Grow Financial Credit Union CD Rates

Among the plethora of options available for financial goals, Grow Financial Credit Union stands out with its competitive CD rates. In an era where financial decisions demand careful consideration, the allure of steady growth paired with favorable terms is undeniable. All these objectives are highly fulfilled by Grow Financial Credit Union.

Let’s explore the exciting landscape of Grow Financial Credit Union’s CD rates and how they can fortify your financial portfolio.

Grow Financial Credit Union CD Rates Offers

The most popular and effective CD rates are explained next;

6-11 Months CD Term

• Dividend Rate ($500 – $99,999.99): 4.00%
• APY ($500 – $99,999.99): 4.07%
• Dividend Rate ($100,000+): 4.10%
• APY ($100,000+): 4.18%

Considerations

This short-term CD offers an attractive rate, making it ideal for individuals seeking a quick, yet stable investment option. With competitive rates for various deposit amounts, it’s an excellent choice for those looking to park their funds temporarily while still earning significant returns.

Pros & Cons

18-23 Months CD Term

• Dividend Rate ($500 – $99,999.99): 4.50%
• APY ($500 – $99,999.99): 4.59%
• Dividend Rate ($100,000+): 4.60%
• APY ($100,000+): 4.70%

Considerations

This mid-term CD strikes a balance between higher returns and a reasonable investment horizon. With competitive rates for both deposit tiers, it’s an attractive option for those with a slightly longer investment horizon, providing a mix of risk and reward.

Pros & Cons

30-35 Months CD Term

• Dividend Rate ($500 – $99,999.99): 3.85%
• APY ($500 – $99,999.99): 3.92%
• Dividend Rate ($100,000+): 3.95%
• APY ($100,000+): 4.02%

Considerations

Designed for those seeking a balance between flexibility and growth, this CD term offers competitive rates for various deposit amounts. While the rates are slightly lower, the extended term provides a stable and predictable investment avenue for those willing to commit for a few years.

Pros & Cons

48-59 Months CD Term

• Dividend Rate ($500 – $99,999.99): 3.95%
• APY ($500 – $99,999.99): 4.02%
• Dividend Rate ($100,000+): 4.05%
• APY ($100,000+): 4.13%

Considerations

For those looking at the long game, this CD term offers competitive rates for both deposit tiers. With a more extended commitment, investors can enjoy a balance of security and potential for higher returns, making it suitable for long-term financial planning.

Pros & Cons

How do Grow Financial Credit Union CD Rates Compare?

Grow Financial Credit Union’s CD rates present a competitive array of options catering to diverse investment preferences.

In the short-term category (6-11 months), the institution offers attractive rates, ideal for those seeking quick returns, albeit with limited investment horizons. The mid-term CD (18-23 months) strikes a balance between risk and reward, providing competitive rates for a moderate investment horizon.

For those prioritizing flexibility, the 30-35 months CD term offers stability with slightly lower rates. Finally, the long-term CD (48-59 months) combines security with potential, making it suitable for comprehensive financial planning. While each term has its advantages, it’s essential to consider individual preferences, risk tolerance, and liquidity needs when comparing Grow Financial Credit Union’s CD rates.

Overview Grow Financial Credit Union 

Growth Financial is a Federal Credit Union based out of Tampa, Florida. It reports 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.

Availability

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 one of their locations. It is a simple and quick process that any of their representatives can assist you with.

Locations Grow Financial Credit Union 

Branches in Florida

The branches in Florida are:

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

The branches in South Carolina are:

Columbia, Lexington, North Charleston, and Summerville. 

Frequently Asked Questions