Check out the most updated EFCU Financial CD Rates, Offers, and Promotions here.
Best CD Rates: Jumbo CDs – 60-month (3.85% APY) and 12-month (2.85% APY), $100k minimum. The minimum opening deposit for any Jumbo CD is $100k. EFCU also has non-Jumbo CDs ($500 minimum) in all term-lengths, offering APYs a uniform 10 bps lower.
Editor’s Note: No longer accepting membership outside of their area. This is on their website
Due to reaching our deposit cap for members joining via Volunteer Eligibility, we have paused all online membership applications.
If you live, work or worship in one of our nine surrounding parishes in Louisiana and want to apply for membership, you can visit one of our branch locations; or, apply online in a few days when we will have our online application up again.
Please visit our website for a list of membership qualifying parishes.
If you do not live, work or worship in one of our nine surrounding parishes, unfortunately you do not qualify for membership at this time.
Effective 8/16/2022
Availability: Nationwide
Easy Membership Requirement: any U.S. citizen/resident alien is eligible to join through a membership in the EFCU Financial Foundation or the Louisiana Wildlife Foundation.
Individuals who live, work, worship, or attend school in the Louisiana parishes of Ascension, East Baton Rouge, East Feliciana, Iberville, Livingston, Point Coupee, St. Helena, West Baton Rouge, or West Feliciana also qualify for membership.
About EFCU Financial
EFCU Financial was established in Baton Rouge, Louisiana as only the 13th chartered credit union in the entire country. Today, they serve over 40,000 members and manage more than $400 million in assets. They are a local community business committed to improving the lives of their members through comprehensive financial solutions.
EFCU Financial offers a vast array of products including CD options for all of your specific financial needs. From checking and savings account to loans and CDs, you are bound to find one that works for you.
Standard CD Rates
| Term | APY Rate | Minimum Deposit |
| 6 Month | 2.00% | $500 |
| 12 Month | 2.75% | $500 |
| 18 Month | 2.75% | $500 |
| 24 Month | 2.75% | $500 |
| 30 Month | 3.00% | $500 |
| 36 Month | 3.25% | $500 |
| 48 Month | 3.50% | $500 |
| 60 Month | 3.75% | $500 |
Jumbo CD Rates
| Term | APY Rate | Minimum Deposit |
| 6 Month | 2.10% | $100,000 |
| 12 Month | 2.85% | $100,000 |
| 18 Month | 2.85% | $100,000 |
| 24 Month | 2.85% | $100,000 |
| 30 Month | 3.10% | $100,000 |
| 36 Month | 3.35% | $100,000 |
| 48 Month | 3.60% | $100,000 |
| 60 Month | 3.85% | $100,000 |
*The above rates are accurate as of 08/16/2022*
EFCU Financial CD Rates
CDs are a certificate issued by a bank to a person depositing money for a specified length of time. Usually the longer of a term, the higher APY rate you make.
EFCU Financial’s Best CD Offer is a 3.85% APY rate for their 60-month term Jumbo CD. They currently offer standard CD rates from 6-months to 60-months. If you’re interested in making a higher rate than a traditional savings account then make sure to check out EFCU Financial’s CDs. You can open an account online here.
- Minimum deposit: $500
- Maximum deposit: None listed
- Early withdrawal penalty: 12 months or greater is a loss of six months’ dividends.
(NCUA Insured)
Editor’s Note: EFCU Financial does a hard pull via Equifax in the membership application process.
| Alliant Credit Union 12-Month Certificate (4.05% APY) | Quontic Bank CD (Up to 4.25% APY) |
| Western Alliance Bank 3-Month CD (4.50% APY) | Western Alliance Bank 12-Month CD (4.25% APY) |
| Ponce Bank 3-Month CD (4.25% APY) | Blue Federal Credit Union 9-Month No Penalty CD (3.75% APY) |
| Sun Canyon Bank 11-Month CD (3.98% APY) | Ponce Bank 4-Month No-Penalty CD (4.15% APY) |
EFCU Financial CD Features
- Low minimum balance requirement
- Competitive rates on all CD terms
- Free online and mobile banking
- Insured by the NCUA up to the maximum allowed by law
Bottom Line
Looking for a short term or long term CD? Then look no further as EFCU Financial offers you various CD terms from 6 to 60 months. You will be able to fully take control of your funds through their products and services and also maximize your saving potential.
This is ideal for accounts like Certificate of Deposits, which require very little maintenance. The rates are worth a look, but always compare them with the nation’s best using our guides: CD Rates | Savings Rates.
*I recommend to take a look at Discover Bank Promotions here to find competitive rates without a limited product line.
| Service Credit Union | 4.50% APY 6-Month CD | Review |
| Western Alliance Bank | 4.50% APY 3-Month CD | Review |
| Western Alliance Bank | 4.40% APY 6-Month CD | Review |
| Rising Bank | 4.40% APY 6-Month CD | Review |
| Rising Bank | 4.35% APY 15-Month CD | Review |
| First Tech Federal Credit Union | 4.35% APY 13-Month Share Certificate | Review |
| Quontic Bank | Up to 4.25% APY CD | Review |
| Western Alliance Bank | 4.25% APY 12-Month CD | Review |
| Ponce Bank | 4.25% APY 3-Month High Yield CD | Review |
| Sallie Mae | 4.25% APY 14-Month CD | Review |
| Live Oak Bank | 4.20% APY 12-Month CD | Review |
| Live Oak Bank | 4.20% APY 12-Month Business CD | Review |
| Ponce Bank | 4.15% APY 4-Month No-Penalty CD | Review |
| Discover Bank | 4.10% APY 24-Month CD | Review |
| First Mid Bank & Trust | 4.08% APY 9-Month CD | Review |
| Alliant Credit Union | 4.05% APY 12-Month Certificate | Review |
| Sun Canyon Bank | 3.98% APY 11-Month CD | Review |
| Sallie Mae | 3.95% APY 10-Month CD | Review |
| Western Alliance Bank | 3.85% APY 5-Month CD | Review |
| GreenState Credit Union | 3.80% APY 10-Month CD | Review |
| Blue Federal Credit Union | 3.75% APY 9-Month No Penalty CD | Review |
| Blue Federal Credit Union | 3.75% APY 15-Month CD | Review |
| CIT Bank | 3.50% APY 13-Month CD | Review |
| CIT Bank | 3.50% APY 11-Month No-Penalty CD | Review |
| Southwestern National Bank | 3.40% APY 8-Month CD | Review |
| First Financial Northwest Bank | 3.00% APY 12-Month CD | Review |
| Ponce Bank | 3.00% APY 1-Month High Yield CD | Review |
| CIT Bank | 3.00% APY 6-Month CD | Review |
| CIT Bank | 3.00% APY 18-Month CD | Review |
This is a great opportunity to invest in a high-interest CD from EFCU Financial. However, you may want to compare them with our best CD Rates:
- Best 6-Month CD Rates
- Best 9-Month CD Rates
- Best 12-Month CD Rates
- Best 18-Month CD Rates
- Best 24-Month CD Rates
- Best 36-Month CD Rates
- Best 48-Month CD Rates
- Best 60-Month CD Rates
You might even find yourself earning more than a regular savings account. Be sure to apply as soon as you can to start your new account experience. Check back often for the latest EFCU Financial CD rates!
Disclaimer: Rates / APY terms above are current as of the date indicated. These quotes are from banks, credit unions and thrifts. Bank, thrift and credit union deposits are insured by the FDIC or NCUA. Contact the bank for the terms and conditions that may apply to you. Rates are subject to change without notice and may not be the same at all branches.
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