Florida

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Credit Union CD Rates Oakland Park, Florida

You are viewing rates from credit unions across Oakland Park

 

Below are the best one year CD Rates from credit unions in Oakland Park, Florida. One year CDs are usually the most popular term and offer a decent yield without having to lock-up money for an extended period of time. One year CD Rates are generally comparable to or a little higher than their savings and money market counterparts.

Oakland Park, FL - July 2, 2025

1 Year CD National Average : 0.55% ?

Credit Unions APY MIN MILES ?

| Apr 13, 2020

OMG! The worst. If you want to take your money out it is very difficult. Even though the IRS doesn't require anyone to tell why they are taking money out unless it is more than $10k these people will n... Read More

Rate History: 4.39% → 4.59% → 5.01%

| Nov 30, 2020

I will never do business with grow again. Very dissatisfied as a client. Read More

Rate History: 4.86% → 4.81% → 4.71%

Rate History: 3.80% → 4.50%

Rate History: 2.27% → 5.38% → 4.33%

| Aug 15, 2019

I applied for a jumbo CD account over two weeks ago. They asked me for more documentation than my mortgage company did and then they did a hard credit pull. They advertise fast and simple they are simply n... Read More

Rate History: 4.90% → 5.12% → 4.80% → 4.75% → 4.28%

| Feb 6, 2023

Everyone was very friendly and helpful. Read More

Rate History: 4.85% → 4.59% → 4.64% → 4.54% → 4.26%

| Sep 30, 2016

what the rate on 5 years cd if your a elite member Read More

Rate History: 4.50% → 2.70% → 4.55% → 4.40% → 4.25%

Rate History: 5.35% → 4.75% → 4.85% → 4.20%

Rate History: 4.40% → 4.50% → 3.25% → 3.00% → 4.20%

Rate History: 5.25% → 6.00% → 5.25% → 4.75% → 4.20%

| Jan 12, 2022

I did a signature loan to pay off two credit cards in December 2021 of $10,000 @ 10.75 % Then 30 days later in January 2022 Suncoast offers its members to pay off your credit cards @ 5.9 % That did not s... Read More

Rate History: 2.25% → 4.00% → 3.50% → 4.15%

Rate History: 4.60% → 4.25% → 4.15%

| Jun 12, 2017

five star......great location...fast service Read More

Rate History: 4.85% → 4.75% → 4.35% → 4.15% → 4.05%

| Feb 25, 2023

HORRIBLE SERVICE. My son's campus checking account was hacked and over $9000 was stolen. Fraud department was impossible to reach and we waited on phone several days for over 2 hours at a time. They too... Read More

Rate History: 3.80% → 4.00% → 3.90%

| Aug 8, 2023

The mobile banking issues happened during a planned conversion to a new platform. VyStar said all funds are secure. The bank is using local banking tech firm Nymbus to launch the new platform electing it a... Read More

Rate History: 4.80% → 4.65% → 4.10% → 3.85%

Rate History: 4.85% → 4.70% → 3.85%

Rate History: 5.40% → 3.95% → 3.80%

Rate History: 0.80% → 5.10% → 4.32% → 3.80%

Rate History: 5.00% → 3.75% → 4.25% → 4.05% → 3.75%

Rate History: 4.95% → 4.75% → 4.45% → 4.25% → 3.65%

Rate History: 3.14% → 3.97% → 3.77% → 3.71% → 3.60%

| Jun 22, 2023

BrightStar is great with members. The CD rate for 13 months is 4.75%! Read More

Rate History: 5.00% → 4.80% → 4.65% → 4.52% → 3.50%

Rate History: 5.15% → 3.60% → 3.45%

Rate History: 2.75% → 2.75% → 3.10%

| Oct 17, 2018

This was a great credit union when it was Florida Telco. They have lost all their former great customer service. Trying care about their members anymore.... It's just like a bank Read More

| Jul 7, 2019

wrong rate! Read More

2.53%

2.27%

$25,000

$2,000

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| Jan 18, 2022

Need to see form for wiring money from another state to Panama City Florida USA Read More

| Apr 13, 2021

Please don't use Pen Air Federal Credit Union for a variety of reasons. The security system isn't set up with fraud in mind. The IRS deposited money into my child's account that wasn't intended for the mem... Read More

