The long-term Share Certificates offered by Keys Federal Credit Union (Keys FCU) have very competitive rates: 36-month (1.26% APY), 48-month (1.51% APY), and 60-month (1.76% APY). These APYs have remained unchanged for almost a year, but have become more competitive as the majority of long-term CD rates substantially dropped. The minimum opening deposit is $500, with no stated balance cap.
All Keys FCU Share Certificates are available as IRA Share Certificates (Traditional and Roth), earning the same APYs with the same deposit requirements.
As stated in the Truth-in-Savings disclosure, the Early Withdrawal Penalty reads (in part),
Only dividends may be withdrawn from this account prior to maturity without penalty. If the principal is withdrawn prior to maturity … a one hundred eighty-two (182) day interest penalty is assessed on certificates with a maturity greater than twelve (12) months.
Headquartered in Key West, Florida, Keys Federal Credit Union’s field of membership (FOM) is residency based, with individuals who live or work in the Florida Keys qualifying for membership.
Local military members, including those serving at NAS Key West or US Coast Guard Islamorada Station, are eligible to join.
Immediate family members of anyone who lives or works in the Florida Keys also qualify.
Keys FCU has no online application. Joining Keys FCU and/or opening a Share Certificate can be done at any of five Florida branches, located in Big Pine Key, Key West (2), Marathon Shores, and Stock Island.
To become a member of the Credit Union, you must complete a Member Application and open a Share Savings Account. The basic deposit that you must maintain in your Savings Account is $5.00.
Keys FCU is a member of the Presto! Network,
a debit network owned and operated by Publix Super Markets, Inc. It consists of over 1,220 ATMs located at Publix Super Markets throughout the southeastern United States. Access is surcharge-free for customers of Presto! member financial institutions.
Credit Union Overview
Keys Federal Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 3.00% (excellent) based on September 30, 2020 data. In the past year, Keys FCU has increased its total non-brokered deposits by $30.67 million, an excellent annual growth rate of 22.52%. Please refer to our financial overview of Keys Federal Credit Union (NCUA Charter # 4135) for more details.
Keys Federal Credit Union was established in 1940 and was originally known as NAVSTA Federal Employees Federal Credit Union. The founding members were Civil Service employees at the Naval Air Station Key West who “believed if they worked together, they could provide more affordable financial services for everyone." In keeping with that vision, Keys FCU was one of 17 credit unions recognized with an America Saves national award in 2018 for helping their members build personal wealth.
America Saves is a campaign that leverages the principles of behavioral economics and social marketing to motivate, encourage, and support low- to moderate-income households to save money, reduce debt, and build wealth.
How the Share Certificates Compare
When compared to 212 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available within the FOM, Keys Federal Credit Union's 60-month Share Certificate APY currently ranks first.
When compared to 196 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available within the FOM, Keys Federal Credit Union's 48-month Share Certificate APY currently ranks first.
When compared to 235 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available within the FOM, Keys Federal Credit Union's 36-month Share Certificate APY currently ranks first.
The above information and rates are accurate as of 2/24/2021.
To look for the best CD rates, either nationwide state-specific, please refer to our CD Rates Table page.