bank rates

Miami Deal On 5-Year CD Rates

Dollar sign in goldIt hasn’t been particularly easy to find top CD rates at banks and credit unions in Florida.

Which is why the 60-month deal from Miami Postal Service Credit Union is worth noting.

It pays a shade better than the best nationally available deal on our CD Rates Leaderboard, which comes in at 1.85% APY.

With a $1,000 minimum deposit, Miami Postal pays 1.91% APY.

When last we wrote about this credit union in March 2012, it offered a 2.02% APY rate. Given the state of things, a tenth of a percentage point reduction in one year isn’t too terrible.

You have to be a member of Miami Postal Service Credit Union to buy these certificates of deposit. Membership is open to anyone who lives, works or worships within a 15-mile radius of one of the credit union’s three branches.

Those are at 2190 NW 72 Ave. in Miami, 6171 NW 183rd St. in Hialeah and 12685 S. Dixie Highway in Pinecrest. You can find a map of the eligible area on the website.

Membership is also open to postal employees and retirees, employees of the federal government and their families, and employees of various businesses in Miami Dade and Broward counties.

Membership requires a $5 deposit in a savings account, and members have to visit a branch to buy a CD.

Learn more about Miami Postal Service Credit Union at or call 800-782-3630.

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

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  1. rasam said:
    on May 18th at 06:34 am