Rate History: 4.75% → 4.30% → 4.25% → 4.00% → 2.28%

Rate History: 1.60% → 2.03%

Rate History: 3.50% → 4.00% → 3.70% → 3.60% → 1.65%

Rate History: 1.25% → 1.50%

| Feb 4, 2020

This is false advertising. The actual apy is 2.5º\º Read More

1.00%

$10,000

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0.90%

$100,000

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0.85%

$10,000

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0.80%

$10,000

-

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0.77%

$10,000

-

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0.75%

$10,000

-

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0.75%

$10,000

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0.75%

$100,000

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0.72%

$10,000

-

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0.70%

$10,000

-

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0.70%

$10,000

-

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0.65%

$10,000

-

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0.65%

$100,000

-

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0.65%

$10,000

-

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0.65%

$10,000

-

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0.65%

$10,000

-

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0.65%

$10,000

-

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0.64%

$100,000

-

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0.60%

$10,000

-

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0.60%

$10,000

-

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0.60%

$10,000

-

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0.60%

$100,000

-

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0.60%

$10,000

-

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0.60%

$10,000

-

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0.55%

$100,000

-

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0.55%

$10,000

-

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0.55%

$10,000

-

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0.55%

$10,000

-

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0.55%

$10,000

-

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0.55%

$500

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0.51%

$10,000

-

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0.50%

$10,000

-

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0.50%

$10,000

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0.50%

$100,000

-

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| Dec 28, 2022

Commerical branch is terrible. Their overdraft fees are terrible and good luck getting anyone to cut you a break. Read More

0.50%

$100,000

-

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0.50%

$100,000

-

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0.50%

$10,000

-

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0.45%

$1,000

-

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0.45%

$10,000

-

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0.45%

$10,000

-

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| Feb 20, 2021

I have had an account here for many years. The company they have servicing their credit cards engages in disreputable business practices regarding chargebacks. They no longer answer their phone, insistin... Read More

0.45%

$10,000

-

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0.41%

$10,000

-

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0.40%

$10,000

-

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0.40%

$10,000

-

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0.40%

$50,000

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0.40%

$10,000

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| Dec 28, 2022

Commerical branch is terrible. Their overdraft fees are terrible and good luck getting anyone to cut you a break. Read More

0.40%

$10,000

-

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0.35%

$25,000

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0.35%

$10,000

-

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0.31%

$10,000

-

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0.30%

$10,000

-

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0.30%

$10,000

-

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0.30%

$10,000

-

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0.30%

$10,000

-

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0.30%

$10,000

-

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0.25%

$10,000

-

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0.25%

$10,000

-

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0.20%

$10,000

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0.15%

$10,000

-

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Edu


Restrictions

0.10%

$500

-

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All rates listed are Annual Percentage Yield (APY). The Min listed is the minimum deposit account balance required to obtain the rate listed.

