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Certificates of Deposit

Grow your money fast and safely with our CDs. Enjoy higher rates and guaranteed returns!

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.

Limited-Time CD Specials

7 months at 4.06% APY*

✓ $2,500 minimum to open

✓ Automatically renewed for a 6-month term

 

11/11 months at 5.12% 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

 

Benefits of Power Financial Credit Union Certificates of Deposit

Guaranteed Returns

Lock in earnings with guaranteed returns - enjoy fixed and dependable interest rates.

Varied Term Lengths

Plan for a specific savings goal and know exactly how much your money will grow until the end of your certificate term.

Automatic Renewal

Experience hassle-free saving as your CD effortlessly rolls over at the maturity date for continued growth.

Secure Growth

Your deposits are insured by NCUA up to $250,000. Enjoy peace of mind knowing your savings are safe and steadily growing at a fixed rate.

Why Open a Power Financial Credit Union CD?

PFCU Certificates of Deposit blend security with simplicity to make your savings journey rewarding and effortless. Here’s why our CDs stand out:

  • $500 minimum deposit¹ — Easily start with as little as $500.
  • Terms from 3-60 months — Flexibility to choose a time frame that suits your goals.
  • Automatic renewal² — Hassle-free continuation for uninterrupted growth.
  • No hidden or monthly fees — Transparent and honest - no surprises.
  • Federally insured up to $250,000 — Rest assured, your savings are safe with us.

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.



How to Open a Power Financial Credit Union CD

Step 1

Contact Us or Visit

Call or stop by one of our conveniently-located branches to open a CD.

Step 2

Deposit & Choose Terms

Deposit $500 or more and select a 3 to 60-month term length.

Step 3

Watch Your Money Grow!

Sit back and enjoy guaranteed returns and no hidden monthly fees!

"Great, family feel. Excellent loan rates, convenient to use online banking, very happy to be a member!"

James P.

Certificate of Deposit Calculator

FAQs about Certificates of Deposit (CDs)

Accordion Section

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: 

Immediate family of all current members are also eligible to join.

Apply Today or Get in Touch for More Information

See More Savings Options and Resources

Regular Savings

Open a Share Savings Account with $5 and enjoy many benefits including competitive dividend payments, no overdraft (NSF) fees, and more!

Traditional IRAs

Save for your golden years with a Traditional IRA. Open one today with just $50 and take advantage of the special tax advantages.

Money Market Accounts

Grow your deposits at a strong rate with no monthly fees, unlimited withdrawals, and a minimum balance of just $2,500.

Page Disclaimers

1Minimum opening balance may be higher for promotional offers.

2May not be applicable for all certificates of deposits.

*7-Month Certificate: Annual Percentage Yield (APY) is effective as of 5/03/2023 and is subject to change at any time and without notice. CD is automatically renewed for 6-month term. Minimum deposit is $2,500. Early withdrawal penalties may be imposed and the fee could reduce interest and principle for CDs. This is a limited-time promotion. This offer may be withdrawn at any time without prior notification.

**13-Month Certificate: Annual Percentage Yield (APY) is effective as of 12/23/2022 and is subject to change at any time and without notice. CD is automatically renewed for 12-month term. Minimum deposit is $2,500. Early withdrawal penalties may be imposed, and the fee could reduce interest and principal for CDs. This is a limited-time promotion. This offer may be withdrawn at any time without prior notification.

***11/11-Month Certificate: APY = Annual Percentage Yield is effective as of 5/20/2024 and is subject to change at any time and without notice. CD is automatically renewed for 24-month term. Minimum deposit is $2,500. Early withdrawal penalties may be imposed, and the fee could reduce interest and principal for CDs. This is a limited-time promotion. This offer may be withdrawn at any time without prior notification. 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.