Competitive Long-Term CD Rates at Space Coast Credit Union in Florida

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1.86%$500-Space Coast Credit Union60 Month CD
1.86%$500-Space Coast Credit Union60 Month IRA CD (Traditional, Roth, CESA)
1.61%$500-Space Coast Credit Union54 Month CD
1.61%$500-Space Coast Credit Union54 Month IRA CD (Traditional, Roth, CESA)
Accounts mentioned in this post. Rates as of August 27, 2016.

Space Coast Credit Union has become one of the largest credit unions in Florida. For those looking for a competitive long-term CD rates, Space Coast Credit Union has a few good deals. The two best ones are a 5-year CD with a 2.17% APY and a 54-month CD with a 2.02% APY. These are also available as IRA CDs. Minimum deposit is $500. These rates are listed at the credit union CD rates page as of 10/11/2011. Slightly higher rates are possible with the credit union's members rewards program.

The size of the credit union is also apparent from its field of membership. Most all of Florida's east coast and part of the Tampa metro area can qualify for membership. Credit union membership is open to all who work or live in any of the following Florida counties: Brevard, Broward, Clay, Duval, Flagler, Hillsborough, Indian River, Martin, Miami-Dade, Monroe, Nassau, Orange, Osceola, Palm Beach, Pinellas, Seminole, St. Johns, St. Lucie, and Volusia. Please refer to the Who Can Join page for more details.

In June 2009, the NCUA then arranged for Eastern Financial Credit Union to be merged into Space Coast Credit Union. This expanded Space Coast to include South Florida and the Tampa area.

Space Coast Credit Union branches are located from Miami to Jacksonville on Florida's east coast. There are also several branches in and around Tampa.

The credit union has an overall health score at DepositAccounts.com of 3 stars (out of 5) with a Texas Ratio of 38.78% (below average) based on June 2011 data. Please refer to our financial overview of Space Coast Credit Union for more details. The credit union is federally insured by the NCUA (Charter # 67297).

How These CD Rates Compare

If you're looking for decent CD rates in Florida, you know it's not easy. There are a few Florida credit unions with slightly higher 5-year CD rates. Two examples include Tropical Financial Credit Union with a 2.25% APY 5-year CD and People's Alliance Credit Union with a 2.24% APY 5-year CD. Both of these are located in Southeast Florida. As I described in May, one nice thing about People's Alliance is its small early withdrawal penalty.

The highest 5-year CD rate at an all-access credit union is 2.75% APY (2.85% for $100K) at Firstmark Credit Union (as of 10/10/2011). You can get 2.86% APY at Digital Credit Union, but this requires a relationship checking account.

For banks, 5Star Bank's 5-year CD rate of 2.25% APY is currently the highest for nationally available 5-year CDs.

These rates are accurate as of 10/11/2011.

Searching for Top CD Rates

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

Comments
2.25% 7-Month CD Continues at Eastern Financial Florida CU (Division of SCCU) - Local Only
Update 10/17/09: The 7-month CD special is no longer listed at the credit union's website.

Eastern Financial Florida Credit Union (which is now a division of Space Coast CU) continues to offer a special 2.25% APY 7-month CD. Minimum deposit is $500, and new funds are required. It's also available in an IRA. This special is listed at the credit union's promotions page as of 10/07/09.

I last last reported on this special in July. Eastern Financial Florida CU was placed into NCUA conservatorship in April due to problems with several large...



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3.40% 13-Month CD at Eastern Financial Florida Credit Union
Update 1/24/09: The 13-month CD rate has fallen to 3.25% APY. Please check the credit union's website for the latest rates.

Eastern Financial Florida Credit Union is offering a special 13-month certificate with a 3.40% APY. Minimum deposit is $500. It's available as both a regular and IRA certificate. The rate is listed on the credit union's home page and in this promotion page as of 1/19/2009.

The credit union also has a reward checking account that pays 4.05% APY on balances up to $25,000 (see post).

Membership is open to those who...





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4.50% 11-Month CD at a Florida CU (Space Coast)
Space Coast Credit Union is offering a 4.50% APY 11-month certificate. The minimum deposit is $500, and the maximum is $100,000. An active checking account is required which requires a minimum 4 purchase transactions or checks per month or direct deposit of at least $500 per month. Without an active checking account, the 11-month yield drops to 4.00% APY. This CD special doesn't seem to be listed at the credit union's website. It was advertised in today's Treasure Coast Newspaper. The ad is available online here.

Membership is open to anyone...

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2.68% Reward Checking Account at a South Florida CU (Eastern Financial Florida)
Update 11/09/09: The top yield has fallen to 2.68% APY. See bottom of the post for the rate history.

Eastern Financial Florida Credit Union is offering a reward checking account that pays 2.68% APY on balances up to $25,000 (0.50% for over) and refunds ATM fees (up to $20/month) if the following monthly requirements are met: 1) 12 debit card purchases, 2) one direct deposit or an electronic automatic transaction, and 3) receive e-statements. If these are not met, the rate falls to 0%. There are no monthly service charge. One...

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5.35% 7-Month CD at a Florida CU Continues (Space Coast)
Space Coast Credit Union continues to offer a special 5.35% APY 7-month certificate of deposit. The minimum deposit is $500, and the maximum is $100,000. Money must be new to the credit union. This CD is also available as an IRA and as a business account.

In September I had reported on a 5.55% 5-month CD in addition to this 7-month special that this credit union was advertising. Unfortunately, the 5-month special has ended.

Membership is open to anyone living or working in Brevard, Volusia, Flagler, Indian River or Osceola counties. Please...



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