5.12% 2-Year CD at a Texas CU

The Randolph Brooks Federal Credit Union (RBFCU) has some high rates on its 24-month share certificate. The rate for a $1K minimum deposit is 5.01% APY. 5.17% APY is available for deposits of at least $75K. The list below summarizes the CD rates for the different minimums. These are also available as an IRA. The penalty for early withdraw is 120 days of interest which is lower than the typical 180 days for terms over 1 year.

2 Year Certificate of Deposit
APY    Minimum
-----  -------
5.17%   $75K
5.12%   $20K
5.06%    $5K
5.01%    $1K

RBFCU has consistently been offering rates over 5% for its 5-year, 6-year and 7-year CDs, however, the shorter term CDs haven't been competitive. This is the first time I've seen a rate over 5% on terms under 5 years.

RBFCU's field of membership includes residents of the Texas cities of San Marcos, Seguin and parts of Austin and San Antonio. It also includes residents of the Texas counties of Wilson and Caldwell.