Grow Financials’ top CD rate is their 60-month account collecting 0.70% APY for up to $100,000 in the account. This APY will jump to 0.80% if you deposit $100,000 in the CD. It has a minimum deposit required of $500 to open, and you must keep a minimum of $500 as a daily balance in order for the account to remain open. If the account is opened with $100,000 or more, it must keep $100,000 in it daily to remain active. Dividends on this CD are paid quarterly.

Growth Financial also offers a 48-59-month CD with a 0.60% APY. It has the minimum deposit of $500 to open, and the dividends are paid quarterly. This is just one more of the many options that Growth Financial has available.

They also offer as low as a 6-month CD for the investors who are looking for the quick investment returns. This CD has a 0.25%, that will raise to 0.35% if you deposit over $100,000 into the account. The dividends are paid quarterly and/or at the maturity of the account. This a fantastic option for those investors that are looking for a faster turnaround on their investments. Same as the other CDs, these require a minimum balance of $500 to reman open and active. All their CDs have early withdrawal fees.

APYs are accurate as of 10/01/2020 and may change without notice after the account is opened. Fees could reduce earnings on the account. A penalty will be imposed for early withdrawals. If the account is opened with $100,000 or more, you must maintain a daily balance of $100,000 in your account each day to obtain the disclosed APY. If the account is opened with less than $100,000, you must maintain a minimum daily balance of $500.00 in your account each day to obtain the disclosed APY.


You will need to become a member of Growth Financial to open a CD with them. This process can be done online or in person at on of their locations. It is a simple and quick process that any of their representatives can assist you with.

Branches in Florida:

Bradenton, Brandon, Clearwater, Lakewood Ranch, Largo, Lutz, New Port Richey, Pinellas Park, Spring Hill, St. Petersburg, 9 locations in Tampa, and 1 in Wesley Chapel.

Branches in South Carolina:

Columbia, Lexington, North Charleston, and Summerville. 

Bank Overview

Growth Financial is a Federal Credit Union based out of Tampa, Florida. They report almost $2 billion in assets and is considered one of the leading Credit Unions in the United States. Having established itself in 1955 as a safe place to borrow money for the personnel of MacDill Air Force Base, it has grown into one of the most well-established organizations in the country. Having 24 total physical store locations and all their banking offerings also being available on their mobile app and online, they are staying up to date with world advancements. They also offer several programs giving back to the community and are offering a grant program for non-profit organizations that are trying to restore neighborhoods across the nation. They believe in community and giving back to their communities anytime they see a way to.