Granite FCU Has Raised 60-Month Certificate Rate


Availability: Residents of Salt Lake County, Utah

Granite Federal Credit Union (Granite FCU) has raised the rate on its 60-month Certificate (2.32% APY). The minimum deposit $500, with no balance cap.

3.20%$500-Granite Federal Credit Union60 Months Certificate
Accounts mentioned in this post. Rates as of February 22, 2018.

For the past 14 months, the 60-month Certificate's rate held steady at 2.11% APY; this week’s rate increase of 21 basis points has resulted in the highest APY in more than five years.

According to CSR, the Early Withdrawal Penalty is 365 days interest.


Headquartered in Salt Lake City, Granite Federal Credit Union’s field of membership is primarily residency based, with individuals who live, work, worship, volunteer, or attend school in Salt Lake County eligible to join.

Joining Granite FCU and/or opening a Certificate must be done in-person at any of nine Utah branches located in Midvale, Riverton, Salt Lake City (2), Sandy (2),South Jordan, Taylorsville, and West Jordan. At this time, Granite FCU’s online platform is dedicated to account management and bill payment services, including ApplePay.

Credit Union Overview

Granite Federal Credit Union (NCUA Charter # 24726) has an overall health grade of "A" at, with a Texas Ratio of 5.52% (excellent) based on March 31, 2016 data. In the past year, Granite FCU has increased its total deposits by $33.25 million, an excellent annual growth rate of 10.46%. Please refer to our financial overview of Granite Federal Credit Union for more details.

Granite Federal Credit Union’s roots can be trace back to the Spring of 1935, when several Granite School District employees met to form the Granite Teachers Credit Union. A NCUA Charter was granted in 1986 and the Credit Union was headed toward growth and field of membership expansion. The Credit Union switched to a federal charter in 2004, and in 2009 merged with the Salt Lake Schools Credit Union. Granite FCU is currently Utah’s 9th largest credit union, with more than 31,900 members and assets in excess of $392 million.

How the CD Compares

When compared to the 175 similar length-of-term CDs tracked by, which require a similar minimum deposit and are available to residents of the greater Salt Lake City area, Granite Federal Credit Union’s 60-month Certificate APY currently ranks third.

The above rates are accurate as of 6/11/2016.

To look for the best nationwide CD rates and the best CD rates in your state, please refer to our CD rates table or our new Rates Map page.

Top Long-Term CD Rates at Granite Credit Union in Utah - Local Only

Granite Credit Union is offering two top long-term CD rates: a 2.77% APY 5-year CD and 3.03% APY 7-year CD. Minimum deposit is $1,000. The rates go down considerably for shorter terms. The CD rates for terms of 2-years and under are not competitive. Minimum deposit is $1,000. These rates are listed in the credit union's CD rates page as of 1/20/2011.

As compared to internet banks on 1/20/2011, the best 5-year CD rate is 2.75% APY at Salem Five and the best 7-year CD rate is 2.70% APY at Discover...

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