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Looking for guaranteed solid returns? Got $500 or more? Put it into a CD. Pick a time from 3 to 60 months, and watch your money grow! The longer it stays, the more you make!
When you open a CD at Power Financial Credit Union, you join a family committed to helping you turn your financial goals into reality.
7 months at 4.06% APY*
✓ $2,500 minimum to open
✓ Automatically renewed for a 6-month term
11/11 months at 3.76% APY***
✓ $2,500 minimum to open
✓ Automatically renewed for a 24-month term
✓At the end of 11 months, the Credit Union may call the certificate or extend the certificate for an additional 11-month term at the same APY set forth on the initial 11-month term.
13 months at 3.92% APY**
✓ $2,500 minimum to open
✓ Automatically renewed for a 12-month term
PFCU Certificates of Deposit blend security with simplicity to make your savings journey rewarding and effortless. Here’s why our CDs stand out:
Make sure you maximize your savings by leaving your money deposited for the full term. If you withdraw your funds early, you may incur penalties. That way, you’ll be more motivated to leave your funds untouched and achieve your savings goals.
Call or stop by one of our conveniently-located branches to open a CD.
Deposit $500 or more and select a 3 to 60-month term length.
Sit back and enjoy guaranteed returns and no hidden monthly fees!
James P.
A Certificate of Deposit (CD) is a special savings account that holds your money for a fixed period of time. CDs can potentially offer higher interest rates than regular savings accounts, depending on the current rate environment. However, you cannot withdraw the funds early without paying a penalty fee. CD terms can range from 3 months to 5 years.
There is a $500 minimum deposit required to open a regular CD at Power Financial Credit Union. However, the minimum deposit can vary significantly for our promotional CDs.
Yes, our CDs automatically renew. If you don't take any action when the CD matures, it will automatically roll over (renew) into a new CD. This will happen unless you move the money into another CD of your choosing or withdraw the funds completely.
One popular CD investment strategy is to create a CD ladder. With a ladder, you split your savings into several CDs with different maturity dates. This strategy allows you to access part of your money at all times while maximizing your interest. In addition, laddering can help you avoid the key disadvantage of CDs: locking all your investment up for one set time.
If done properly, CD laddering provides the flexibility of a savings account and the higher yield of a CD. To get started, you take the total amount of money you want to invest and divide it into smaller amounts to be placed in CDs with staggered maturity dates. When each CD matures, the funds are placed into a new CD with a new term.
Our credit union usually sets its CD rates based on various factors, including market conditions and the length of the CD term.
When your CD matures, you can take out the money and the interest you earned. You can also renew it for another term or switch to a different type of account.
Yes, credit unions often offer slightly higher CD rates than banks because they are not-for-profit organizations.
At Power Financial Credit Union, we pass our profits back to our members in the form of higher yields in our deposit accounts, lower loan rates, and fewer fees.
Usually, you can't add more money to a CD once it's opened. You'll have to wait until it matures or open a new CD if you want to invest more money.
You can find very competitive CD rates in Florida. If you live, work or go to school in Broward, Charlotte, Collier, Lee, Martin, Miami-Dade, Monroe, Palm Beach County, Hillsborough, Manatee, Pinellas, Sarasota or St. Lucie counties in South Florida, you can take advantage of PFCU CD rates. We have some of the highest certificate rates in the area.
We're also proud to offer membership to our Select Employee Groups. Employees and members of these organizations are always welcome to join and take advantage of our great CD rates, no matter where they live:
Bonefish & Tarpon Trust
Immediate family of all current members are also eligible to join.
Regular Savings
Traditional IRAs
Money Market Accounts