Dedicated to Deposits: Deals, Data, and Discussion

5.00% 36-Month / 5.00% 84-Month CD at a Texas CU (SACU).


Update 2/2/08: The CD rates have fallen. Please check the credit union's website for the latest rates.

San Antonio Federal Credit Union (SACU) continues to list high certificate rates. The date on the rate table is 1/25/08 (after the massive Fed rate cut), so these rates may still be available. The highest rate is 5.00% APY for terms of 3, 7 and 10 years. The minimum deposit is $90,000. Some of the other high yields for the other CD terms include 4.80% APY for a 12-month term and 4.95% APY for a 24-month term. The yields for a $10K minimum are 5 basis points lower, and the yields for a $1K minimum are 10 basis points lower. These same rates and terms are also available as IRA share certificates.

I had last reported on these CDs in December when the yields were about a quarter of a percent higher. So these rates have yet to decline much considering the latest Fed rate cut.

The credit union is still offering 6.01% on its reward checking account called mY Generation Checking. I have more info on this reward checking account in this September post.

Membership is open to those who work for government or financial institutions in San Antonio or those in college in San Antonio. You can also be eligible via Select Employer Groups in San Antonio and in Houston and via family. Please refer to their membership application page for more details. Membership requires a minimum $5 deposit into the share savings account.

Branches are located in both Houston and San Antonio. The credit union is federally insured by the NCUA (Charter # 24382). It's a large credit union with $2.3 billion in assets and 242,218 members.

  Tags: CD rates

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