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  Members First Credit Union of Florida Certificates of Deposit

Members First Credit Union of Florida Certificates of Deposit

in CD Accounts from Members First Credit Union of Florida · ncua

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Members First Credit Union of Florida Certificates of Deposit

Unaffiliated

in CD Accounts from Members First Credit Union of Florida · Insured by NCUA

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Highlights
Minimum Opening Deposit Starting at $500
Certificate Term
  • 3 months
  • 6 months
  • 12 months
  • 2 years
  • 3 years
  • 4 years
  • 5 years
  • 11 months
  • 18 months
  • 1 month
  • 9 months
  • 13 months
  • 15 months
  • 16 months
  • 7 years
  • 28 months
  • 42 months
  • 30 months
  • 19 months
  • 39 months
  • 58 months
  • 37 months
  • 59 months
  • 10 years
  • 25 months
  • 31 months
  • 43 months
  • 49 months
  • 55 months
  • 61 months
  • 6 years
  • 27 months
APY (Annual Percentage Yield) 0.2% - 0.95%

Members First Credit Union of Florida Certificates of Deposit Review

Members First Credit Union of Florida Certificates of Deposit is offered by Members First Credit Union of Florida, a credit union founded in 1954 and based in Pensacola, FL. Members First Credit Union of Florida Certificates of Deposit is available in 1 state across the USA.

Key Takeaways
  • Small selection of CD account types. Members First Credit Union of Florida CD only offers traditional and bump up CDs.
  • Very high APY. This account offers an annual percentage yield of up to 0.95%, which is much higher than the national average for a certificate account.
  • $500 minimum deposit. This is a typical minimum initial deposit for the certificates we track.
  • Wide selection of certificate terms. Members First Credit Union of Florida CD allows you to create a certificate ladder by spreading your cash across certificates with different terms. This combines the benefits of frequent access to funds and higher rates of return on your savings.
Pros & Cons of Members First Credit Union of Florida Certificates of Deposit
Pros Cons
  • Insured by NCUA.
  • Multiple certificate terms available.
  • High-dividend yield
  • No charge on incoming domestic or international wire transfers.
  • Only available in one state.
  • There isn't a no-penalty certificate option.
  • Does not offer an IRA CD.
Members First Credit Union of Florida Certificates of Deposit FAQ

Are cd accounts from Members First Credit Union of Florida federally insured?

Yes, your Members First Credit Union of Florida cd accounts are insured up to $250,000 per share owner for each account ownership category. The National Credit Union Administration (NCUA), a federal agency, administers the insurance fund and regulates federally insured credit unions. The fund is backed by the full faith and credit of the U.S. Government.

What types of CDs does Members First Credit Union of Florida offer?

Members First Credit Union of Florida CD provides the following types of CDs.
  • Traditional CDs. These CDs pay a fixed interest rate i you deposit a fixed amount of money for a specific term. Once the maturity date arrives, you have the option of cashing out or rolling over the CD for another term.
  • Bump-up CDs. Bump-up CDs allow you to increase the interest rate you earn on your savings if the going interest rates rise. These CDs are useful in a changing interest rate environment.

What CD rates does Members First Credit Union of Florida offer on its CDs?

Members First Credit Union of Florida CD offers an APY starting at 0.2% and ranging up to 0.95%. APY stands for annual percentage yield and shows the interest rate paid by the CD after taking into account compounding.

What terms does Members First Credit Union of Florida CD offer?

Members First Credit Union of Florida offers CD terms of the following lengths:
Members First Credit Union of Florida Certificates of Deposit Rates & Terms
Description
2-Year APY 0.60%
3-Month APY 0.25%
3-Year APY 0.75%
4-Year APY 0.90%
5-Year APY 0.95%
6-Month APY 0.35%
7-Year APY 0.95%
12-Month APY 0.40%
APY (Annual Percentage Yield) 0.2% - 0.95%

What is the minimum deposit to open a CD account with Members First Credit Union of Florida?

Members First Credit Union of Florida CD requires a minimum deposit of $500 to open an account.

What is the grace period for Members First Credit Union of Florida CD?

There is a 10-day grace period for Members First Credit Union of Florida CD. A grace period is a period of time during which you can withdraw the money in your CD without paying an early withdrawal penalty. A grace period starts the day after a CD’s maturity date, or the final day a CD is opened. Standard CDs renew automatically at the same term if you don't withdraw your money after the 10-day grace period. Note that the new CD rates probably won’t be the same as the original.

What types of fees, such as early withdrawal penalties, does Members First Credit Union of Florida CD charge?

Financial institutions don't typically charge many fees on CDs. However, most charge a fee if you choose to withdraw your money before the CD term ends.

Members First Credit Union of Florida does not charge an early withdrawal fee.

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Message From Members First Credit Union of Florida Certificates of Deposit

Members First Credit Union of Florida Certificates of Deposit (CD) are the way to go when you have money to put aside and won’t need to access it for a while. We’re excited to help you experience safe and guaranteed growth on those savings. Certificates of Deposit (CD) or Share Certificates are deposits with a built-in timeline. You can’t withdraw from CDs whenever you want (without incurring a penalty). Instead, you wait until the CD reaches what is known as a maturity date. The further away the maturity date, the longer the term length. Generally speaking, the longer the term length is on a CD, the higher the interest rate will be. 

 

Contact

Hours of Operation

  • Sunday Closed
  • Monday 9:00am - 4:30pm
  • Tuesday 9:00am - 4:30pm
  • Wednesday 9:00am - 4:30pm
  • Thursday 9:00am - 4:30pm
  • Friday 9:00am - 4:30pm
  • Saturday 8:30am - 12:00pm

Other Services by Members First Credit Union of Florida

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Availability

  Available in 1 state
Florida
Availabile in all of Florida

Feature Breakdown

Minimum Opening Deposit Starting at $500
2-Year APY 0.60%
3-Month APY 0.25%
3-Year APY 0.75%
4-Year APY 0.90%
5-Year APY 0.95%
6-Month APY 0.35%
7-Year APY 0.95%
12-Month APY 0.40%
APY (Annual Percentage Yield) 0.2% - 0.95%
CD Accounts
  • Traditional
  • Bump Up
Grace Period for Account Changes 10 days
Certificate Term
  • 3 months
  • 6 months
  • 12 months
  • 2 years
  • 3 years
  • 4 years
  • 5 years
  • 11 months
  • 18 months
  • 1 month
  • 9 months
  • 13 months
  • 15 months
  • 16 months
  • 7 years
  • 28 months
  • 42 months
  • 30 months
  • 19 months
  • 39 months
  • 58 months
  • 37 months
  • 59 months
  • 10 years
  • 25 months
  • 31 months
  • 43 months
  • 49 months
  • 55 months
  • 61 months
  • 6 years
  • 27 months

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