Deal Summary

Initial deposit minimum of $1,000, APY tiered by term length, lowest APY 0.25% for short term CD’s and up to 0.75% for 5-year CD’s

Cyprus Credit Union’s Top CD Rates

The top CD rate available through Cyprus Credit Union is 0.75% for the longest term tier of 5-years.

They have tiers available from in between 6-month terms and 5-year terms with an increasing APY per term length.

Cyprus Credit Union has regular CD’s, IRA CD’s, and a special CD called the Dream CD. With the Dream CD you can start earning dividends with as low as $20 minimum initial balance and add to your balance every month or every paycheck.

The lowest APY is 0.25% for a 6-month term and it increases by 0.05%-0.10% as the tiers increase.

There may be applicable penalties applied for early withdrawals. You can make additional deposits to the CD with a qualifying Dream CD.


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.

Branches in Utah

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

Bank Overview

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 are able to access their account from all over the nation with over 28,000 ATM 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.