Orlando Federal Credit Union (FL) Offers 60-Month Jumbo CD, 3.25% APY


Deal Summary: Jumbo Share Certificates – 60-month, 3.25% APY; 24-month, 2.95% APY; $50k minimum.

Availability: Residents of four Central East Florida counties.

Orlando Federal Credit Union (Orlando FCU) offers only five different CD term-lengths, but two of the Jumbo Share Certificates have very competitive rates: 60-month (3.25% APY) and 24-month (2.95% APY). The minimum opening deposit for a Jumbo Share Certificate is $50k, with no stated balance cap.

UPDATE 8/29/2019: APYs have been corrected on Orlando FCU's Rates page.

Note: As of last night, Orlando FCU’s Current Rates page was not displaying the correct APYs for any of the Share Certificates listed, with the Dividend Rate and APY being the same. In a series of phone calls and emails, I was able to confirm the Share Certificates do, in fact, compound and the APYs should be approximately 5 bps higher than the stated Dividend Rate. Orlando FCU has a new website and apparently not all the data migrated successfully. The CSR supervisor assured me it will be corrected.

The Jumbo Share Certificates are also available as IRAs (Traditional, Roth, CESA), earning slightly higher APYs (24-month, 2.97% and 60-month, 3.28%), but with the same $50k minimum deposit.

As stated on the Certificate Accounts page, the Early Withdrawal Penalty reads as follows

Terms of 6 months or less lose 90 days’ worth of dividends;
and terms greater than 6 months lose 180 days’ worth of dividends.

Funding, Maturing Funds, Dividend Payments

Funding a Jumbo Share Certificate can be done by ACH or wire transfer when using the online application. Maturing funds will be distributed by cashier’s check or wire, or transferred to an existing Orlando FCU checking or savings account.

As mentioned earlier, the Jumbo Share Certificate interest compounds daily and earned dividends are credited monthly. You can opt to either reinvest the dividends or have them automatically transferred to an Orlando FCU’s savings or checking account.

Beneficiaries can be named (equal shares assigned), with a Social Security number required for each beneficiary.


Headquartered in its namesake city, Orlando Federal Credit Union’s field of membership (FOM) is primarily residency based with individuals who live, work, worship, attend school, or volunteer in the Florida counties of Lake, Orange, Osceola, or Seminole eligible to join.

Immediate family members of current Orlando FCU membership are welcome to apply. “Immediate family” is defined as spouse, child/step-, parent/step-, sibling, grandchild, and grandparent.

Joining Orlando FCU and/or opening a Jumbo Share Certificate can be done online, or at any of nine Florida branches located in Apopka, Casselberry, and Orlando (7).

The Ownership share is a non-transactional account that is required to establish an Orlando Federal Credit Union Membership. The account must always maintain a $5.00 balance.

Orlando FCU participates in the CO-OP Shared Branch network and three different ATM networks - Allpoint Network, MoneyPass ATM Network, and Publix’s Presto! Network.

Away from home? You can still get your banking done at one of more than 5,000 shared branch locations. You can even withdraw or deposit cash at over 80,000 surcharge-free ATMs worldwide by visiting an in-network ATM.

Credit Union Overview

Orlando Federal Credit Union has an overall health grade of "B+" at DepositAccounts.com, with a Texas Ratio of 2.42% (excellent) based on March 31, 2019 data. Orlando FCU has an above average capitalization level (10.02%), the result of holding $235.31 million in assets with $23.58 million in equity. Please refer to our financial overview of Orlando Federal Credit Union (NCUA Charter # 1213) for more details.

Established in 1936 as the Orlando City Employees Federal Credit Union, Orlando Federal Credit Union is currently Florida’s 42nd largest credit union, with just over 25,000 members and assets in excess of $235 million. While the current FOM is limited to only four counties, expansion plans are in the works. According to Orlando FCU’s website,

Orlando Federal Credit Union has applied to federal and state regulators to convert from a federal to a state-chartered credit union. The conversion date will be shortly after the special membership meeting and vote. The proposed date is October 1, 2019.

Membership will be expanded to individuals who live, work, and worship in Volusia, Brevard, Polk and Hillsborough Counties.

How the Jumbo Share Certificates Compare

When compared to 206 similar length-of-term CDs tracked by DepositAccounts.com that are available within the FOM, Orlando Federal Credit Union's 60-month Jumbo Share Certificate APY currently ranks first, regardless of minimum deposit requirement.

Interest RateCD Length of TermCredit Union/Bank
3.25% APY60-Month Jumbo Share Certificate ($50k min)Orlando Federal Credit Union
3.10% APY5-Year Share Certificate ($50k min)Signature Federal Credit Union
3.05% APY1-Year 60-Month Share Certificate ($20k min)United Sates Senate Federal Credit Union

When compared to 241 similar length-of-term CDs tracked by DepositAccounts.com that are available within the FOM, Orlando Federal Credit Union's 24-month Jumbo Share Certificate APY currently ranks first, regardless of minimum deposit requirement.

Interest RateCD Length of TermCredit Union/Bank
2.95% APY22-Month Jumbo Share Certificate ($50k min)Orlando Federal Credit Union
2.84% APY29-Month Mini-Jumbo CD ($50k min)Hughes Federal Credit Union
2.80% APY24-Month CD ($1k min)MAC Federal Credit Union

The above rates are accurate as of 8/27/2019.

Looking for the best CD rates, either nationwide or state specific? Please refer to DepositAccounts.com’s CD Rates Table.

Related Pages: Orlando CD rates, 5-year CD rates, IRA CD rates

5.65% 60-Month / 5.45% 12-Month CD at a Florida CU (Orlando)
Orlando Federal Credit Union has some high rates on its term share certificates. The best rates require a $50K minimum. The APYs for a 6, 12, 18, 24 and 60 month term are 5.31%, 5.45%, 5.47%, 5.49% and 5.65%. The yields are 5 basis points less for a minimum deposit of $1,000. According to the rate table, these rates should last through 10/07/07.

Membership is open to those who live, work, worship, volunteer or attend school in Orange, Seminole, Lake or Osceola county, Florida. Please see the credit union's membership page...

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