5.17% 12-Month CD at a Texas CU
Apr 14, 2006 - 8:43 AM by Ken Tumin
Greater Texas Federal Credit Union has a special offer for their share certificates with terms of 12 months and longer. An APY of 5.17% is available on these CDs with a minimum deposit of $5K.
I first mentioned this credit union last January for their high long term CD rates for deposits over $50K. These rates are still in effect. They include a 5.63% APY 60-month, 5.47% APY 48-month, 5.26% APY 42-month and 5.16% 36-month. This is 50 basis points over the regular CD rates which have a $1K minimum. It's not clear if this extra rate would apply to the 5.17% special.
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.
I first mentioned this credit union last January for their high long term CD rates for deposits over $50K. These rates are still in effect. They include a 5.63% APY 60-month, 5.47% APY 48-month, 5.26% APY 42-month and 5.16% 36-month. This is 50 basis points over the regular CD rates which have a $1K minimum. It's not clear if this extra rate would apply to the 5.17% special.
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.
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Banking Guy (anonymous) - #1, Friday, April 14, 2006 - 11:58 AM
Update: I called the CSR and was told that the special 5.17% APY can not be combined with the extra 0.50% for deposits over $50K.
The special is scheduled to last through the end of April and may be extended after that.
The penalties are harsh for early withdrawal: half of the term in interest.
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