bank rates

Florida Deal Pays 2.02% On 1-Year CD

Florida State Employees Federal Credit Union offers this deal with a $25,000 minimum deposit.Finding CD rates above 2% has become kind of a big deal, which is why this 12-month CD special from Florida State Employees Federal Credit Union is a major coup.

It pays 2.02% APY with a $25,000 minimum deposit of new money.

Yep, you read that right – more than 2% for a 1-year CD.

The top nationally available 12-month CD rate on our CD Rates Leaderboard is just 1.11% APY. That makes Florida State Employees Federal Credit Union’s rate nearly a percentage point better.

We haven’t seen a 12-month CD rate this high on the Leaderboard since February 2010.

You have to be a member of Florida State Employees Federal Credit Union to buy these certificates of deposit.

Membership is open to employees of the state of Florida who work or live in the counties of Escambia, Okaloosa, Santa Rosa and Walton, as well as members of the credit union’s select employee groups. People associated with the University of West Florida who live in those counties also qualify.

Membership requires a $25 deposit in savings account.

Members can buy CDs by mail or in person at one of the credit union’s three branches in Milton or Pensacola.

Learn more about Florida State Employees Federal Credit Union at www.fsefcu.org or call 850-474-1400.

You can find this deal on the credit union’s website by clicking on “What’s New” on the homepage.

Compare these returns with the best CD rates from scores of banks in our extensive database.

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