Branches Info around zip 10007


Branch Street City State
WE FLORIDA FINANCIAL
Margate Margate Branch
1982 N State Road 7 Margate FL
GROW FINANCIAL
Headquarters Headquarters Branch
9927 Delaney Lake Dr Tampa FL
COMMUNITY FIRST CREDIT UNION OF FLO
Headquarters Headquarters Branch
637 N Lee St Jacksonville FL
COMMUNITY CREDIT UNION OF FLORIDA
Main Main Branch
1030 US Highway 1 Rockledge FL
COMMUNITY FIRST CREDIT UNION OF FLO
Headquarters Headquarters Branch
637 N Lee St Jacksonville FL
COMMUNITY FIRST CREDIT UNION OF FLO
Headquarters Headquarters Branch
637 N Lee St Jacksonville FL
EGLIN
Eglin Federal Credit Union Eglin Federal Credit Union Branch
838 Eglin Pkwy NE Fort Walton Beach FL
GTE
Headquarters Headquarters Branch
711 E Henderson Ave Tampa FL
COMMUNITY FIRST CREDIT UNION OF FLO
Headquarters Headquarters Branch
637 N Lee St Jacksonville FL
ALL IN
Defuniak Springs Defuniak Springs Branch
1421 US Highway 331 S Defuniak Springs FL
NORTHROP GRUMMAN
St Augustine St Augustine Branch
5000 US Highway 1 N St Augustine FL
SPACE COAST
Space Coast Credit Union-melbourne Branch Space Coast Credit Union-melbourne Branch
20 S Wickham Rd Melbourne FL
FIRST COMMERCE
Mahan Financial Center Mahan Financial Center Branch
2330 Mahan Dr Tallahassee FL
TAMPA BAY
Ybor Heights Service Center Ybor Heights Service Center Branch
3815 N Nebraska Ave Tampa FL
ACHIEVA CREDIT UNION
Eastlake Eastlake Branch
3446 E Lake Rd Palm Harbor FL
SUNCOAST
Corporate Headquarters Main Office (br 01) Corporate Headquarters Main Office (br 01) Branch
6801 E Hillsborough Ave Tampa FL
TROPICAL FINANCIAL
Tropical Financial Credit Union Tropical Financial Credit Union Branch
3050 Corporate Way Miramar FL
AMERICAN AIRLINES
Aafcu - Fll Aafcu - Fll Branch
1100 Lee Wagener Blvd Ste 101 Fort Lauderdale FL
ACHIEVA CREDIT UNION
Eastlake Eastlake Branch
3446 E Lake Rd Palm Harbor FL
NORTHROP GRUMMAN
St Augustine St Augustine Branch
5000 US Highway 1 N St Augustine FL
GTE
Headquarters Headquarters Branch
711 E Henderson Ave Tampa FL
NAVY FEDERAL CREDIT UNION
Altamonte Springs Altamonte Springs Branch
955 W State Road 436 Altamonte Springs FL
NAVY FEDERAL CREDIT UNION
Altamonte Springs Altamonte Springs Branch
955 W State Road 436 Altamonte Springs FL
SUNCOAST
Corporate Headquarters Main Office (br 01) Corporate Headquarters Main Office (br 01) Branch
6801 E Hillsborough Ave Tampa FL
AMERICAN AIRLINES
Aafcu - Fll Aafcu - Fll Branch
1100 Lee Wagener Blvd Ste 101 Fort Lauderdale FL
VYSTAR
103rd Street 103rd Street Branch
7795 103rd St Jacksonville FL
INSIGHT
Maitland Maitland Branch
480 S Keller RD Orlando FL
PARTNERS
Disney University Branch Disney University Branch
1375 E Buena Vista Dr # DU Lake Buena Vista FL
ALL IN
Defuniak Springs Defuniak Springs Branch
1421 US Highway 331 S Defuniak Springs FL
WINGS FINANCIAL
Orlando Orlando Branch
9647 Tradeport Dr Orlando FL
VYSTAR
103rd Street 103rd Street Branch
7795 103rd St Jacksonville FL
COMMUNITY SOUTH
Chipley-main Chipley-main Branch
1044 Highway 90 Chipley FL
VELOCITY COMMUNITY
Main Office Main Office Branch
