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Certificates of Deposit

High-Yield CDs

Whether you're saving for retirement, buying a car, or paying off debt, a Community First CD can help you achieve your financial goals.

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Take charge of your saving goals

Certificates of Deposit (CDs) are a flexible tool that can help you achieve your savings goals. Whether that's helping you save for retirement, make important purchases, pay down debt, or anything else. Earn more with flexible rates and terms alongside all the other great benefits including:

  • Competitive Rates: Our CDs are higher than the national average and offer great rates with strong returns.
  • Guaranteed Returns: Once you open a CD, your rate is locked in no matter how the market changes.
  • Hands off: You don't have to manage your account so you can focus on what's important to you.

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CD Table Workflow

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READY TO GET STARTED?

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Already a member? Click below to open a new CD account and start saving more.

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Log into Online Banking > Open & Apply > Open a New Account > Open Additional Account 

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Not ready right now? No worries! Schedule an in-person or over-the-phone appointment.

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What is CD Laddering?

CD laddering is a helpful financial strategy for optimizing interest rates while ensuring you have access to your funds as you need them. The way it works, is that you build a ladder using different rungs made of multiple CDs with staggered maturation dates instead of a single CD. With your CDs maturing at different intervals, you have greater access to your funds while still enjoying the greater gains that a CD offers. 

Some of the the biggest advantages of CD laddering include:

  • Improved Liquidity: CD laddering provides periodic access to your money as individual CDs mature, offering flexibility for financial needs or investment opportunities.
  • Interest Rate Optimization: CD laddering allows you to capture potentially higher interest rates by reinvesting maturing CDs, optimizing returns in changing rate environments.
  • Reduced Interest Rate Risk: Diversifying across CDs with varying maturity dates in a ladder minimizes the impact of fluctuating interest rates, enhancing overall financial stability and reducing risk.

Interested in building a CD ladder for yourself? Click below to schedule an appointment to build a plan that works for you!

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FREQUENTLY ASKED QUESTIONS

What is a Certificate of Deposit (CD)?

A Certificate of Deposit (CD) is a type of investment that earns interest in a lump sum over a set period of time (the "term" of the CD). They generally offer higher interest rates than savings accounts and help you earn more. The difference between a CD and a savings account is that the money (the "principle" amount) you invest can't be withdrawn until the end of your term or you risk penalty fees or losing interest.

What does APY mean?

APY stands for Annual Percentage Yield. APY is how much you earn on your deposit over the course of a year.

Where can I find CD rates?

Visit our CD rates page to view our full selection of rates.

What happens when my CD matures?

We will send you a letter before your CD is set to mature. You will have the option to automatically roll over your CD into a new account, open a new CD with a new rate and term or move the money to the share you selected at CD opening.

What if I want to withdraw early?

We may impose a penalty if certificate funds other than dividends are withdrawn prior to the maturity date. The penalty will be: a loss of 31 days dividends if the certificate term is between 3 and 5 months; a loss of 90 days dividends if the certificate term is 4 months through 12 months; a loss of 180 days dividends if the certificate term is 13 months or greater. The certificate principal balance may be reduced if necessary to effect the penalty. The penalty does not apply to any of the following withdrawals: withdrawal subsequent to the death of any owner; or if the account is part of a qualified individual retirement plan (IRA) and the withdrawal is to effect distribution of funds upon the participant’s disability or attainment of not less than 59 1/2 years of age.

Federally insured by NCUA. Membership is open to anyone who lives, works, or attends school in one of the following counties: Baker, Brevard, Broward, Clay, Duval, Flagler, Indian River, Lake, Martin, Nassau, Orange, Palm Beach, Putnam, Seminole, St. Johns, St. Lucie, or Volusia. Membership is also open to any relative of an existing or eligible Community First Credit Union of Florida member. We also offer membership to Select Employer Groups, including all employees of Brooks Rehabilitation and Web.com. An initial deposit of $5 to be held in your Community First Share account is required for membership

Product offers, rates, terms and other information provided herein are subject to change without notice. Due to occasional inaccessibility to our website which may be beyond our control, Community First Credit Union cannot guarantee the completeness or accuracy of the information provided herein. The information provided to you on our calculators is estimated and provided solely for your interactive enjoyment. The results are not guaranteed to be accurate. To verify current offers and rates, please call (904) 354-8537 or (800) 342-8416.

*Rate listed applies to Jumbo Plus 18-23 month term. APY= Annual Percentage Yield. Interest compounded monthly.  Subject to an early withdrawal penalty equivalent to 180 days of interest earned. Offer may end at any time without notice. Rates accurate as of 07/26/23. The required minimum opening deposit is $250,000.  Fees may reduce earnings. Restrictions apply and rates can change at any time without notice.