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  Members First Credit Union of Florida Youth Add-On Certificate

Members First Credit Union of Florida Youth Add-On Certificate

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

Unaffiliated

Members First Credit Union of Florida Youth Add-On Certificate

Unaffiliated

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

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Highlights
Minimum Opening Deposit Starting at $0
Certificate Term 3 months
APY (Annual Percentage Yield) 0.25%

Members First Credit Union of Florida Youth Add-On Certificate Review

Members First Credit Union of Florida Youth Add-On Certificate 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 Youth Add-On Certificate is available in 1 state across the USA.

Key Takeaways
  • Only one CD account type available. Members First Credit Union of Florida Youth Add-On Certificate only offers traditional CD accounts.
  • Very high APY. This account offers an annual percentage yield of up to 0.25%, which is much higher than the national average for a certificate account.
  • No minimum initial deposit. There is no minimum balance required to open an account.
  • Limited selection of CD terms. Members First Credit Union of Florida Youth Add-On Certificate only offers one CD terms. This limits your options when trying to set up a certificate ladder.
Pros & Cons of Members First Credit Union of Florida Youth Add-On Certificate
Pros Cons
  • Insured by NCUA.
  • High-dividend yield
  • No charge on incoming domestic or international wire transfers.
  • Only available in one state.
  • Poor selection of certificate terms.
  • There isn't a no-penalty certificate option.
  • Does not offer an IRA CD.
Members First Credit Union of Florida Youth Add-On Certificate 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 Youth Add-On Certificate 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.

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

The CD rates for this account have an APY of0.25% (APY stands for annual percentage yield, rates may change).

What terms does Members First Credit Union of Florida Youth Add-On Certificate offer?

Members First Credit Union of Florida offers CD terms of the following lengths:
Members First Credit Union of Florida Youth Add-On Certificate Rates & Terms
Description
3-Month APY 0.25%
APY (Annual Percentage Yield) 0.25%

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

Members First Credit Union of Florida Youth Add-On Certificate does not require a minimum deposit.

What is the grace period for Members First Credit Union of Florida Youth Add-On Certificate?

There is a 10-day grace period for Members First Credit Union of Florida Youth Add-On Certificate. 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 Youth Add-On Certificate 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 Youth Add-On Certificate

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. Our youth members ages 18 and under can take advantage of this unique deposit account. It’s an easy way to set money aside for the future while earning more than a regular savings account.

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

3-Month APY 0.25%
APY (Annual Percentage Yield) 0.25%
CD Accounts Traditional
Grace Period for Account Changes 10 days
Certificate Term 3 months

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