Dedicated to Deposits: Deals, Data, and Discussion

5.80% 24-Month / 5.60% 6-Month CD at a Texas CU (Resource One)


Resource One Credit Union is offering high rates on several terms of its BumpUP and JumpUP certificates of deposit. These include a 5.60% APY 6-month CD, a 5.80% APY 24-month CD and a 5.85% APY 60-month CD. Several other terms are available. The minimum deposit is $1K. At least half of the money to fund the CD must be new money. The JumpUp CDs offer an additional 0.10% interest rate but require $90K minimum deposit.

The BumpUP CD allows for a one-time bump-up in the rate during the certificate term. The JumpUP CD has two opportunities to jump up. These features are often not useful with these special CDs since it's easy for the institution to offer other special CDs rather than these same CDs at higher rates. Nevertheless, these CD rates are very competitive regarless of this bump-up feature.

Resource One's field of membership includes those who live or work in Dallas or Northwest Harris (Houston) counties. There are also Select Employee Groups through which you can be eligible. See site for details. Membership application is available online. A minimum deposit of $25 into the share savings account is required for membership.

The credit union has branches in the Texas cities of Dallas, Garland, Grand Prairie, Irving, Mesquite and Houston.

Resource One is NCUA insured. It has $238 million in assets and almost 43,000 members.