VyStar Credit Union (FL/GA) Has Competitive Long-Term CDs


Deal Summary: CDs – 60-month, 1.30% APY ($50k) and 1.20% APY ($500); 48-month, 1.20% APY ($50k) and 1.10% APY ($500).

Availability: Residents of 49 North and Central Florida counties and four Southeast Georgia counties.

This VyStar Credit Union (VyStar) blog post was originally scheduled to be published yesterday, but the one-day delay actually worked out for the better: CD rates were lowered by a uniform 10 bps on Wednesday. The most competitive CDs currently offered by VyStar are the 60-month and the 48-month. While all VyStar CDs have four deposit levels ($500, $10k, $25k, and $50k) listed, there are only two APYs offered. Deposits of $50k+ offer an APY 10 bps higher than deposits of less than $50k.

3.60*%$50k-VyStar Credit Union48 Month CD
OTHER TIERS: 3.50% $500 - $50k
3.50*%$50k-VyStar Credit Union60 Month CD
OTHER TIERS: 3.40% $500 - $50k
Rates as of April 16, 2024.

All VyStar CDs are also available as IRA CDs (Traditional, Roth, CESA, SEP), earning the same tiered APYs based on the same deposit requirements.

As stated in the Certificate Account Rates page, the Early Withdrawal Penalty reads as follows:

We may impose a penalty if certificate funds other than dividends are withdrawn prior to the maturity date. The penalty will be a loss of 365 days dividends if the certificate term is 37 months or greater.

Dividends will be credited monthly to the CD or to any designated VyStar deposit account.


Headquartered in Jacksonville, Florida, VyStar Credit Union’s field of membership (FOM) is residency based, with US citizens/resident aliens (18 years or older) who live or work in any of 49 North and Central Florida counties or four southeast Georgia counties eligible to join.

Florida counties – Alachua, Baker, Bay, Bradford, Brevard, Calhoun, Citrus, Clay, Columbia, Dixie, Duval, Escambia, Flagler, Franklin, Gadsden, Gilchrist, Gulf, Hernando, Hamilton, Hillsborough, Holmes, Jackson, Jefferson, Lafayette, Lake, Leon, Levy, Liberty, Madison, Marion, Nassau, Okaloosa, Orange, Osceola, Pasco, Pinellas, Polk, Putnam, Santa Rosa, Seminole, St. Johns, Sumter, Suwannee, Taylor, Union, Volusia, Walton, Wakulla, and Washington.

Georgia counties – Camden, Charlton, Glynn, and Ware.

Joining VyStar and/or opening a CD can be done online, or at any of 70 branches located in the Florida counties of Alachua (5), Baker, Bradford, Clay (10), Columbia, Duval (28), Flagler, Marion, Nassau (5), Putnam, St. Johns (5), Seminole (2), Sumter, Taylor (2), and Volusia (5).

According to the Branch Status page.

Most branch lobbies and drive-thru lanes are open for all transactions. Please view our Locations for an updated list. We will continue to adhere to social distancing guidelines by limiting the number of visitors allowed in a branch at any one time. Even though appointments are not required to visit the branch lobby, we encourage you to continue to utilize our drive-thru and ATM options.

A savings account with a $5 minimum deposit is required for VyStar membership.

VyStar’s surcharge-free network expands ATM access for members to include more than 20,000 ATMs nationwide at Target, Costco, Speedway, Daily’s, CVS, and Walgreens.

Credit Union Overview

VyStar Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 2.95% (excellent) based on June 30, 2020 data. In the past year, VyStar has increased its total non-brokered assets by $1.82 billion, an excellent annual growth rate of 29.16%. Please refer to our financial overview of VyStar Credit Union (NCUA Charter # 68490) for more details.

With more than 721,000 members and assets in excess of $9.5 billion, VyStar Credit Union is currently Florida’s second largest credit and the 18th largest credit union in the country. VyStar was founded in 1952 and originally known as Jax Navy Federal Credit Union (Jax Navy), serving civil service and military employees at Naval Air Station Jacksonville. By the end of first year of operation, the membership had grown from the 12 founding members with $60 in deposits to 1,100 members with more than $28k in assets.

In 2001, Jax Navy converted to a state charter and became Florida’s largest state-chartered financial institution. FOM expansion began in 2002, with the addition of Baker, Clay, Duval, Nassau, and St. Johns Counties. The VyStar rebrand occurred on the credit union’s 50th anniversary, prompting by the new charter and the changing membership. Organic growth continued for the next 16 years, culminating in the significant addition of 27 Florida counties and four Georgia counties, more than doubling the number of counties. According to a CUInsight 2019 article,

VyStar Credit Union announced it has signed an Agreement and Plan of Merger to acquire Citizens State Bank (CSB), a Florida state-chartered bank headquartered in Perry, Florida, with over $280 million in assets. Established in 1958, CSB has four locations: two branches in Gainesville, and branches in Perry and Steinhatchee, Florida.

“The CSB acquisition and our recent field of membership expansions are significant milestones in our vision to bring credit union services to more people,” says VyStar President/CEO, Brian Wolfburg. “VyStar’s growth over the past 65 years has been organic, and that has served us well. Now, our recent expansions are taking VyStar into new markets, making it necessary to consider mergers/acquisitions to more efficiently serve these new markets.”

How the CDs Compare

When compared to the similar length-of-term CDs tracked by DepositAccounts.com that require an opening deposit of at least $50k and are available within the FOM, VyStar Credit Union's 60-month CD top APY currently ranks third.

When compared to the similar length-of-term CDs tracked by DepositAccounts.com that require an opening deposit of at least $50k and are available within the FOM, VyStar Credit Union's 48-month CD top APY currently ranks third.

The above rates are accurate as of 10/22/2020.

To look for the best CD rates, either nationwide or state-specific, please refer to our CD Rates Table page.

Related Pages: Savannah banks, Atlanta banks, Tallahassee banks, Orlando banks, Jacksonville banks, Gainesville banks, nationwide deals

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