Florida Credit Union Offers CD Specials In 45 Florida Counties

POSTED ON BY

Deal Summary: Jumbo CD Specials ($100k min, new money) – 26-month (1.10% APY) and 18-month (0.85% APY). 25-month CD Special, 1.00% APY, $25k min, new money

Availability: 45 counties in North and Central Florida

Florida Credit Union (FCU) is currently promoting a series of limited-time CD Specials, with terms ranging from 13 to 37 months. Of the five different term-lengths, the 18- and 26-month Jumbo CD Specials ($100k min) and 25-month CD Special ($25k min) have the most competitive rates. All the CD Specials require new money, which is defined as funds not currently on deposit at FCU. According to the fine print on the promotion page, there is a $5 million maximum balance cap on each CD.

APYMINMAXINSTITUTIONPRODUCTDETAILS
0.50%$25k-Florida Credit Union25 Month Special CD
0.50%$5k-Florida Credit Union26 Month CD Special
0.50%$100k-Florida Credit Union26 Month Jumbo CD Special
0.45%$5k-Florida Credit Union18 Month CD Special
0.45%$100k-Florida Credit Union18 Month Jumbo CD Special
Rates as of April 19, 2021.

The 18- and 26-month Jumbo CD Specials are relatively new products, having been added in late December. The 25-month CD Special has been part of the product line for more than nine years.

The CD Specials are also available as IRA CD Specials (Traditional and Roth), earning the same APYs with the same deposit requirements.

APYMINMAXINSTITUTIONPRODUCTDETAILS
0.50%$25k-Florida Credit Union25 Month IRA Special (Traditional, Roth)
0.50%$5k-Florida Credit Union26 Month IRA Special (Traditional, Roth)
0.50%$100k-Florida Credit Union26 Month Jumbo IRA Special (Traditional, Roth)
0.45%$5k-Florida Credit Union18 Month IRA Special (Traditional, Roth)
0.45%$100k-Florida Credit Union18 Month Jumbo IRA Special (Traditional, Roth)
Rates as of April 19, 2021.

As stated on FCU’s Deposit Rates page, the Early Withdrawal Penalty for the CD Specials is as follows:

  • 270 days – 18-month Jumbo CD Special/CD Special
  • 540 days – 26-month Jumbo CD Special/CD Special and 25-month CD Special

Availability

Headquartered in Gainesville, Florida Credit Union field of membership (FOM) is residency based. Since I last wrote about FCU in 2018, an additional 14 counties have been added to the FOM, with individuals who live or work in any of the following 45 North and Central Florida counties now eligible to join:

Alachua, Baker, Bradford, Brevard, Charlotte, Citrus, Clay, Columbia, De Soto, Dixie, Duval, Flagler, Gilchrist, Hamilton, Hardee, Hernando, Highlands, Hillsborough, Indian River, Jefferson, Lafayette, Lake, Leon, Levy, Madison, Manatee, Marion, Martin, Nassau, Okeechobee, Orange, Osceola, Pasco, Pinellas, Polk, Putnam, Sarasota, Seminole, St. Johns, St. Lucie, Sumter, Suwannee, Taylor, Union, or Volusia.

Joining FCU can be done online, by contacting the Contact Center (800.284.1144), or by visiting any of eleven Florida branches located in DeLand, Gainesville (4), Lake City, Ocala (4), and Starke. According to FCU’s COVID-19 Update page, all locations are open for business with normal business hours.

Opening a Regular Savings account ($5 minimum/$2.5k maximum) is required to establish an FCU membership.

At this time, the online application only lists six different CDs. CDs opened online are limited to a maximum $10k opening deposit, so the Jumbo CD Specials are excluded from online opening. According to CSR, after submitting a membership application, you can then instruct the Credit Union, either by phone or online, to open a CD. Funds for the CD must first be available in your FCU savings or checking account. FCU does NOT participate in the CO-OP Shared Branch network.

Credit Union Overview

Florida Credit Union has an overall health grade of "A+" at DepositAccounts.com, with a Texas Ratio of 2.24% (excellent), based on December 31, 2020 data. In the past year, Florida CU has increased its total non-brokered deposits by $156.52 million, an excellent annual growth rate of 15.23%. Please refer to our financial overview of Florida Credit Union (NCUA Charter # 60497) for more details.

