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MIDFlorida Credit Union CD and Checking Account

MIDFlorida Credit Union currently has some pretty decent rates available. MIDFLorida credit union has competitive long-term certificate and IRA certificate rates. The best ones are a 2.00% APY CD with terms of 37 to 48 months and a 2.50% APY for terms of 49 to 60 months. The IRA CD rates are 25 basis points higher. Minimum deposit is $1,000, and the early withdrawal penalty for terms over 1 year is up to 180 days of interest. These rates are current of 5/17/2011.

The credit union is offering a $50 bonus for opening a checking account. It’s part of their Triple Pay promotion. The bonus will be paid as a credit to your MIDFLORIDA Visa Platinum credit card. So if you don’t have one, you’ll need to apply for it. There is also a $50 bonus for applying for a MIDFLORIDA credit card (new credit card accounts only). Below is the small print for the checking account bonus:

To qualify for the incentive, this must be a new Free Checking account on a base savings account that does not already have a checking account. Minimum to open is $50. For the account to qualify for incentive you must accept and open online banking, online bill payment, eStatement, eNotice, direct deposit and a debit card.

MIDFLORIDA offers a free checking account with no monthly service charge. The checking account bonus is not that much, but if you’re going to open the CD, the checking bonus may be worthwhile.

Membership to MIDFlorida Credit Union is open to anyone who lives, works, worships or attends school in any of the following areas: Polk, Highlands, Okeechobee, Hardee, DeSoto, Glades and Sumter counties or portions of Martin, Hillsborough and Pasco counties. Membership requires a $5 minimum balance in the share savings account. Please refer to the credit union’s Q&A page for more details.

Bank rates may be out of date. Please check bank websites for current rates. Find & compare the best CD rates, savings accounts, and bank deals!

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