Grow Financial FCU Adds 50 bps to 30-35 Month CD


Deal Summary: 30-35 Month Share Certificate, 2.00% APY, $500 minimum deposit.

Availability: Easy membership requirement for residents of Florida, North Carolina, and South Carolina; active and retired military, regardless of residency; 1,500+ SEGs.

Florida-based Grow Financial Federal Credit Union (Grow Financial) began the week by raising the rate on its 30-35 Month Share Certificate (2.00% APY) by 50 bps. The minimum opening deposit is $500, with no stated balance cap.

2.30*%$100k-Grow Financial Federal Credit Union30 - 35 Month Share Certificate
OTHER TIERS: 2.20% $500 - $100k
2.30*%$100k-Grow Financial Federal Credit Union30 - 35 Month IRA Certificate
OTHER TIERS: 2.20% $500 - $100k
Rates as of January 16, 2019.

The 30-35 Month Share Certificate has been part of the product line for more than seven years. This week’s rate hike resulted in the highest APY since its initial offering, and is the highest CD APY currently being offered by Grow Financial.

This competitive Share Certificate is also available as an IRA (Traditional), earning the same APY and with the same funding requirements.

As stated in the Rate Schedule (at the end of the Universal Account Agreement), the Early Withdrawal Penalty reads as follows:

If your account has an original maturity of more than one year the penalty
we may impose will equal 180 days dividends on the amount withdrawn.


Headquartered in Tampa, Grow Financial Federal Credit Union’s field of membership (FOM) is quite diverse, extending membership to individuals across the country.

Employment/Affiliation: Employees and members of more than 1,500 SEGs are eligible for membership. Two of the SEGs, the Florida and Carolina chapters of the American Consumer Council (ACC), offer an easy membership requirement for residents of Florida, North Carolina, and South Carolina.

Military Relationship: All active and retired military members, regardless of residency, qualify for membership. In addition, civilian personnel at MacDill Air Force Base (Tampa) also qualify.

Family Relationship: Immediate family and household members of current Grow Financial members, or membership-eligible individuals, are eligible to join.

Joining Grow Financial and/or opening an Share Certificate can be done at any of 23 Florida Gulf Coast branches located from Spring Hill to Bradenton, or the five South Carolina branches located in Columbia (2), Lexington, and Summerville (2).

Credit Union Overview

Grow Financial Federal Credit Union has an overall health grade of "A" at, with a Texas ratio of 3.71% (excellent) based on March 31, 2017 data. In the past year, Grow Financial has increased its total non-brokered deposits by $151.69 million, an excellent annual growth rate of 7.8%. Please refer to our financial overview of Grow Financial Federal Credit Union (NCUA Charter # 9976) for more details.

Grow Financial Federal Credit Union is currently the fifth largest credit union headquartered in Florida, with nearly 197,000 members and assets in excess of $2.3 billion. The Credit Union was established in 1955, serving the military and civilian employees at Tampa’s MacDill Air Force Base. An expansion of the FOM began in the 80s, with a variety of SEGs added. The expansion and diversification of the FOM became critical in the 90s, when it seemed MacDill AFB could be on a Department of Defense hit list. The first South Carolina branch was opened in late 2014 in Columbia, which is home to Fort Jackson. Grow Financial plans on eventually having 15 South Carolina branches.

How the Share Certificate Compares

When compared to the 326 similar length-of-term CDs tracked by, which require a similar minimum deposit and are available to Florida residents, Grow Financial Federal Credit Union's 30-35 Month Share Certificate APY shares the top spot with four nationally available 3-year CDs.

The above rates are accurate as of 8/9/2017.

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

Related Pages: Charleston CD rates, Tampa CD rates, Columbia CD rates, 5-year CD rates

5.75% 27-Month CD at a Florida CU
MacDill Federal Credit Union is offering a 5.75% 27-month CD. The minimum deposit is $500. The special CD must be opened by April 29th, 2006.

The field of membership includes members of Prime Savers Club. To be eligible to join this club, you must work or reside in one of the following Florida counties: Hillsborough, Pinellas, Pasco, Hernando, and Manatee.

The credit union has branches in several Florida cities including Tampa, Brandon, St. Petersburg, Largo, Pinellas Park and Clearwater.

MacDill is NCUA insured. It's a large credit union with $1.6 billion in assets...

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