2801 PGA BLVD STE 120 PALM BEACH GARDENS FL
INSIGHT
Maitland Maitland Branch
480 S Keller RD Orlando FL
WE FLORIDA FINANCIAL
Margate Margate Branch
1982 N State Road 7 Margate FL
VELOCITY COMMUNITY
Main Office Main Office Branch
2801 PGA BLVD STE 120 PALM BEACH GARDENS FL
TRAX
Temple Terrace Temple Terrace Branch
12125 N 56th St Temple Terrace FL
ENVISION
Main Office Main Office Branch
440 N MONROE ST Tallahassee FL
EDUCATIONAL
Kendall Kendall Branch
7800 SW 117th Ave Miami FL
BRIGHTSTAR
Brighstar Credit Union Brighstar Credit Union Branch
5901 Del Lago Cir Sunrise FL
EDUCATIONAL
Kendall Kendall Branch
7800 SW 117th Ave Miami FL
USF FEDERAL CREDIT UNION
Main Main Branch
13302 Usf Palm Dr Tampa FL
LAKE MICHIGAN
Lake Michigan Credit Union Lake Michigan Credit Union Branch
8635 Collier Blvd Naples FL
FLORIDA
Fort Clarke Fort Clarke Branch
1615 NW 80th Blvd Gainesville FL
PUBLIX EMPLOYEES
Publix Employees Federal Credit Union Publix Employees Federal Credit Union Branch
3005 New Tampa Hwy Lakeland FL
PARTNERS
Disney University Branch Disney University Branch
1375 E Buena Vista Dr # DU Lake Buena Vista FL
PUBLIX EMPLOYEES
Publix Employees Federal Credit Union Publix Employees Federal Credit Union Branch
3005 New Tampa Hwy Lakeland FL
LOYALTY
W Street W Street Branch
6200 N W St Pensacola FL
121 FINANCIAL
Touchton Touchton Branch
9700 Touchton Rd Jacksonville FL
RADIFI
Main Branch - Park Street Main Branch - Park Street
562 Park St Jacksonville FL
RADIFI
Main Branch - Park Street Main Branch - Park Street
562 Park St Jacksonville FL
FIRST FLORIDA
Jacksonville Downtown Branch Jacksonville Downtown Branch
500 W 1st St Jacksonville FL
RADIFI
Main Branch - Park Street Main Branch - Park Street
562 Park St Jacksonville FL
RADIFI
Main Branch - Park Street Main Branch - Park Street
562 Park St Jacksonville FL
RADIFI
Main Branch - Park Street Main Branch - Park Street
562 Park St Jacksonville FL
CAMPUS USA
Corporate Headquarters Corporate Headquarters Branch
14007 NW 1st Rd Jonesville FL
TYNDALL
Operations Center Operations Center Branch
3109 Minnesota Ave Panama City FL
PEN AIR
Nine Mile Road Nine Mile Road Branch
1495 E Nine Mile Rd Pensacola FL
ITHINK FINANCIAL
Boca Raton Boca Raton Branch
790 Park of Commerce Blvd Boca Raton FL
CAMPUS USA
Corporate Headquarters Corporate Headquarters Branch
14007 NW 1st Rd Jonesville FL
ITHINK FINANCIAL
Boca Raton Boca Raton Branch
790 Park of Commerce Blvd Boca Raton FL
FAIRWINDS
Altamonte Springs Altamonte Springs Branch
150 Cranes Roost Blvd Ste 1230 Altamonte Springs FL
MCCOY
Mccoy Federal Credit Union Mccoy Federal Credit Union Branch
1900 McCoy Rd Orlando FL
MCCOY
Mccoy Federal Credit Union Mccoy Federal Credit Union Branch
1900 McCoy Rd Orlando FL
MCCOY
Mccoy Federal Credit Union Mccoy Federal Credit Union Branch
1900 McCoy Rd Orlando FL
WINGS FINANCIAL
Orlando Orlando Branch
9647 Tradeport Dr Orlando FL
BAXTER
Kendall Kendall Branch
11800 SW 147th Ave Miami FL
MCCOY
Mccoy Federal Credit Union Mccoy Federal Credit Union Branch
1900 McCoy Rd Orlando FL
