Solid short-term CD deals have been scarce, for sure, which makes South Florida Federal Credit Union’s 12-month CD rates especially attractive.
It pays 1.26% APY with a $200 minimum deposit of new money.
That easily beats the top nationally available 12-month CD rate on our CD Rates Leaderboard, which recently rose to 1.10% APY and tops the lead 24-month rate of 1.20% APY, too.
You have to be a member of South Florida Federal Credit Union to buy these certificates of deposit.
Employees of the University of Miami Hospital, the Bruce W. Carter Department of Veterans Affairs Medical Center in Miami, and Alterman Transport Lines, as well as members’ family members and employees and members of the credit union’s select employee groups and eligible organizations, congregations and schools, may join.
Links to those lists can be found on the membership page.
You can also join if you live in a specific underserved community of Miami; a map with those membership boundaries is on the website, too.
Membership requires a $5 deposit in a share savings account.
Members can buy CDs over the phone or in person.
South Florida Federal Credit Union has a branch at 1902 N.W. 14th Ave. in Miami and another at the University of Miami Hospital.
Learn more about South Florida Federal Credit Union at www.southfloridafcu.com or call 305-545-0744.
Compare these returns with the best CD rates from scores of banks in our extensive database.