Guaranteed Growth.
Defined Terms.
Space Coast Credit Union offers a disciplined approach to savings. Our Certificates of Deposit (CDs) provide a secure environment for your capital to appreciate with predictable yields and the atmospheric security of NCUA insurance.
Standard Certificate Rates
Our standard CD accounts require a $500 minimum opening deposit. Rates are fixed for the duration of the term, providing a hedge against market volatility. Space Coast Credit Union cd rates are updated daily to reflect current fiscal conditions.
*Annual Percentage Yield (APY) assumes dividends remain on deposit until maturity. Penalties apply for early withdrawal. Minimum balance of $500 required to earn the stated APY.
The Strategy of CD Laddering
For members seeking both liquidity and high returns, we recommend a CD laddering strategy. By dividing your total investment across multiple space coast credit union accounts with staggered maturity dates (e.g., 12, 24, 36, and 48 months), you ensure that a portion of your capital becomes available every year. This protects you from being locked into lower rates if the market climbs while maintaining access to cash flow.
If interest rates rise, you can reinvest the maturing portion into a new long-term CD at the higher rate. If rates fall, you still have significant funds locked into the previous higher yields.
Individual Retirement Account (IRA) Certificates
Space Coast Credit Union also offers CD options within Traditional and Roth IRA structures. These accounts combine the tax-advantaged status of an IRA with the fixed-rate stability of a certificate. It is an ideal solution for members nearing retirement who want to protect their principal while generating reliable growth.
Institutional Stability
Since 1951.
Investment at sccu is grounded in the cooperative philosophy. Unlike commercial banks, our earnings are returned to members in the form of higher dividend rates and lower fees. This is the structural advantage of a credit union.
Whether you are managing a personal windfall or building a long-term retirement corpus, our certificates provide the baseline of security needed for a diversified portfolio.
- 7-day grace period following CD maturity for renewals.
- Automated renewal options for hands-off growth.
- Direct deposit integration for monthly dividend payouts.
CDs vs. Money Markets
Selecting the right vehicle for your liquid assets.
Certificates (CDs)
Yield: Generally higher than liquid accounts.
Access: Limited; principal is locked for a set term.
Rate: Fixed; guaranteed return regardless of market drops.
Best for: Savings goals with a known timeline (e.g., buying a home in 2 years).
Money Market
Yield: Tiered; increases with higher balances.
Access: High; limited check-writing and debit access.
Rate: Variable; fluctuates based on current market conditions.
Best for: Emergency funds or short-term reserves needing immediate access.
Terms & Disclosures
What happens at maturity?
At the end of your term, you have a 7-day grace period to withdraw funds or change your term length. If no action is taken, the CD will automatically renew for the same term at the prevailing market rate. You can manage these settings through sccu online banking login.
Are there penalties for early withdrawal?
Yes. Certificates of Deposit are designed for funds you do not need immediate access to. Withdrawal of principal prior to the maturity date will result in a penalty based on the term of the certificate. For terms of 12 months or less, the penalty is typically 90 days of dividends. Use your sccu signin to view specific account disclosures.
Opening an account for a minor?
We offer specialized space coast credit union accounts for younger savers to help them learn the value of compound interest. A joint adult owner is required for any certificates opened for members under the age of 18.
New to Space Coast?
Joining the credit union is simple. If you live or work in one of our served counties, you are eligible for membership. You can open your membership and your first CD in a single application.
Personal Assistance
Professional wealth management and investment planning are available by appointment. Contact our space coast credit union customer service team to find an advisor near you.
+1 212-550-4357
Mon-Fri: 9:00-18:00
123 Main Street, Suite 400, New York, NY 10004, USA