexstra wants to make your heir pay. We walked out of there fast when they told us that.
  |     |   Comment #12
Often but not always the case. Over the years I've run across a few FIs that offer what are sometimes called "estate privileges" (sometimes it goes by other names), whereby if the owner dies the POD can get the funds sans EWP. You might have to search to find these, as front-line CSRs become less and less knowledgeable on average.
  |     |   Comment #13
Oh THANK YOU slimjimmy51, this is mighty important to know! How dare they burden a beneficiary with EWP??? Does this ridiculous rule apply also to POD, IRA, Annuities? Must remember to ask this question before opening anywhere now. Thanks again.
  |     |   Comment #15
Most financial institutions will waive EWP at owner's death and it will be disclosed in the Truth in Savings Disclosure. I reviewed Dexsta Truth in Savings Disclosure on 08/15/23, on their website and there is no mention to waive EWP under any circumstances. Of course, it is helpful to obtain a current Truth in Savings Disclosure of a CD prior to opening.
  |     |   Comment #16
It’s a 180 day early withdrawal penalty for your beneficiary if they close it out when the owner dies. We waited in the office for quite awhile while the CSR asked the manager about it and they said an EWP will apply. Not only that they did a hard pull on Experian and Chexsystem even though we never opened the account, that’s why we did a fast walk out of the building. You would think they wouldn’t make the pull until you sign the paper.
  |     |   Comment #17
Per Dexstra website:

"Exceptions for Early Withdrawal Penalties
At our option, we may pay the account before maturity without imposing an early withdrawal penalty under the following circumstances: (1) when an account owner dies or is determined incompetent by a court or other body of competent jurisdiction. (2) Where the account is an Individual Retirement Account and any portion is paid within 7 days after establishment; or where the account is an IRA and the owner attains age 59 ½ or becomes disabled."
  |     |   Comment #18
That is not what she told me, she went and asked the branch manager just to be sure. She came back ans told us there would be an early withdrawal fee. Unless they changed it since we were there a few months ago
DEXSTA Federal Credit Union 60-Month CD Offers Rate-Leading APY
Update 5/16/23: CD rates went up! 48-month increased to 4.85% APY, and 60-month increased to 5.12% APY! This post was originally published on 5/12/23.

Deal Summary: CDs – 48-month (4.59% APY) and 60-month (4.85% APY), $1k minimum deposit.

Availability: Kent County and New Castle County (DE) and Cecil County (MD)

Delaware-based DEXSTA Federal Credit Union (DEXSTA) recently increased the rates on the majority of its Certificates. Following increases of 26 bps, the 48-month Certificate earns 4.59% APY, with the 60-month Certificate earning 4.85% APY....

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DEXSTA Federal Credit Union Offers 3.29% APY On 60-Month CD
Deal Summary: CDs – 48-month (3.04% APY) and 60-month (3.29% APY), $1k minimum deposit

Availability: Residents of New Castle County (DE) and Cecil County (MD).

DEXSTA Federal Credit Union (DEXSTA) has two competitive long-term CDs: 48-month (3.04% APY) and 60-month (3.29% APY). The minimum opening deposit for either CD is $1k, with no stated balance cap.

Both CDs are also available as IRAs (Traditional and CESA), earning the same APYs with the same funding requirements.

As stated on the Certificates, IRAs and ESAs page, the Early Withdrawal Penalty...

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