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  VyStar Credit Union Certificate of Deposit
VyStar Credit Union Certificate of Deposit
in CD Accounts from VyStar Credit Union · Insured by NCUA
Unaffiliated

VyStar Credit Union Certificate of Deposit

Unaffiliated
in CD Accounts from VyStar Credit Union · Insured by NCUA
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Highlights
Minimum Opening Deposit Starting at $500
Certificate Term
  • 3 months
  • 6 months
  • 9 months
  • 12 months
  • 18 months
  • 2 years
  • 30 months
  • 3 years
  • 4 years
  • 5 years
APY (Annual Percentage Yield) 0.25% - 1.10%

VyStar Credit Union Certificate of Deposit Review

VyStar Credit Union Certificate of Deposit is offered by VyStar Credit Union, a credit union founded in 1952 and based in Jacksonville, FL. VyStar Credit Union Certificate of Deposit is available in 1 state across the USA.

Key Takeaways

  • Only one CD account type available. VyStar CD only offers traditional CD accounts.
  • Very high APY. This account offers an annual percentage yield of up to 1.10%, 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. VyStar 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 VyStar Credit Union Certificate of Deposit

Pros Cons
  • Insured by NCUA.
  • Multiple certificate terms available.
  • High-dividend yield
  • Only available in one state.
  • There isn't a no-penalty certificate option.
  • Does not offer an IRA CD.

VyStar Credit Union Certificate of Deposit 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 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.

What CD rates does VyStar Credit Union offer on its CDs?

VyStar CD offers an APY starting at 0.25% and ranging up to 1.10%. APY stands for annual percentage yield and shows the interest rate paid by the CD after taking into account compounding.

What terms does VyStar CD offer?

VyStar Credit Union offers CD terms of the following lengths:
VyStar Credit Union Certificate of Deposit Rates & Terms
Description
APY (Annual Percentage Yield) 0.25% - 1.10%
3-Month APY 0.25% - 0.35%
6-Month APY 0.30% - 0.40%
12-Month APY 0.45% - 0.55%
2-Year APY 0.60% - 0.70%
3-Year APY 0.80% - 0.90%
4-Year APY 0.90% - 1.00%
5-Year APY 1.00% - 1.10%

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

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

What is the grace period for VyStar CD?

There is a 7-day grace period for VyStar 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 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

We offer competitive rates for CDs to help you reach your savings goals. Find today’s CD rates, based on the balance you deposit. Quickly and easily complete your application online, by phone or at one of our branches. Once you’re a VyStar member, you can open a CD online, by phone or in person at any branch. When your CD term is up, you can automatically renew at the current rate, or withdraw your money.

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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View all cd accounts offered by VyStar Credit Union

Availability

  Available in 1 state
Florida
Availabile in all of Florida

Feature Breakdown

Minimum Opening Deposit Starting at $500
APY (Annual Percentage Yield) 0.25% - 1.10%
3-Month APY 0.25% - 0.35%
6-Month APY 0.30% - 0.40%
12-Month APY 0.45% - 0.55%
2-Year APY 0.60% - 0.70%
3-Year APY 0.80% - 0.90%
4-Year APY 0.90% - 1.00%
5-Year APY 1.00% - 1.10%
CD Accounts Traditional
Grace Period for Account Changes 7 days
Certificate Term
  • 3 months
  • 6 months
  • 9 months
  • 12 months
  • 18 months
  • 2 years
  • 30 months
  • 3 years
  • 4 years
  • 5 years

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