WINGS FINANCIAL
Orlando Orlando Branch
9647 Tradeport Dr Orlando FL
MIDFLORIDA
21-arcadia 21-arcadia Branch
128 S Brevard Ave Arcadia FL
JAX FIRE
Jax. Firemen's Credit Union Jax. Firemen's Credit Union Branch
2205 Haines St Jacksonville FL
FIRST CHOICE
Main Office Main Office Branch
1055 S Congress Ave West Palm Beach FL
CITY & POLICE
Operations Center Operations Center Branch
4675 Sunbeam Rd Jacksonville FL
MIAMI POSTAL SERVICE
Main Office Main Office Branch
2190 NW 72nd Ave Miami FL
ALIVE
Main Office Main Office Branch
9790 Touchton Rd Jacksonville FL
PLATINUM
Orlando Branch Orlando Branch
7041 Grand National Dr Ste 201 Orlando FL
TOGETHER
Tampa Tampa Branch
3209 E Busch Blvd Tampa FL
JM ASSOCIATES
Jacksonville Jacksonville Branch
8019 Bayberry Rd Jacksonville FL
PEOPLE'S ALLIANCE
Miami Miami Branch
5757 Blue Lagoon Dr Miami FL
DADE COUNTY
Main Office Main Office Branch
1500 NW 107th Ave Sweetwater FL
JM ASSOCIATES
Jacksonville Jacksonville Branch
8019 Bayberry Rd Jacksonville FL
FAITH CONNECTION
Florida Office Florida Office Branch
450 Martin L King Jr Ave Lakeland FL
ADVENTHEALTH
Fhcu-main Fhcu-main Branch
601 E Rollins St Orlando FL
MIAMI FIREFIGHTERS
Miami Firefighters Federal Credit Union Miami Firefighters Federal Credit Union Branch
1111 NW 7th St Miami FL
FIRST CHOICE
Main Office Main Office Branch
1055 S Congress Ave West Palm Beach FL
GEICO
Lakeland Lakeland Branch
3535 W Pipkin Rd Lakeland FL
JACKSONVILLE POSTAL & PROFESSIONAL
Jacksonville Postal & Prof Jacksonville Postal & Prof Branch
1820 Rogero Rd jacksonville FL
COASTLINE
Soutside Soutside Branch
4651 Emerson St Jacksonville FL
OKALOOSA COUNTY TEACHERS
Okaloosa County Teachers Fcu Okaloosa County Teachers Fcu Branch
1126 N Ferdon Blvd Crestview FL
FLORIDA RURAL ELECTRIC
Main Office Main Office Branch
2916 Apalachee Pkwy Tallahassee FL
CORAL COMMUNITY
Coral Community Coral Community Branch
1930 NE 47th St Ste 120 Ft Lauderdale FL
MIAMI
Main Main Branch
51 SW 1st Ave Ste 604 Miami FL
EVERENCE
Sarasota Sarasota Branch
3407 Bahia Vista St Sarasota FL
FIRST COAST COMMUNITY
Main Office Main Office Branch
306 S Palm Ave Palatka FL
SANTA ROSA COUNTY
Main Office Main Office Branch
5909 Stewart St Milton FL
CONNECT CREDIT UNION
Main Office Main Office Branch
3400 W Commercial Blvd Fort lauderdale FL
SAN ANTONIO CITIZENS
Main - San Antonio Main - San Antonio Branch
12542 Curley St San Antonio FL
ADVENTHEALTH
Fhcu-main Fhcu-main Branch
601 E Rollins St Orlando FL
COASTLINE
Soutside Soutside Branch
4651 Emerson St Jacksonville FL
HARVESTERS
Corporate Office Corporate Office Branch
480 S Highway 29 Cantonment FL
MEMBERS FIRST CREDIT UNION OF FLORI
North Office North Office Branch
250 W Airport Blvd Pensacola FL
SUN
Main Office Main Office Branch
4205 Hollywood Blvd Hollywood FL
CONNECT CREDIT UNION
Main Office Main Office Branch
3400 W Commercial Blvd Fort lauderdale FL
EVERENCE
Sarasota Sarasota Branch
3407 Bahia Vista St Sarasota FL
LAW ENFORCEMENT & TECHNOLOGY
Miami Beach Miami Beach Branch
1100 Washington Ave Miami Beach FL
