Singing River Federal Credit Union 5-Year CD Is A Rate Leader


Deal Summary: 5-year Share Certificate, 2.35% APY ($100k), 2.25% APY ($50k), 2.15% APY ($1k).

Availability: Residents of George, Greene, and Jackson Counties, Mississippi, and most of Mobile County, Alabama.

Mississippi-based Singing River Federal Credit Union (Singing River FCU) is currently offering competitive rates on its 5-year Share Certificate: 2.35% APY ($100k), 2.25% APY ($50k), and 2.15% APY ($1k).

The 5-year Share Certificate recently had a rate drop of 15 bps, which probably signals the new rates should last at least for a little while. DA has been tracking Singing River FCU’s CD rates since late 2011; during those eight-plus years, the 5-year Share Certificate’s APY has never been lower than 2.00%.

According to CSR, the Early Withdrawal Penalty for the 5-year Share Certificate is 365 days of interest on the amount withdrawn, with partial withdrawals allowed.


Headquartered in Moss Point, Mississippi, Singing River Federal Credit Union’s field of membership (FOM) is residency based, with individuals who live, work, worship, or attend school in George, Greene, or Jackson Counties, Mississippi, or most of Mobile County, Alabama, are eligible for membership.

Immediate family members (spouse, children, parents, siblings, grandparents, in-laws) of current Singing River FCU members in good standing also qualify for membership.

Joining Singing River FCU and/or opening a Share Certificate can be initiated online. A representative will contact you within one business day following application submission to complete the process. Singing River FCU has modified the access to its four Mississippi branches, in response to the COVID-19 situation.

At our small branch in Leakesville, we are still able to operate fully, while at our Moss Point, Pascagoula, and Lucedale locations we have adjusted to drive through only. We can make an appointment for lobby services if needed.

Opening a Share Savings account with a minimum $10 deposit establishes membership at Singing River FCU, but a minimum $100 balance is required to earn any interest.

Credit Union Overview

Singing River Federal Credit Union has an overall health grade of "B+" at, with a Texas Ratio of 6.54% (excellent) based on December 31, 2019 data. Singing River FCU has an above average capitalization level (10.70%), the result of holding $212.71 million in assets with $22.75 million in equity. Please refer to our financial overview of Singer River Federal Credit Union (NCUA Charter # 8694) for more details.

Singing River Federal Credit Union was founded in 1953 by employees of International Paper (Southern Craft Mill). The original intent was to establish a "fair-rate financial cooperative" for a group of people whose credit opportunities were limited. Currently the sixth largest credit union in Mississippi, Singing River Federal has more than 20,000 members and nearly $196 million in deposits.

Singing River Federal has one of the more colorful credit union names. The "Singing River" refers to the Pascagoula River, which flows into the Gulf of Mexico. According to,

For hundreds of years, visitors and residents alike have described a mysterious humming sound that rises from the waters of the river. The sound produced by the rubbing of the rim of a crystal glass or goblet is very similar to the repetitive humming or singing that is heard coming from the river.

Catherine Cole, writing in the New Orleans Times-Picayune on July 24, 1892, described hearing the sounds of the river: "Visitors come from all along the coast to sit on the rough, tumultuous roots of the oaks that lean over the river and listen to the flute-like sounds that are rubbed off from the river, as a deft hand brushes melody from the rim of a crystal goblet."

Theories abound, but to date no one has explained the strange phenomenon.

How the Share Certificate Compares

When compared to the similar length-of-term CDs tracked by that are available within the FOM, Singing River Federal Credit Union's 5-year Share Certificate APYs currently rank in the top four.

The above rates are accurate as of 4/29/2020.

Looking for the best CD rates, either nationwide or state-specific? Please refer to our CD Rates Table page.

*We are continuing to keep our rates up-to-date, but are just too many rate cuts for us to process the changes quickly. For the time being, please be aware that the rates listed at DepositAccounts may not reflect the latest rates published by the banks and credit unions.

Related Pages: Mobile CD rates, Biloxi CD rates, 5-year CD rates


Singing River FCU (MS/AL) Introduces Three Short-Term CDs
Availability: Residents of George, Greene, and Jackson Counties, Mississippi, and most of Baldwin and Mobile Counties, Alabama

Singing River Federal Credit Union (Singing River Federal) marked Halloween by adding a trio of Time-share Certificates (8-, 18-, and 28-month) that all earn 1.40% APY. Obviously, the short the term, the more competitive the Time-share Certificate (CD).

The minimum opening deposit is $50K for any of the three CDs and there are no balance caps. These CDs are also available as IRAs (Traditional, Roth, and CESA),...

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3.40% 12-Month CD & 3.45% 24-Month CD at Singing River FCU in Mississippi
Singing River Federal Credit Union is offering some very competitive CD rates for large deposits. These include a 3.40% APY 1-year CD and a 3.45% APY 2-year CD. Minimum deposit is $50,000. For a $100,000 minimum these rates are 10 basis points higher. For a $1,000 minimum the 1-year rate goes way down to 2.50% APY, but the 2-year CD remains competitive at 3.30% APY. These and other competitive rates are listed at the credit union's rate table as of 1/30/2009.

Membership is open to anyone who lives, works, worships or...

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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.