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  VyStar Credit Union 18-Month Step-Up Certificate

VyStar Credit Union 18-Month Step-Up Certificate

in CD Accounts from VyStar Credit Union · ncua

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VyStar Credit Union 18-Month Step-Up Certificate

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in CD Accounts from VyStar Credit Union · Insured by NCUA

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Highlights
Minimum Opening Deposit Starting at $500
Certificate Term 18 months
APY (Annual Percentage Yield) 0.50% - 0.60%

VyStar Credit Union 18-Month Step-Up Certificate Review

VyStar Credit Union 18-Month Step-Up Certificate is offered by VyStar Credit Union, a credit union founded in 1952 and based in Jacksonville, FL. VyStar Credit Union 18-Month Step-Up Certificate is available in 1 state across the USA.

Key Takeaways
  • Only one CD account type available. VyStar Credit Union CD only offers bump up CD accounts.
  • Very high APY. This account offers an annual percentage yield of up to 0.60%, 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.
  • Limited selection of CD terms. VyStar Credit Union CD only offers one CD terms. This limits your options when trying to set up a certificate ladder.
Pros & Cons of VyStar Credit Union 18-Month Step-Up Certificate
Pros Cons
  • Insured by NCUA.
  • High-dividend yield
  • Only available in one state.
  • Poor selection of certificate terms.
  • There isn't a no-penalty certificate option.
  • Does not offer an IRA CD.
VyStar Credit Union 18-Month Step-Up Certificate FAQ

Are cd accounts from VyStar Credit Union federally insured?

Yes, your VyStar Credit Union 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 VyStar Credit Union offer?

VyStar Credit Union 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 VyStar Credit Union offer on its CDs?

VyStar Credit Union CD offers an APY starting at 0.50% and ranging up to 0.60%. APY stands for annual percentage yield and shows the interest rate paid by the CD after taking into account compounding.

What terms does VyStar Credit Union CD offer?

VyStar Credit Union offers CD terms of the following lengths:
VyStar Credit Union 18-Month Step-Up Certificate Rates & Terms
Description
APY (Annual Percentage Yield) 0.50% - 0.60%

What is the minimum deposit to open a CD account with VyStar Credit Union?

VyStar Credit Union CD requires a minimum deposit of $500 to open an account.

What is the grace period for VyStar Credit Union CD?

There is a 7-day grace period for VyStar Credit Union 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 7-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 VyStar Credit Union 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.

VyStar Credit Union does not charge an early withdrawal fee.

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Message From VyStar Credit Union 18-Month Step-Up Certificate

We offer competitive rates for CDs to help you reach your savings goals. Find today’s CD rates, based on the balance you deposit. With an 18-Month Step-Up Certificate, you have the one-time ability to adjust to a higher rate before your certificate matures. At any period during your 18-month term, you can fund your account with any amount over $2,000. Choose an 18-Month Step-Up Certificate for additional rate flexibility.

Contact

Hours of Operation

  • Sunday Closed
  • Monday 9:00am - 5:00pm
  • Tuesday 9:00am - 5:00pm
  • Wednesday 9:00am - 5:00pm
  • Thursday 9:00am - 5:00pm
  • Friday 7:30am - 6:00pm
  • Saturday 9:00am - 1:00pm

Other Services by VyStar Credit Union

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Availability

  Available in 1 state
Florida
Availabile in all of Florida

Feature Breakdown

Minimum Opening Deposit Starting at $500
APY (Annual Percentage Yield) 0.50% - 0.60%
CD Accounts Bump Up
Grace Period for Account Changes 7 days
Certificate Term 18 months

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