MIAMI
Main Main Branch
51 SW 1st Ave Ste 604 Miami FL
BROWARD HEALTHCARE
Main Office Main Office Branch
2350 W COMMERCIAL BLVD FORT LAUDERDALE FL
TRUGROCER
Orlando Orlando Branch
3305 Lake Breeze Dr Orlando FL
OCALA COMMUNITY
Main Office Main Office Branch
2675 SE 36th Ave Ocala FL
PANHANDLE EDUCATORS
Panhandle Educators Fcu Panhandle Educators Fcu Branch
2718 Martin Luther King Jr Blvd Panama City FL
SOUTH FLORIDA
Main Branch Main Branch
1902 NW 14th Ave Miami FL
GUARDIANS
Main Office Main Office Branch
3469 Summit Blvd West Palm Beach FL
COAST 2 COAST FINANCIAL
Main Office Main Office Branch
8916 Sabal Industrial Blvd Tampa FL
TRUGROCER
Orlando Orlando Branch
3305 Lake Breeze Dr Orlando FL
T M H
Main Office - Magnolia Main Office - Magnolia Branch
345 S Magnolia Dr Tallahassee FL
INNOVATIONS
Innovations Fcu Innovations Fcu Branch
910 Thomas Dr Panama City FL
GULF STATES
Gulf States Credit Union Gulf States Credit Union Branch
9405 S Us Highway 17/92 Maitland FL
PRIORITY ONE CREDIT UNION
Sunrise Branch Sunrise Branch
3000 N University Dr Sunrise FL
JETSTREAM
Corporate Office Corporate Office Branch
7900 Oak Ln Ste 300 Miami Lakes FL
BAPTIST HEALTH SOUTH FLORIDA
Administrative Office Administrative Office Branch
13200 SW 128th St Miami FL
LAW ENFORCEMENT & TECHNOLOGY
Miami Beach Miami Beach Branch
1100 Washington Ave Miami Beach FL
BROWARD HEALTHCARE
Main Office Main Office Branch
2350 W COMMERCIAL BLVD FORT LAUDERDALE FL
TAMPA POSTAL
Florida Ave. Office Florida Ave. Office Branch
15916 N Florida Ave Lutz FL
BAPTIST HEALTH SOUTH FLORIDA
Administrative Office Administrative Office Branch
13200 SW 128th St Miami FL
FL. DEPT. OF TRANSPORTATION`
Tallahassee Tallahassee Branch
640 E Gaines St Tallahassee FL
HELLO
Bay Credit Unnion Bay Credit Unnion Branch
103 S Tyndall Pkwy Panama City FL
UNIVERSITY
West Kendall Center West Kendall Center Branch
13241 SW 136th St MIAMI FL
CHAMPIONS FIRST
Main Main Branch
2806 Sharer Rd Tallahassee FL
FICARE
St Joseph's Hospital Fcu St Joseph's Hospital Fcu Branch
3001 W Dr Martin Luther King Jr Blvd Tampa FL
MY HEALTHCARE
My Healthcare Federal Credit Union My Healthcare Federal Credit Union Branch
4720 NW 39th Ave Gainesville FL
TALLAHASSEE COMMUNITY
Tallahassee Tallahassee Branch
216 W. College Avenue, Suite 203 Tallahassee FL
SUNSTATE
Gainesville Main Office Gainesville Main Office Branch
405 SE 2nd PL Gainesville FL
TRAX
Temple Terrace Temple Terrace Branch
12125 N 56th St Temple Terrace FL
OCALA COMMUNITY
Main Office Main Office Branch
2675 SE 36th Ave Ocala FL
TALLAHASSEE-LEON
Tallahassee Leon Federal Credit Union Tallahassee Leon Federal Credit Union Branch
2020 W Pensacola St Tallahassee FL
FLORIDACENTRAL
South Tampa South Tampa Branch
3333 Henderson Blvd Tampa FL
FLAG
Flag Credit Union Main Office Flag Credit Union Main Office Branch
3115 Conner Blvd Tallahassee FL
POWER FINANCIAL
Main Headquarters/sheridan Branch Main Headquarters/sheridan Branch
2020 NW 150th Ave Pembroke Pines FL
PRIORITY
Main Office Main Office Branch
301 E Michigan St Orlando FL


