Vystar Credit Union review: High interest rates on CDs with a low minimum opening deposit

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Overall credit union rating

Feature	Insider rating (out of 5)
Savings	3.75
Checking	4
CD	3.75
Money market	4
Trustworthiness	5
Total	4

Pros and cons

Pros	Cons
Featured in our best credit unions of Florida guide and best 5-year CD rates guide High interest rates on CDs, especially on high account balances Low minimum opening deposits on all accounts Free savings and checking accounts	Branches available only in Georgia or Florida Low interest rates on savings account Interest compounded monthly, not daily on some accounts

Savings

VyStar Primary Savings Account

To become a member of Vystar, you must open a savings account with at least $5. You may like the VyStar Primary Savings Account if you are looking for a free savings account.

It only earns VyStar Primary Savings Account, so you’ll want to glimpse through our best high-yield savings accounts guide if you’d prefer an account with a higher interest rate.

Checking

VyStar Credit Union Free Checking Account

The VyStar Credit Union Free Checking Account requires no minimum opening deposit and doesn’t charge monthly service fees. With early direct deposit, you could also get your paycheck processed up to two days early. 

CD

VyStar Credit Union Certificate of Deposit

Vystar Credit Union offers high interest rates on VyStar Credit Union Certificate of Deposit. It pays a higher interest rate if you deposit at least $50,000, but its CD rates are still competitive if you only put in $500. 

The one thing you’ll want to watch out for are early withdrawal penalties, which might be high depending on the term you choose.

Money market account

Vystar Credit Union Money Market Account

The Vystar Credit Union Money Market Account is an excellent choice if you’d like easy access to your account — it includes an ATM card and checks. It pays a higher interest rate than the VyStar Primary Savings Account and requires no minimum opening deposit. 

How Vystar Credit Union works

Vystar Credit Union is a brick-and-mortar financial institution with 62 full-service branches in Florida and Georgia. It has 235 Vystar ATMs sprinkled between the two Southern states. Members also have access to over 20,000 surcharge-free ATMs. 

Membership is open to anyone who lives or works in an eligible Florida or Georgia county on this list. Active military and veterans living anywhere in the world are also eligible. To join, you’ll need to open a savings account and deposit at least $5. 

Customer service is available over the phone or through online chat every day from 7:00 a.m. to 7:00 p.m. 

If you’re an avid mobile app user, you might prefer banking elsewhere. The credit union’s mobile app has 3.2 out of 5 stars in the Google Play store and 2.4 out of 5 stars in the Apple Store. 

Vystar is federally insured by the NCUA. Up to $250,000 is protected in an individual bank account. 

Is Vystar Credit Union trustworthy?

Vystar Credit Union hasn’t been involved in any recent public scandals.

We also include ratings from the Better Business Bureau, which grades companies by how they respond to customer issues and whether they have transparent business practices.

Vystar received an A+ rating from the BBB.

A good BBB rating isn’t necessarily the end-all-be-all. Talk to current members of Vystar or read online customer reviews to see if it’s a suitable option for you. 

How Vystar Credit Union compares 

We compared VyStar Credit Union to two other financial institutions featured in our best banks and credit unions in Florida guide: Bank of America and Ally Bank.

Savings APY VyStar Primary Savings Account	Savings APY Bank of America Savings Account	Savings APY Ally High Yield Savings Account
Standout feature High interest rates on CDs	Standout feature Variety of checking and savings accounts	Standout feature High-yield savings account
VyStar Primary Savings Account		Ally High Yield Savings Account

Deciding between these three financial institutions will ultimately depend on your account preferences. 

Ally Bank pays the highest rates on savings accounts, but with CDs, it may come down Ally or Vystar. Vystar has a tiered interest rate on CDs, so you can earn a higher rate if you’re able to deposit a minimum of $50,000 in a term. 

If you’re searching for a checking account, each financial institution has a worthwhile option.

Bank of America offers the greatest variety of checking accounts. With the Bank of America Advantage Plus Checking Account, there are several ways to waive the $12 monthly service fee. You’ll also have access to a national branch and ATM network. 

Ally and Vystar both offer free checking accounts. The Ally Interest Checking Account offers a higher interest rate. Meanwhile, the VyStar Credit Union Free Checking Account provides early direct deposit, so your paycheck can get processed up to two days early.

Related Content Module: More Savings Coverage