Platinum Federal Credit Union Certificate of Deposit (CD) Rates

Platinum Federal Credit Union which has branches in Georgia, Florida and Alabama, is offering certificate of deposit (CD) rates are very competitive right now. Platinum Federal Credit Union's CD rates are not the highest CD rates around but they are competitive on both the credit union's short term and long term certificate rates.

Platinum Federal Credit Union's CD rates are tiered and based on the certificate of deposit amount. The advertised certificate rates are for both regular certificates of deposit and IRA certificates of deposit. The minimum opening deposit for both types of accounts is $1,000. The best CD rates available are on deposits of $10,000 or more.

Current 6 month CD interest rates for deposits of $1,000 to $9,999 are at 0.75 percent with an APY of 0.75 percent. 6 month CD rates on account balances of $10,000 or more earn a CD rate and yield of 0.85 percent. Current bank CD rates on 6 month certificates of deposit are averaging only 0.17 percent; jumbo CD rates at banks are averaging 1 basis point more at 0.17 percent.

The highest bank CD rates on our rate list for 6 month certificates of deposit are from Doral Bank at 0.92 percent. So you can see that Platinum Federal Credit Union's certificate rates are considerably higher than the national average rates but are not the best credit union CD rates or bank CD rates available.

Certificate of Deposit (CD) Rates at Platinum Federal Credit Union

CD Rates on Deposits of $1,000 to $9,999

  • 6 month CD rate 0.75%
  • 12 month CD rate 0.90%
  • 24 month CD rate 1.00%
  • 36 month CD rate 1.25%
  • 60 month CD rate 1.75%

CD Rates on Deposit of $10,000 and Up

  • 6 month CD rate 0.85%
  • 12 month CD rate 1.00%
  • 24 month CD rate 1.25%
  • 36 month CD rate 1.50%
  • 60 month CD rate 2.00%

Platinum FCU provides all the benefits of a member-owned financial institution to anyone in the Jubilee Association.  Here is a list of the benefits by joining Platinum FCU:

  • Provides security for funds, with accounts insured up to $250,000 by the National Credit Union Administration, a U.S. government agency
  • Offers a full line of free or discounted financial products and services.
  • Provides dependable, friendly, personalized service.
  • Provides printed materials for the introduction and promotion of services.
  • Offers convenience.
  • Increases members' knowledge of financial options.
  • Extends membership privileges to family members.

You can get rate updates by following on Platinum FCU on Twitter here: Platinum FCU

You can also see how Platinum FCU's rates compare with bank CD rates available right now by searching our rate tables.

Author: Jason P. Jones
October 11th, 2012

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