Tyndall Federal Credit Union launches their online banking site, the Tyndall Online which offers top cd rates and other attractive promos. The eye catcher is the highest cd rates of 5.00% APY for a 6-month certificate of deposit deal.

You can enjoy the best cd rates of this money in the bank deal for a minimum deposit of $1000. The union has set a ceiling of $25,000 maximum deposit for this CD. They also limit one CD per member.

CDs with high interest rates often have low caps and the $25K with Tyndall is very attractive. In case you will max your deposit on this CD offering, you can earn $365 more compared to the average 6-month certificate of deposit. If you are a couple, you can both invest on this and have $750 of extra money.

One downside with the application process is that the system can only take $10K of deposit when you do it online. You need to send in a check in case you want to open an account with a bigger initial deposit.

The Tyndall Credit Union also offers competitive CD rates with their standard certificates:

2.00% APY 12 month
2.50% APY 24 month
3.00% APY 36 month
3.25% APY 48 month
3.75% APY 60 month
These interest rates are accurate as of 10 August. It will be best to check the bank’s website for any update since they can change any time.

Another great feature with their certificate of deposit deals is the Certificate Advantage . This is a laddering system where you can beef up the rates by 25 basis points. These deals are also offered as IRAs.

Tyndall Online operates under the umbrella of Tyndall Federal Credit Union. Tyndall Online only offers their products to the Okaloosa and Walton Counties. This way of operating saves the credit union a lot of cost on their part and they are able to give higher rates and lower loan markups.

The membership to the online only institution is limited to the residents and employees working in the counties of Okaloosa and Walton in Florida. If you have a physical mailing address that you can use in those counties, you may be eligible too.

Interested members of the credit union must note that the Tyndall Online products are only offered through the website and cannot be offered by their regular membership number. They have to sign-up for the Tyndall Online membership to take advantage of the online offerings.

Tyndall Federal Credit Union gets 5 stars from BauerFinancial and 3 stars from Bankrate.com. The review of soundness and safety are based on their March 2009 data. The union is covered by the NCUA through charter number 10754.