South Florida residents can take advantage of some of the best CD rates in the country, made even better with a savings, mortgage or credit card relationship.
Ft. Lauderdale-based City County Credit Union offers tiered rates on its certificates of deposit. Its best offer is on its 60-month CD, which requires a $500 minimum deposit.
With a basic relationship with this credit union, you would earn 2.02% APY. That’s well more than the 1.85% APY the top deal on our CD Rates Leaderboard offers.
The basic account requires you to have a $200 average savings balance or a combined deposit/loan balance of $200 to avoid a monthly fee.
Select members earn 2.13% APY. Select membership requires $5,000 in combined deposit/loan balances or an eligible first mortgage.
Premium members earn 2.28% APY. Premium membership requires a $20,000 combined deposit/loan balances or an eligible first mortgage.
There are just four local deals on our list of the highest CD rates from credit unions and local banks that pay better.
Another bonus: These certificates allow you to add on to your deposit in case interest rates continue to fall.
You must be a member of City County Credit Union in order to purchase these CDs. Membership is open to anyone who lives or works in more than two dozen Florida counties, including Broward, Palm Beach and Miami-Dade. Membership also is open to a list of select employee groups available on the credit union’s website.
These CDs may be purchased online or at one of City County Credit Union’s eight branches.
For more information, visit www.citycountycu.org or call 800-230-0200.
Compare these returns with the best CD rates from scores of banks in our extensive database.