Competitive 1-Year CD Rate at South Florida Federal Credit Union

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1.06%$200-South Florida Federal Credit Union12 Month CD
Accounts mentioned in this post. Rates as of August 29, 2016.

If you prefer a short-term CD over a long-term CD, you’ll probably have to settle for a low rate that’s not much higher than the best savings account rates. If you’re lucky, there will be a local bank or credit union with a CD rate that’s better than what you can find on the internet. That’s the case for those in the Miami area where South Florida Federal Credit Union is offering a 1.26% APY 1-year CD. Minimum deposit is $200. This rate is listed in the credit union's account rates page as of 12/30/2013.

The credit union continues to offer a good deal on its Jumbo Money Market Account with a 1.10% rate. This requires a $100,000 minimum deposit to open, and it requires a $100,000 minimum average daily balance to avoid service fees.

Unfortunately, the credit doesn't make it easy to qualify. Membership is primarily based on Select Employee Groups. Several churches and schools are also included. Please refer to the credit union's Who Can Join page for more details.

I just noticed a few associations that are now listed in the field of membership. One is the Paralyzed Veterans Association of Florida (PVAF) located in Ft. Lauderdale, Florida. Members of this association are eligible to join the credit union. According to this PVAF page, anyone can become an associate member of PVAF. There’s a $30 annual fee to join. Once you’re a member of the credit union, you no longer have to remain a member of the association.

South Florida FCU is located in Miami, Florida.

South Florida FCU has an overall health grade at DepositAccounts.com of a B+ with a Texas Ratio of 10.18% (excellent) based on September 2013 data. Please refer to our financial overview of South Florida FCU for more details. The credit union is federally insured by the NCUA (Charter # 23041).

How This CD Rate Compares

For CDs easily available nationwide, the highest 1-year CD rate is 1.10% APY. That’s available at Melrose Credit Union and at AloStar Bank of Commerce. The rate is not quite as high, but there’s a good 1-year CD deal at CIT Bank. It has a 1.05% APY, but it has the added advantage of an add-on deposit and a bump-up rate option.

To search for the best nationwide IRA CD rates and the best IRA CD rates in your state, please refer to the IRA rates section of DepositAccounts.com.

Comments
2-Year IRA CD Special at South Florida FCU - Local Only

IRA specials are common this time of year as banks and credit unions try to attract new customers. This time of year before April 15th, you can make IRA contributions for both the current year and the previous year. I came across another credit union with a good IRA CD special. It's South Florida Federal Credit Union, and it's offering 2.01% APY on a 2-year IRA CD. Minimum initial deposit is $200, and the maximum is $100,000 per member. New deposits are required. This special is listed on the credit...

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Top CD and Money Market Rates at South Florida FCU - Local Only

South Florida Federal Credit Union is again offering a special 1-year CD rate. It also has a good money market deal for large balances. The special CD has a 12-month term with a 1.25% APY. The credit union also has a decent deal on bump-up CDs with a 1.16% APY 2-year CD and a 1.55% APY 4-year CD. If the credit union's rates go up during the term of your CD, you can "Bump Up" your rate. The CDs have a minimum deposit of $200

The money market account has a...

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Higher CD Rates at South Florida Federal Credit Union - Local Only

Update 7/1/2011: These special CD rates are no longer listed on the credit union's website.

South Florida FCU did something we don't much of these days. It raised rates on its three special CDs and IRA CDs. These new special CDs are a 1-year CD with a 1.76% APY, an 18-month CD with a 1.87% APY and a 2-year CD with a 1.97% APY. Previously, all of these special CDs had a 1.50% APY. Minimum deposit is $500. This is a limited time offer and is available only to new deposits....

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Special 1-Year CD Rate at South Florida FCU - Local Only

South Florida FCU is offering a CD and IRA CD special with a 1.50% rate for terms of 1 year, 18 months and 2 years. Minimum deposit is $500. This special is listed in the credit union's front page in the rotating banner as of 1/11/2011.

As a comparison to the internet banks, the best 1-year CD rate is 1.50% APY at CNB Bank Direct.

The credit union used to offer competitive rates on its money market account. For example, in April 2010 the rate had been 1.77%. The rate has plummeted,...



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South Florida FCU is offering a 2.02% APY 18-month share and IRA share certificate. Minimum deposit is $500. The credit union continues to offer a very competitive money market rate. It's now 1.77% APY which is down from November when it was 2.52%. These rates are listed at the credit union's rates page as of 4/25/2010.

Membership is primarily based on Select Employee Groups. Several churches and schools are also included. Please refer to the credit union's Who Can Join page for more details.

The credit union is located in Miami, Florida.

South...





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