To unlock financial growth, Cyprus Credit Union provides diverse CD offerings. You are required to explore competitive rates by looking up various terms that are all bound or tailored to meet your investment goals. Cyprus Credit Union CD Rates enable you to secure your future with stable returns and flexible options.

Let’s find out the CD Term facts in the section next;

Cyprus Credit Union CD Rates Offers

The most convenient offers by Cyprus Credit Union are;

6-month Certificate (CD)

  • Dividend Rate: 4.889%
  • APY (Annual Percentage Yield): 5.00%


  • Shorter terms generally yield lower returns compared to longer-term CDs.

Pros & Cons

Short-term commitmentLower returns compared to longer terms
Higher liquidityLimited opportunity for higher interest rates
Competitive dividend rate

12-month Certificate (CD)

  • Dividend Rate: 5.128%
  • APY: 5.25%


  • The economic environment and interest rate trends as they could impact the decision to lock in for 12 months.

Pros & Cons

Balanced durationInterest rate outlook dependency
Competitive returns
Moderate liquidity

18-month Certificate (CD)

  • Dividend Rate: 4.410%
  • APY: 4.50%


  • Opportunity Cost: Longer than a 12-month commitment, so assess if the slightly higher return justifies tying up funds for a more extended period.

Pros & Cons

Slightly longer termOpportunity cost compared to shorter terms
Moderate returns

24-month Certificate (CD)

  • Dividend Rate: 4.410%
  • APY: 4.50%


  • Consider the economic climate and interest rate forecasts before committing to a 2-year term.

Pros & Cons

Two-year commitmentEconomic outlook dependency
Stable returns
Moderate liquidity

Are Cyprus Credit Union CD Rates Competitive?

Cyprus Credit Union offers a range of competitive CD rates across diverse terms, providing investors with attractive options for their financial goals. 

The Annual Percentage Yields (APY) provided, such as 5.25% for a 12-month CD, demonstrate a commitment to delivering competitive returns. With a variety of terms available, investors can find opportunities to balance their desired yields with the flexibility of different maturity periods. Overall, the APY rates offered by Cyprus Credit Union position them favorably in the market, attracting those seeking stable returns on their investments.

Overview Cyprus Credit Union 

When Cyprus Credit Union was first founded in 1928 their assets added up to less than $100. They are the Utah credit union with the longest history and have been serving their community for decades to build themselves to the point they are now at. They offer comprehensive financial products and services to all residents of Utah. 

The board of directors is on a volunteer basis and is community-governed so that the credit union’s day-to-day operations reflect the needs of the community that they serve.

The credit union is a part of a banking network which means that Utah members can access their account from all over the nation with over 28,000 ATMs and branch locations across the USA. Credit unions are owned by the members which is why they are dedicated to giving back to their community as the success of the members means the success of the credit union.

Their financial services include home mortgage lending, checking and savings accounts, and investment planning. Utah residents can find all of their financial product needs met by the team at Cyprus Credit Union. Small businesses can also find financial planning and lending resources through the local credit union.

Dedicated to giving back to their community, Cyprus Credit Union has a focus on education. They benefit the local students by providing higher education scholarships. 

They host community-led volunteer and charity events including providing meals to the needy and an annual walk to end Alzheimer’s. The employees of the credit union are also members of the community and they were voted one of the best credit unions to work at in 2020.


To be eligible for the CD rates offered by Cyprus Credit Union you must have an open checking or savings account through their institution. The best way to open an account is to visit a branch in person. You can also apply for membership by calling on the phone or through their online portal. To qualify as a member you must live or work within the service area in Utah.

Locations Cyprus Credit Union

Branches in Utah

The branches in Utah are:

West Valley, Salt Lake City, Centerville, Draper, Riverton

Frequently Asked Questions

Who owns Cyprus Credit Union?

Todd Adamson is the owner of Cyprus Credit Union.

How vast is the working staff of Cyprus Credit Union?

Cyprus Credit Union has a dedicated staff of 405 employees serving a membership base of 133,556. This workforce size indicates the credit union’s capacity to efficiently manage operations and provide services to its extensive member community.

Is Cyprus Credit Union considered a good credit union? 

Cyprus Credit Union has earned positive recognition for its commitment to providing financial services. The perception of whether it’s a good fit depends on individual preferences. Many members appreciate its range of services, competitive rates, and a substantial membership base.

What Services Does Cyprus Credit Union Offer?

Cyprus Credit Union typically offers a range of financial services, including savings and checking accounts, loans, mortgages, credit cards, and investment products. It’s advisable to check their official website or contact their customer service for detailed information on the specific services they provide.

 How Can I Join Cyprus Credit Union?

Credit unions often have membership requirements. To join Cyprus Credit Union, individuals typically need to meet specific criteria, such as residing in a certain geographic area, being part of a particular community or organization, or meeting other eligibility criteria.