University First CU (UT) Raises Rate On 60-month CD


Availability: Salt Lake County, Utah

University First Credit Union (University First CU) is offering a 60-month Certificate (2.30% APY). In its 5-year history, the 60-month Certificate has had over 20 rates changes, with the current APY being the highest rate during that time frame. The minimum opening deposit is $1k, with no balance cap.

2.40%$500-University First Federal Credit Union60 Month IRA
2.30%$1k-University First Federal Credit Union60 Month CD
Accounts mentioned in this post. Rates as of October 20, 2016.

The 60-month Certificate is also available as an IRA (Traditional), but at a slightly higher APY of 2.40% and a lower minimum deposit of $500.

60-month One-Time Bump Certificate

University First CU also has a 60-month One-Time Bump Certificate (2.25% APY) that has been part of the product line for less than one month.

Bump option can be applied only once during the term. Bump option pertains to the
prevailing UFCU term deposit rate and will be in effect for the remainder of the term only.
2.25%$1k-University First Federal Credit Union60 Month One-Time Bump Certificate
Accounts mentioned in this post. Rates as of October 20, 2016.

As stated in University First CU’s Disclosures page, the Early Withdrawal Penalty reads as follows:

If there are withdrawals from a certificate prior to the maturity date, the account holder
shall forfeit one hundred and eighty (180) days dividend on certificate maturities of more
than 12 months (or such lesser amount as may hereafter be required by applicable laws
or regulations) on the amount withdrawn at the rate being paid in the account, regardless
of the length of time the funds withdrawn have remained in the account.


Headquartered in Salt Lake City, University First Credit Union offers membership to individuals who live, work, worship, attend school, or volunteer in Salt Lake County, Utah.

Additionally, immediate family members of current University First CU members qualify for membership. "Immediate family member" in this instance is defined as "spouse, child, sibling, parent, grandparent, or grandchild. This includes stepparents, stepchildren, stepsiblings, and adoptive relationships."

Joining University First CU and/or opening a CD can be done online, or in-person at any of 17 Utah branches located in Bountiful (2), Cottonwood Heights, Draper, Holladay, Riverton, Salt Lake City (7), Sandy, West Jordan (2), and West Valley City.

Credit Union Overview

University First Credit Union (NCUA Charter # 24710) has an overall health grade of "A+" at, with a Texas ratio of 2.91% (excellent) based on December 31, 2015 data. In the past year, University First CU has increased its total deposits by $60.91 million, an excellent annual growth rate of 9.8%. Please refer to our financial overview of University First Credit Union for more details.

University First Credit Union was established in July 1956 by a small group of professors at the University of Utah. The original field of membership covered all University of Utah employees, but was later expanded to include the University’s alumni and students. In 2004, the charter was changed to a community charter. Today, University First CU is the 5th largest credit union in Utah, with more than 84,400 members and assets in excess of $771 million.

How the CDs Compare

When compared to the 168 similar length of term CDs tracked by that available to residents of Salt Lake City metro area, University First Credit Union's 60-month Certificate currently ranks third.

The above rates are accurate as of 5/9/2016.

To look for the best CD rates, both nationwide and in your state, please refer to our CD rates table, or our new Rates Map page.