South Florida Federal Credit Union offers competitive mid-term and long term certificate of deposit rates. The credit union has the following current CD rates:

• 12 months       1.11% APY
• 18 months       1.31% APY
• 24 months       1.41% APY
• 30 months       1.51% APY
• 36 months       1.61% APY
• 48 months       1.71% APY
• 60 months       2.41% APY

This money in the bank deal requires you to deposit a minimum of $500 to open an account. You are also required to maintain this balance to earn their top CD rates. You will be charged of a penalty when you withdraw money out of your CD account before its maturity date. Take note that once account is opened the interest rate may change without notice.

If you want to become a member of South Florida Federal Credit Union, you must be an employee of Cedars Hospital, VA Miami Medical Center, Alterman Transport Line, or even members of Jewish Orthodox Community in South Florida. You can also visit the credit union’s website to check the lists of Select Employee Groups, organizations, and schools that are members of South Florida FCU. Family of current members are also eligible to join.

It seems that you need to visit the credit union which is located in Miami, Florida to apply for membership and open a certificate of deposit account. You can also call customer service if you still have questions with regard to membership and current interest rates thru 305-325-1380 or if you are outside Miami you can call 888-348-6277.

South Florida Federal Credit Union has been providing its services since 1978. They have already reached over $30 million in assets. The credit union is federally insured by the National Credit Union Association with charter number 23041.