First Choice Credit Union (FL) Offers Very Competitive 5-Year CD


Deal Summary: 60-month Jumbo CD, 1.51% APY, $75k minimum; 60-month CD, 1.26% APY, $5k minimum; additional 0.25% with active checking.

Availability: Palm Beach County, Florida; federal government employees/retirees (including Armed Forces) in seven South Florida counties; individuals holding a professional license from the State of Florida.

First Choice Credit Union (First Choice) recently raised the rates on its 60-month CD and Jumbo CD. After the addition of 21 bps, the 60-month Jumbo CD now earns 1.51% APY, ($75k minimum), with the 60-month CD earning 1.26% APY ($5k minimum).

1.51%$75k-First Choice Credit Union (FL)60 Month Jumbo CD
1.51%$75k-First Choice Credit Union (FL)60 Month Jumbo IRA (Traditional, Roth, CESA)
1.26%$5k-First Choice Credit Union (FL)60 Month CD
1.26%$5k-First Choice Credit Union (FL)60 Month IRA (Traditional, Roth, CESA)
Rates as of January 26, 2022.

The 60-month Jumbo CD and CD are also offered as IRA CDs (Traditional, Roth, and CESA), earning the same APYs with the same deposit requirements.

According to CSR, an additional 25 bps will be added if either a Premier Checking account or High Yield Checking account is “open and active” throughout the term of the CD. The Premier Checking account is non-interest bearing, with the High Yield Checking account earning very little interest.

0.05*%$25k$100kFirst Choice Credit Union (FL)High Yield Checking
OTHER TIERS: 0.01% Up to $10k | 0.03% $10k - $25k
Rates as of January 26, 2022.

As stated in the Schedule of Fees page, the Early Withdrawal Penalty reads as follows:

Over 6 month certificates – 180 days interest

CSR stated the easiest way to fund a CD is through an internal transfer from a First Choice savings or checking account. First Choice participates in the CO-OP Shared Branch network, making the transfer of funds relatively easy.

Maturing funds will be distributed through a check to the address on file or deposited into a First Choice checking or savings account. There is ten calendar day grace period before a CD automatically renews.


Headquartered in West Palm Beach, Florida, First Choice Credit Union’s field of membership (FOM) is primarily community-based, with individuals who live or work in Palm Beach County eligible for membership.

Employees and retirees of the Federal Government and veterans of any branch of the Armed Services who live in Florida counties of Broward, Glades, Hendry, Martin, Okeechobee, Palm Beach, or St. Lucie are also eligible to join.

Individuals who hold a professional license from the State of Florida qualify for membership, regardless of where they live.

All family members of a current First Choice member are welcome to apply.

Joining First Choice can be done online or at either of two Florida branches, located in Riviera Beach and West Palm Beach.

The online application includes CDs, but according to CSR, an in-branch visit is required to “finalize everything” for new members. Existing members can open CDs online or over the phone.

A minimum $1 opening deposit in a Share account establishes a First Choice membership, but a $100 minimum balance is required to earn dividends. There is a $25 early closure fee if a Share account is closed within 90 days of opening .

First Choice participates in both the CO-OP Shared Branch and ATM networks.

This network is a cooperative service organization owned by member credit unions. While they are not branches of our credit union, they are branches owned by credit unions participating in the shared branching network and you can use these CO-OP Shared Branches to make deposits, withdraw funds as well as other routine transactions.

Credit Union Overview

First Choice Credit Union has an overall health grade of "A" at, with a Texas Ratio of 0.64% (excellent) based on September 30, 2021 data. In the past year, First Choice has increased its total non-brokered deposits by $22.23 million, an excellent annual growth rate of 19.87%. Please refer to our financial overview of First Choice Credit Union (NCUA Charter # 67725) for more details.

Established in 1929, First Choice Credit Union is currently the 60th largest credit union headquartered in Florida, with nearly 10,000 members and assets in excess of $147 million.

How the Jumbo CD Compares

When compared to 205 similar length-of-term CDs tracked by that that are available within the FOM, First Choice Credit Union’s 60-month Jumbo CD APY currently ranks first, regardless of minimum deposit requirements.

The above information and rates are accurate as of 12/8/2021.

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

Related Pages: West Palm Beach CD rates, 5-year CD rates


The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.