Campus USA Credit Union CD Rates
To avail of the high-edge financial benefits, Campus USA Credit Union is offering the most flexible and convenient CD rates terms perspective. However, to avail of any of it you must be a member of the system.
The criteria for membership are:
- You live in Alachua, Citrus, Clay, Columbia, Duval, Gadsden, Hernando, Jefferson, Lake, Leon, Madison, Marion, Orange, Pasco, Seminole, Sumter, Suwannee, and Wakulla counties.
- Member of AAA South
- You or a family member work for UF Health or The University of Florida
- A member of the Marion County Humane Society
- Or Matheson Historical Society
- A family member of an existing member
- The University of Florida Alumni Association
Campus USA Credit Union CD Rate Offers
The commendable CD term offers for Campus USA Credit Union includes;
6-Month CD
Key Feature
- APY
- 1.51% for deposits between $2,000 and $24,999.
- 1.76% for deposits of $25,000 and above.
- Minimum and Maximum Deposit
- Minimum: $2,000
- Maximum: $24,999 (for the first APY tier), no specified maximum for the second tier.
Considerations
- Short-term commitment.
- Lower APY compared to longer-term CDs.
- Suitable for those who want relatively quick access to their funds.
Pros & Cons
| Pros | Cons |
| Short-time Span | Lower APY compared to long-term |
| Limited liquidity during the term |
12-Month CD
Key Features
- APY
- 2.27% for deposits between $2,000 and $24,999.
- 2.53% for deposits of $25,000 and above.
- Minimum and Maximum Deposit
- Minimum: $2,000
- Maximum: $24,999 (for the first APY tier), no specified maximum for the second tier.
Considerations
- A standard one-year commitment.
- Offers higher APY compared to shorter-term CDs.
- Suitable for those looking for a balance between returns and liquidity.
Pros & Cons
| Pros | Cons |
| Standard one-year term | Early withdrawal penalties may apply |
18-Month CD
Key Features
- APY
- 2.53% for deposits between $2,000 and $24,999.
- 2.78% for deposits of $25,000 and above.
- Minimum and Maximum Deposit
- Minimum: $2,000
- Maximum: $24,999 (for the first APY tier), no specified maximum for the second tier.
Considerations
- Slightly longer-term than the 12-month CD.
- Offers a balance between returns and access to funds.
Pros & Cons
| Pros | Cons |
| Balance between returns and access | Early withdrawal penalties are applicable |
36-Month, 48-Month, and 60-Month CDs
Key Features
- APY
- Varies for deposits between $2,000 and $24,999 and $25,000 and above for each term.
- Minimum and Maximum Deposit
- Minimum: $2,000
- Maximum: $24,999 (for the first APY tier), no specified maximum for the second tier.
Considerations
- Increasing commitment and potential returns with longer terms.
- Suitable for individuals with a longer investment horizon.
Pros & Cons
| Pros | Cons |
| Long-term investment | Liquidity Problems |
Are Campus USA Credit Union CD Rates Competitive?
Campus USA Credit Union CD rates exhibit a competitive edge in the current market. With APYs ranging from 1.51% to 4.50%, the credit union offers a spectrum of options catering to diverse investment preferences and durations.
The rates, particularly for longer-term CDs, such as the 24 to 60-month terms, stand out as particularly attractive, potentially providing account holders with a higher yield compared to many traditional banking options.
On the other hand, the competitiveness of the rates also depends on individual financial goals and the prevailing economic climate.
How do Campus USA Credit Union CD Rates Compare?
When comparing Campus USA Credit Union CD rates to other financial institutions, particularly traditional banks and credit unions, they generally hold their own.
Additionally, the credit union provides flexibility with varying terms, allowing customers to choose a duration that aligns with their investment strategy.
However, potential investors should conduct a comprehensive market analysis to ensure that Campus USA Credit Union CD rates align with their specific financial objectives and risk tolerance
Overview Campus USA Credit Union
Founded in 1935 by charter, Campus USA Credit Union was known as Gainesville Florida Federal Credit Union. It was the first Credit Union on a college campus. In 1994, its name changed to Your Campus Federal Credit Union. Now, as Campus USA Credit Union, it serves over 100,000 members worldwide.
It is a not-for-profit financial institution, so all the earnings return to the members who are considered owners. The benefits include low or no fees and better interest rates on interest-bearing accounts.
Campus USA Credit Union has a Mission and Vision statement. “Our Mission is to be the leader in the markets we serve by providing exemplary service and exceptional value to our members” is their Mission statement.
Their Vision statement is:” Empowering employees to make a positive difference in the financial lives of our members and in the communities we serve. We want to be the financial institution our members choose first, use the most, and grow with throughout their lives.”
The Board of Directors is made up of volunteer members representing owners.
Locations Campus USA Credit Union
Campus USA Credit Union has throughout Florida in counties including:
- Alachua
- Columbia
- Leon
- Marion
- Sumter
The cities of Gainesville, Ocala, Lake City, The Villages, Tallahassee, and “Outside the Member Area” are part of Campus USA Credit Union.
Frequently Asked Questions
Generally, rates vary based on the term. For instance, 12-month CD rates range from 2.27% to 2.53%, with higher rates for deposits over $25,000.
Yes, early withdrawal penalties may apply, varying based on the CD term and amount withdrawn.
Yes, there is a minimum deposit requirement. It ranges from $2,000 to $25,000, depending on the specific CD term.
Yes, all deposits at Campus USA Credit Union, including CDs, are federally insured by the NCUA (National Credit Union Administration) up to the maximum allowed by law.
Interest on Campus USA Credit Union CDs is compounded quarterly, providing a regular accumulation of earnings over the CD term.