Originally chartered in 1954 as the Alachua County Teachers’ Credit Union, Florida Credit Union was owned and operated by teachers in the Alachua County School System. The Credit Union began adding more school systems and community colleges to its FOM within two years of opening its doors. 67 years later, after two name changes, a charter change, and expansion throughout North and Central Florida, FCU is currently the 16th largest credit union in Florida, with nearly 120,000 members and assets in excess of $1.4 billion.

How the CD Specials Compare

When compared to the similar length-of-term CDs tracked by DepositAccounts.com that are available within the FOM, Florida Credit Union’s 18-month Jumbo CD Special APY currently ranks second, regardless of deposit requirements.

When compared to the similar length-of-term CDs tracked by DepositAccounts.com that are available within the FOM, Florida Credit Union’s 26-month Jumbo CD Special APY currently ranks first, regardless of deposit requirements.

The above information and rates are accurate as of 3/15/2021.

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

Related Pages: Orlando CD rates, Jacksonville CD rates, Gainesville CD rates, 1-year CD rates, 5-year CD rates

Comments
Florida Credit Union Ups Rate of 15-Month CD Special
Deal Summary: 15-month CD Special, 2.55% APY, $5k minimum

Availability: 31 counties in North and Central Florida

Last week, Florida Credit Union (FCU) raised the rate on its 15-month CD Special to 2.55% APY. The minimum deposit is $5k, with no stated balance cap.

Added to the product line in December 2017, the 15-month CD Special’s initial rate was 1.45% APY. There have been four rates increases since February, adding a total of 110 bps to the 15-month CD Special.

The 15-month CD Special is...

Continue Reading
Florida Credit Union Ups 15-Month CD Special Rate
Deal Summary: 15-month CD Special, 2.00% APY, $5k minimum

Availability: 30 counties in North and Central Florida

Florida Credit Union (FCU) raised the rate on its 15-month CD Special (2.00% APY) yesterday. The minimum deposit is $5k, with no stated balance cap.

The 15-month CD Special was added to the product line two months ago, with an initial 1.45% APY. Yesterday’s addition of 55 bps was the first rate change for the 15-month CD Special.

The 15-month CD Special is also available as an IRA (Traditional...

Continue Reading
Florida Credit Union Ups 37-Month CD Special
Deal Summary: 37-month CD Special, 2.25% APY, $5k minimum

Availability: 30 counties in North and Central Florida

Over the weekend, Florida Credit Union (FCU) raised the rate on its 37-month CD Special (2.25% APY). The minimum deposit is $5k, with no stated balance cap.

The 37-month CD Special was added to FCU’s product line four months ago, with an initial 2.00% APY that lasted two months. Following a 20 bps rate drop in October, an additional 45 bps were added in two rate increases in December.

...
Continue Reading
Florida Credit Union Offers 12-Month CD Special (1.76% APY)
Availability: 27 counties in North and Central Florida

Earlier this month, Florida Credit Union (FCU) added a 12-month CD Special (1.76% APY). The minimum deposit is $2k, with no stated balance cap.

The 12-month CD Special is also available as an IRA (Traditional), earning the same APY with the same funding requirements.

As stated on FCU’s Truth in Savings disclosure, the Early Withdrawal Penalty for the 12-month CD Special is 180 days interest.

Availability

Headquartered in Gainesville, Florida Credit Union field of membership (FOM) is residency based, with...

Continue Reading
3 Competitive CD Specials at Florida Credit Union
Availability: 27 counties in Northern and Central Florida

Florida Credit Union (FCU) has introduced three CD specials with terms of 12 months (1.05% APY), 24 months (1.51% APY) and 36 months (1.76% APY). All three are also available in an IRA. Minimum deposit is $10K, and there is no maximum balance. FCU’s early withdrawal penalties are substantial: 270 days (12 month), 360 days (24 month) and 540 days (36 month). These are limited-time specials, and they are scheduled to expire on November 30, 2015.

Availability

Continue Reading

More Past Offers



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.