8.30% 12-Month CD at a Texas CU ($2K Max)

Baptist Credit Union is offering a 8.30% APY 1-year certificate of deposit. There's no minimum deposit. The maximum deposit limit is $2K per member. Money must be new to the credit union.

This interest rate is about 3% above the best 1-year CDs. So for one year with a $2K deposit, this CD will earn you about an extra $60 compared to a 5.30% CD. Unlike other similar past deals (10% CD and 8% CD), this one doesn't seem to require a checking account.

The credit union is also advertising an auto refinance deal of 0.5% below your current rate with a minimum APR of 5.0%.

These deals are not advertised at the BCU's website, but were advertised in yesterday's Dallas Morning News. The ad is available online here.

The field of membership includes members of churches belonging to the San Antonio Baptist Association and the Dallas Baptist Association. It also includes other employee groups. Branches are located in the Texas cities of San Antonio, Dallas and Mesquite.

BCU is NCUA insured. It's a small credit union with 7,000 members and $20 million in assets.