Florida

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Credit Union CD Rates – 2-Year – Florida

You are viewing rates from credit unions across Florida

 

Below are two year Certificates of Deposit (CD) rates from credit unions located in Florida. Two year CDs generally offer a higher rate than 1 year CDs but require a longer commitment. Depending on the economy, longer term CDs may or may not offer more premium as the term increases. If you expect rates on credit union and bank products to drop, can afford to lock the money away, and feel you are receiving enough premium for the time commitment, then longer-term CDs may be appropriate.

FL - November 2, 2024

2 Year CD National Average : 0.66% ?

Credit Unions APY MIN MILES ?

Rate History: 5.51% → 5.58%

Rate History: 3.65% → 5.00%

| 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: 5.35% → 5.25% → 5.00% → 2.38% → 4.75%

Rate History: 4.44% → 4.70%

| Nov 30, 2020

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

Rate History: 3.76% → 4.18% → 4.23% → 4.44% → 4.54%

| Feb 6, 2023

Everyone was very friendly and helpful. Read More

Campus Usa
Restrictions

4.50%

2.78%

$25,000

$2,000

-

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Rate History: 4.65% → 4.45% → 4.30%

Rate History: 4.59% → 4.51% → 4.25% → 4.30% → 4.19%

Rate History: 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: 3.90% → 3.75% → 3.85% → 4.05% → 4.00%

| 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: 4.10% → 4.00%

| 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: 4.20% → 4.00%

| Dec 25, 2023

I joined in PENFED in Spring Of 2023 after 15 yrs of belonging to one of the banking giants. I found my accounts dwindling fast unexplained decreases. I decided to close the account but had to return a mer... Read More

| Jun 22, 2023

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

| Sep 30, 2016

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

Rate History: 4.33% → 3.81% → 3.76%

| 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: 3.45% → 4.07% → 3.82% → 3.76% → 3.71%

Rate History: 4.81% → 4.50% → 4.29% → 4.18% → 3.67%

| Dec 30, 2018

Best financial institution in NC. Highest rates on savings and is involved with helping their customers and the communities they operate in. Read More

Rate History: 4.10% → 4.55% → 3.55%

Rate History: 1.11% → 4.32% → 3.55%

Rate History: 4.50% → 4.40% → 3.60% → 3.50%

Rate History: 2.45% → 3.40% → 4.00% → 3.49%

Rate History: 3.70% → 3.40%

| 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

| Jun 12, 2017

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

Rate History: 2.90% → 2.70% → 4.75% → 2.90%

Rate History: 2.90% → 2.80%

| Jan 18, 2022

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

| May 12, 2016

19 what, years or months 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: 2.65% → 2.85% → 2.90% → 2.65%

Educational
Restrictions

2.58%

2.53%

$100,000

$1,000

-

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Rate History: 5.00% → 2.50%

Mccoy
Restrictions

2.43%

2.32%
2.22%
2.12%

$100,000

$25,000
$5,000
$1,000

-

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| Oct 7, 2023

Have a problem that ICan not find an answer to in DFCU Financial. Trying to change info from USMail to Internet. They ask for my account number and the only thing I can find is onPurshing note. It is, H25... Read More

Rate History: 1.75% → 2.00% → 2.25% → 2.15%

| Feb 4, 2020

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

Rate History: 2.78% → 3.04% → 2.53% → 2.27% → 2.02%

Wings Financial
Restrictions

1.81%

1.76%
1.71%
1.66%

$250,000

$100,000
$10,000
$500

-

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1.11%

$10,000

-

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City & Police
Restrictions

0.99%

$10,000

-

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People's Alliance
Restrictions

0.90%

$10,000

-

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Platinum
Restrictions

0.90%

$10,000

-

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Harvesters
Restrictions

0.90%

$10,000

-

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Country Financial
Restrictions

0.90%

$10,000

-

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Together
Restrictions

0.90%

$10,000

-

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| Jul 7, 2019

wrong rate! Read More

Alive
Restrictions

0.87%

$10,000

-

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Jm Associates
Restrictions

0.85%

$100,000

-

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Innovations
Restrictions

0.85%

$10,000

-

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Geico
Restrictions

0.80%

$10,000

-

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Jm Associates
Restrictions

0.80%

$10,000

-

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0.80%

$10,000

-

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0.80%

$10,000

-

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Santa Rosa County
Restrictions

0.80%

$10,000

-

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Rate History: 0.80% → 0.75%

0.75%

$10,000

-

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0.75%

$10,000

-

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0.75%

$10,000

-

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0.75%

$500

-

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Coastline
Restrictions

0.74%

$100,000

-

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0.70%

$10,000

-

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Everence
Restrictions

0.70%

$100,000

-

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0.70%

$10,000

-

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Trugrocer
Restrictions

0.70%

$100,000

-

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0.70%

$10,000

-

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0.70%

$10,000

-

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Sun
Restrictions

0.66%

$100,000

-

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0.65%

$100,000

-

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0.65%

$10,000

-

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Trugrocer
Restrictions

0.65%

$10,000

-

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0.65%

$50,000

-

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Adventhealth
Restrictions

0.65%

$100,000

-

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Ocala Community
Restrictions

0.65%

$100,000

-

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Gulf States
Restrictions

0.61%

$10,000

-

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Sun
Restrictions

0.61%

$10,000

-

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0.60%

$10,000

-

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Jetstream
Restrictions

0.60%

$10,000

-

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United Police
Restrictions

0.60%

$100,000

-

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Everence
Restrictions

0.60%

$10,000

-

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Coastline
Restrictions

0.60%

$10,000

-

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0.55%

$25,000

-

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United Police
Restrictions

0.55%

$10,000

-

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0.55%

$10,000

-

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Adventhealth
Restrictions

0.55%

$10,000

-

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0.55%

$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

| Dec 28, 2022

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

Tampa Postal
Restrictions

0.50%

$10,000

-

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0.50%

$10,000

-

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0.50%

$10,000

-

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Ocala Community
Restrictions

0.50%

$10,000

-

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Tallahassee-leon
Restrictions

0.45%

$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

Bay
Restrictions

0.41%

$10,000

-

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Ficare
Restrictions

0.40%

$10,000

-

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| Nov 11, 2022

It would be great to hear back from someone regarding my bump-up rate currently available, BEFORE 18 days has passed. Still waiting. Read More

University
Restrictions

0.35%

$10,000

-

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My Healthcare
Restrictions

0.35%

$10,000

-

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0.30%

$10,000

-

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Priority
Restrictions

0.30%

$10,000

-

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

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

PRODUCT INFORMATION

Credit Union Certificates of Deposit 2024

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, 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 from CDs; many that do offer it maintain the right to deny it in their fine print. It therefore is important to fully understand the terms of any time-based deposit that you enter with a credit union. Read this article for further detail on early withdrawal penalties.

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 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 CD or time deposit is 3 months, and a reasonable early withdrawal penalty for a longer term CD is 6 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 period of your time deposit or CD. The premium in a one-year CD is very small, with the premium of longer-term CDs being a little wider. 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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