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Signature Federal Credit Union Offers High-Yield CDs and Credit Cards

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Discover how Signature Federal Credit Union offers competitive rates and rewards.

description: a photo of a smiling customer service representative at a signature federal credit union branch, helping a member with their finances.

Signature Federal Credit Union is a financial institution that offers a range of financial products and services to its members. From high-yield certificates of deposit (CDs) to credit cards with rewards, the credit union strives to provide its members with competitive rates and valuable benefits.

One of the credit union's most popular products is its CDs. A CD is a type of savings account that allows you to lock in a fixed interest rate for a specific term. At Signature Federal Credit Union, members can choose from a variety of CD terms, ranging from 6 months to 5 years. One of the most attractive CD options is the 3-year CD, which locks in your rate for 36 months. At the end of the term, you can decide whether to renew the CD or pocket the money.

Signature Federal Credit Union's CD rates are highly competitive, often beating the national average. For example, the national average APY (Annual Percentage Yield) on a 2-year CD is 1.43% APY. However, select online banks and credit unions pay up to 2.50% APY, and Signature Federal Credit Union is one of them. With an APY of 2.35% on its 2-year CD, the credit union offers a rate that is hard to beat.

But Signature Federal Credit Union isn't just about CDs. The credit union also offers a variety of credit cards that come with generous rewards and money-saving features. One of the top credit cards is the PenFed Platinum Rewards Visa Signature card, which offers 5x points on gas purchases, 3x points on grocery purchases, and 1x points on all other purchases. With no annual fee and a low APR, this card is a great option for anyone looking to earn rewards while saving money.

Another credit card that stands out is the Navy Federal Visa Signature Flagship Rewards card. This card offers 3x points on travel purchases, 2x points on all other purchases, and a sign-up bonus of 50,000 points after spending $4,000 in the first 90 days. With a $49 annual fee that is waived for the first year, this card is a great choice for frequent travelers.

Signature Federal Credit Union is also known for its excellent customer service. The credit union has a team of knowledgeable and friendly representatives who are available to answer questions and provide assistance. Members can access their accounts online or through the credit union's mobile app, making it easy to manage their finances from anywhere.

Recently, federal regulators closed the failed New York-based Signature Bank on March 12, and all deposits were transferred to the newly formed Signature Bank of Arkansas. This has caused some confusion among customers who were unaware of the difference between the two banks. However, Signature Federal Credit Union is not affiliated with either bank and is a separate entity.

In addition to its financial products and services, Signature Federal Credit Union is also committed to giving back to the community. The credit union supports local organizations and charities through donations and volunteer work. For example, the University of South Florida recently announced a more than $1 million gift, through a combination of scholarship endowments and title sponsorships, from Signature Bank to support student-athletes and academic programs.

Overall, Signature Federal Credit Union is a great choice for anyone looking for competitive rates on CDs and credit cards with generous rewards. With excellent customer service and a commitment to giving back to the community, the credit union is a top choice for many consumers.

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