Dedicated to Deposits: Deals, Data, and Discussion

7.00% 7-Month CD at a Texas CU - $2.5K Max (Beacon).

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Beacon Federal Credit Union
Beacon FCU is offering a 7.00% APY 7-month share certificate. The minimum deposit is $1,000, and the maximum is $2,500 per member. This special isn't listed at the credit union's website. A reader emailed me info on this, and I called today for additional info. I was told that this special is scheduled to end on 8/31/07.

The $2.5K cap hurts this deal, but it was just high enough that it may be worthwhile to some. With the maximum $2.5K deposit, you'll earn about $29 over what you would earn in a 5% account. At least it doesn't require a checking account or direct deposit.

Membership is open to anyone who lives, works, worships, or attends school in areas east of Houston around Galveston Bay. Please see their About Us page and the pdf field-of-membership link for the full detals. Membership requires a minimum deposit of $5 into the savings account.

Branches are located in La Porte, Baytown and Seabrook, TX. The credit union is federally insured by the NCUA (Charter # 6062). It has $85.7 million in assets and 15,217 members.

Thanks to the reader who emailed me info on this special.

  Tags: CD rates, Beacon Federal Credit Union, Texas

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