BestCashCow strives to maintain the most accurate rates. If you believe a rate is not accurate, please let us know.

PRODUCT INFORMATION

Credit Union One-Year Certificates of Deposit 2025

Credit union certificates of deposit (“CDs”, also commonly called “time deposits” at credit unions) are contract-based and time-based savings vehicles that are offered by credit unions. In return for agreeing to keep your money tied up with the credit union for a given time period (in the case of 1-year CDs, the period is obviously 1-year), you earn a fixed rate or return that cannot change over the course of that period. Should you need your money before the expiration of the contractual period, the penalties for early withdrawal can be severe. Not all credit unions even offer early withdrawal, and many that do maintain the right to deny it in their terms and conditions. It therefore is important to fully understand the terms of any time-based deposit that you enter with a credit union.

Many Americans enjoy performing their banking transactions with credit unions citing better rates, non-profit status (owned by its depositors), more helpful employees, and a commitment to the community that is above the level offered by local banks. You will find a map with all credit unions that are close to you here. It is important to note that some credit unions have limited fields of membership, although others are more open ended. Under any circumstance, you must meet the membership requirements in order to become a member and open a CD or time deposit.

Those who are willing to tie up their money for one year will often get a slight premium over the best available savings rates. People who work with credit unions may find that they offer better rates on 1-year CDs or time deposits than local banks and online banks. You however should check the local bank rates where you live here and the online rates here.

To understand all of the income generating options available to a saver, please view the  Income Generating Investments Comparison Chart.

NCUA Insurance

Most, but not all, credit unions listed on BestCashCow are insured by the National Credit Union Administration (NCUA). You should confirm that the credit union that you are working with is NCUA-insured by visiting that institution’s BestCashCow page (NCUA coverage is detailed on the overview tab). The NCUA insures each named individual's deposits to $250,000 for all accounts at the credit union within ownership class. The rules are very similar, but not identical, to those for FDIC insurance. You should always stay within NCUA insurance limits.

BestCashCow strongly recommends that you deposit money only in NCUA insured credit unions and that you stay within insured limits. If you are considering depositing over $250,000 at a single NCUA-insured credit union across products (share certificates, time deposits, etc.) or across types of ownership (individual, joint, etc.) you should use the NCUA’s  Share Insurance Toolkit in order to be sure that you are not exceeding coverage limits.

FREQUENTLY ASKED QUESTIONS ABOUT CREDIT UNIONS

Is my money any less safe at a credit union?

As long as your credit union is NCUA insured and you stay within the NCUA limits, As long as your credit union is NCUA insured and you stay within the NCUA limits, your money is no less safe than it would be in an FDIC-insured bank.

Is there any difference between a time deposit offered by a credit union and a CD account offered by a bank?

The difference is mainly one of terminology. But, you should always completely understand the terms of a time deposit or CD before you enter it, paying careful attention to the early withdrawal penalties. A reasonable early withdrawal penalty for a 1-year time deposit is 3 months.

Does the small amount of interest gained on a time deposit make sense given the fact that I am losing access to my capital (liquidity)?

This is a decision that depends on your own specific circumstances, your needs for cash, and other investments that you may wish to pursue over the next 12 months (or the period of your time deposit or CD). The premium in a one-year CD is very small, however, a small difference in compounding interest can make a large difference over long period of time. You may wish to familiarize yourself with our Savings Booster Calculator in order to understand the importance of compounding interest at higher rates on your money over time.

SAVINGS & CD CALCULATOR

Find out how much extra money you can earn by moving your bank money into an account that pays more.

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