6.00% 12-Month CD at a Texas CU (Texans).
Aug 13, 2006 - 4:06 PM by Ken Tumin
Texans Credit Union has a special 6.00% APY 12-month certificate. The minimum deposit is $1K. The CD is also available for an IRA.
The credit union is still advertising a $100 bonus for opening a checking account with direct deposit. I had first reported on this $100 bonus last month.
The last CD special this credit union was offering was a 5.35% APY 48-month CD that I had reported on in April. It's interesting to note that this old 48-month CD special had a bump-up option. The current APY of the 48-month bump-up CD is only 5.17%. This is a good example of the problem of bump-up CDs. The institution will often raise rates but not for the term of your bump-up CD.
The field of membership includes those who live in the Texas counties of Collin, Dallas, Rockwall, Travis and Williamson. The credit union has branches in Dallas, Austin and Houston.
Texans Credit Union is NCUA insured. It's a large credit union with $1.6 billion in assets and over 156K members.
The credit union is still advertising a $100 bonus for opening a checking account with direct deposit. I had first reported on this $100 bonus last month.
The last CD special this credit union was offering was a 5.35% APY 48-month CD that I had reported on in April. It's interesting to note that this old 48-month CD special had a bump-up option. The current APY of the 48-month bump-up CD is only 5.17%. This is a good example of the problem of bump-up CDs. The institution will often raise rates but not for the term of your bump-up CD.
The field of membership includes those who live in the Texas counties of Collin, Dallas, Rockwall, Travis and Williamson. The credit union has branches in Dallas, Austin and Houston.
Texans Credit Union is NCUA insured. It's a large credit union with $1.6 billion in assets and over 156K members.
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Anonymous - #1, Monday, July 17, 2006 - 2:42 PM
This is a great credit union of which i am currently a member!!!!
Banking Guy (anonymous) - #2, Monday, July 17, 2006 - 7:03 PM
Just found out from a call to the credit union's CSR that the $100 checking account bonus is only available at the specific branch listed in the ad.
About the 12-month special CD, there's a 180-day early withdrawal penalty.
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