bank rates

Earn 1.75% On 13-Month CDs From Tropical FCU In Florida

A new top rate for yearlong CDs has hit the market, and southern Florida savers are the lucky recipients.

Tropical Financial Credit Union is the sunny hero of the story, paying a substantial premium over the top nationally available 12-month yield of 1.36% APY from the banks on our CD Rates Leaderboard.

Tropical Financial’s certificate is for 13 months and pays an impressively higher 1.75% APY, with a $15,000 minimum investment of new money.

Take a look through Bankrate’s extensive database of the day’s best CD rates (always a smart move before committing to a CD) if you need further convincing that this is an excellent rate.

Of course, membership in Tropical Financial is required to get your hands on this hot deal, but millions of Floridians are eligible – and more than when we wrote about Tropical Financial last spring.

In March 2015, the credit union’s geographic field of membership encompassed the four southeastern counties of Miami-Dade, Broward, Palm Beach and Sarasota. That has since expanded to include Collier, Hendry, Lee, Martin and St. Lucie counties.

In addition, those living outside those counties but within select ZIP codes of Hobe Sound, Jupiter and Tequesta, as well as those working for more than 300 affiliated employer groups, are eligible for membership.

Joining the credit union and opening this promotional certificate of deposit can be accomplished online or at one of nine Tropical Financial branches in Miami, Fort Lauderdale, West Palm Beach, Coral Springs, Miramar, Pembroke Pines and Plantation.

For more local and regional offers that top the best-paying national banks, be sure to search our constantly updated roundup of more than 150 current deals from credit unions and community banks.

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