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Home > Personal > Save With Us > Certificates of Deposit

Certificates of Deposit


Members First Credit Union of Florida Certificates of Deposit (CD) are the way to go when you have money to put aside and won’t need to access it for a while. We’re excited to help you experience safe and guaranteed growth on those savings.

You have your choice of a short-term or long-term investment that will pay out higher dividend rates than a savings account.  You will earn interest monthly, which we can either post to your CD, deposit into a specified account or mail to you as an interest check.

A minimum deposit is only $500.00, and your CD’s maturity date can range from 30 days to 10 years*. If you choose a maturity of 24 months or longer, it will become a No Penalty CD, meaning you can convert the current rate to a higher rate once during the life of the CD.

Here are a few of the other CD options available.

Looking to build your savings, but don`t have a lot to deposit? Our Members First Add-On Certificate is the right option for you! Our Add-On Certificate is an easy-to-open deposit account that helps you grow small initial deposits into larger ones.

  • No minimum to open
  • 12-month term*
  • Great rate — comparable to high deposit rates
  • Ability to add up to $2,500.00 per month

Our youth members ages 18 and under can take advantage of this unique deposit account. It’s an easy way to set money aside for the future while earning more than a regular savings account.

  • No minimum to open
  • 3-month term*
  • Add up to $2,500.00 per month

*Each CD will automatically renew at maturity. A renewal notice is mailed fifteen days before maturity. At maturity, there is a 10-day grace period to make any changes to the CD without penalty.

Early withdrawal penalties

  • Less than 12 months – 90 days’ interest
  • 12 up to 24 months – 180 days’ interest
  • 24 months and greater – 360 days’ interest

Certificates of Deposit
Effective Date: April 4, 2019
Type of AccountAPYInterest RateMinimum Balance
1 Month 0.40% 0.40% $500
3 Months 0.50% 0.50% $500
6 Months 1.15% 1.14% $500
12 Months 1.75% 1.74% $500
Add-On Certificates**      
Youth 3 Months 0.50% 0.50% No Minimum
12 Months 1.75% 1.74% No Minimum
Bump-Up Certificates***      
24 Months 2.00% 1.98% $500
36 Months 2.25% 2.23% $500
48 Months 2.30% 2.27% $500
60 to 120 Months 2.50% 2.47% $500

*No Penalty CD's - You can convert the current rate to a higher rate once during the life of the CD.  **You can add up to $2500 per month on the Add-On Certificate. ***You can bump up the rate to a higher rate on any 24 months or longer certificate once during the life of the CD.

An interest penalty may be imposed for early withdrawals. All rates are subject to change without notice. Dividends calculated by the Average Daily Balance Method. APR= Annual Percentage Rate. Federally insured by NCUA.

All rates are subject to change at the sole discretion of the Board of Directors.****

For further information on all Credit Union deposit accounts, please refer to our Membership and Account Agreement for Terms and Conditions, Electronic Transfers, Funds Availability, Funds Transfers and Truth In Savings. Please also see our Schedule of Fees.

To learn more about Members First Certificates of Deposit, please stop by one of our locations or a Call Center Representative at (877) 434-6328 or locally at (850) 434-2211.  


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Members First CU of Florida
NMLS #405711
Equal Housing Lender National Credit Union Administration
This Credit Union is federally-insured by the National Credit Union Administration. We do business in accordance with the Fair Housing Law and Equal Opportunity Credit Act.
Members First Credit Union of Florida is not affiliated with Members First Credit Union (Kentucky)

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