5.63% 5-year CD at a Texas CU

At some banks and credit unions, you can get substantially better rates with deposits of at least $50K. This is a large amount but well within the NCUA and FDIC limits. The Greater Texas Federal Credit Union publicly offers 0.50% higher rates on CDs with terms of 3-years and over for deposits of $50K or higher. This results in some nice rates on long-term CDs such as 5.63% APY 60-month, 5.47% APY 48-month, 5.26% APY 42-month and 5.16% 36-month. Even without the $50K deposit, the rates are not bad. These term share certificates only require a $1K minimum deposit. The 5-year rate is 5.13% and the 4-year rate is 4.97% APY.

The credit union's field of membership includes residents of Bryan-College Station, Bastrop, East or Central Travis County or Central Hidalgo County areas. Branches are located in Austin, Arlington, Bastrop, Bryan, College Station, Dallas, Edinburg, Houston and San Antonio.

The best long-term CDs continue to be at Penfed Credit Union which offers 3-year, 4-year, 5-year and 7-year CDs with rates of 5.50%, 5.50%, 5.75% and 6.00% APY (see post). The best 5-year CD rate listed today at Bankrate.com is 5.10% APY at Assurance Partners Bank of Bethesda, Maryland.