Certificates of Deposit (CD)

A VyStar Certificate of Deposit (CD) offers you the opportunity to lock in a fixed rate of interest to earn on your money over a specific time period. Lock in your earning power and enjoy high yields for the term of your choice – from three months to five years.

A minimum deposit of $500 gets you started. We also provide tiered rates for higher balances. An early withdrawal penalty may apply. Interest paid may be withdrawn by the account holder from the account without penalty, but will reduce the earnings.

View Current Certificate Rates

18-Month Step-Up Certificates

For additional rate flexibility, you may want to open a certificate with a one-time option to adjust to a higher rate before the certificate matures. This is what our 18-month certificate has to offer.

You can also add amounts of $2,000 or more at any time during the 18-month term. An early withdrawal penalty may apply. Dividends earned are compounded and paid monthly, so your dividends keep on earning dividends. We never forget it’s your money, and we want that money to work for you.

To get started or for assistance, talk to a VyStar Representative today. Call 904-777-6000, 800-445-6289 or stop by any VyStar branch.

How To Get Started

You have a few options for opening a CD at VyStar:

Online via Online Account Opening: Open a CD

Online via Internet Banking: Click the “Login” button at the top-right corner of this screen to sign in, then click on “Settings/Service” at the top right corner, and select “Open a New Account” under the “Additional Services” menu.
In person: Visit your local VyStar branch
By phone: Call our Contact Center at 904-777-6000 or 800-445-6289

Certificates of Deposit FAQ

If I am already a member, how can I open a CD?

Current members can open a CD:

In person by visiting your local VyStar branch
Online via Internet Banking: Just click the “Login” button at the top-right corner of this screen to sign in, then click on “Settings/Service” at the top right corner, and select “Open a New Account” under the “Additional Services” menu.
By phone: Call our Contact Center at 904-777-6000 or 800-445-6289.

What are the requirements for opening a CD at VyStar?

VyStar Credit Union offers three different types of CDs:

CD	Requirements
Regular & IRA	Minimum opening amount of $500 No additional deposits during the term Set term and set rate
18-Month Step-Up	Minimum opening amount of $500 Funds may be added during the term with a minimum of $2,000 Set term of 18 months Rate may be stepped up one time during the term
Kid’s Club, VyTeen, Bravo & Achieve	Minimum opening amount of $100 Maximum balance of $2,000 Funds may be added during the term with a minimum of $25 Set term of 12 months Set rate

What are the terms and penalties?

Penalties for early withdrawal prior to a CD’s maturity date are calculated based on the term of the certificate and the amount that is withdrawn.

Certificate Terms	Penalty Loss of Dividends
3 months	60 days
6 months, 9 months	90 days
12 months, 18 months, 24 months, 30 months, 36 months	180 days
48 months, 60 months	365 days

Are my certificates insured?

Yes. VyStar certificates of deposit are insured by the National Credit Union Share Insurance Fund (NCUSIF) up to an aggregate of $250,000.

What is the grace period?

The grace period is seven calendar days after the maturity to allow the member to make any changes penalty-free. If a withdrawal is made on the 8^th, 9^th or 10^th day after the 7-day grace period, dividends accrued will be forfeited.

Can withdrawals be made without closing the certificate?

Yes. Members can make a partial withdrawal as long as the remaining principal balance is at least:

$500 for regular and IRA certificates
$100 for Kids Club, VyTeen, Bravo and Achieve certificates

What happens to my certificate when the term is up?

When your certificate reaches its maturity, it will automatically renew at the same term for the current rate.

How do I ladder or stack CDs?

Maximize your CD earnings for retirement by laddering. It’s a way to take advantage of earning at higher interest rates by spreading maturity dates over a period of time. It’s a good option for a mature savings portfolio.

Example: instead of investing all of your money into one certificate, divide it into five separate certificates and purchase a one-year, two-year, three-year, four-year and five-year certificate. Each year, you roll the certificate that comes due into a generally higher-yielding five-year certificate. After five years, all your certificates will be earning the higher rate of interest at the time and, even better, you’ll have liquidity. This method helps ensure that you always have access to part of your funds within one year.

To get started or to learn more, talk to a VyStar Representative today to find out if a CD is right for you. Call (904) 777-6000, 1 (800) 445-6289 or stop by any VyStar branch.