Pacific Rails Credit Union continues to offer several high yield certificates. The rates range from 5.20% APY for a 6-month term to 5.65% 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 5.70% APY 6-month term to 6.15% APY 60-month term. The penalty for early withdrawal is 3 months of interest for terms under 2 years and 6 months for terms of 2 years and over.
These rates have gone down a bit since my last report on this credit union in January. The rate table still lists September 15 as the effective date. In January I called and was told that these rates were kept up-to-date. The CSR also mentioned that there's no hard credit inquiry for joining the credit union or for deposit products.
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 federally insured by th NCUA (Charter # 68365). It has $17.5 million in assets and 2,633 members.