Dedicated to Deposits: Deals, Data, and Discussion

5.90% 12-Month CD at a Utah CU - and Other High Rates (Pacific Rails)


Pacific Rails Credit Union continues to offer several high yield certificates. The rates range from 5.40% APY for a 12-month term to 5.75% APY for a 60-month term. These have a minimum deposit of $1,000. Higher rates are available with higher minimum deposits of $25K, $50K, $75K and $95K. At the highest deposit level, the rates range from about 5.90% APY for a 12-month term to 6.25% APY for a 60-month term.

These rates are the same as what I had first reported in September. The rate table still lists September 15 as the effective date, so I called to see if these rates are still available. According to the CSR, the board will meet next Thursday and may decide on new rates. So these rates should remain valid at least until Friday, 1/12/07. The CSR also mentioned that there's no hard credit inquiry for joining the credit union or for deposit products.

The field of membership includes residents of Salt Lake County, Utah. Also members of a Catholic parish in Utah are also eligible. See site for details. A $25 deposit into a regular share savings account is required for membership.

The main office is located in Salt Lake City, Utah.

The credit union is NCUA insured. It's a small credit union with about $16 million in assets and 2,545 members.