Update 3/22/08: The CD rates have gone down. Please check the financial institution's website for the latest rates.
University Federal Credit Union has several high certificate rates. The best rates are on what's called Web Certificates which provide a rate premium when you open a certificate online. The competitive yields range from 4.10% APY for a 6-month term to 4.60% APY for a 60-month term. The minimum deposit is $2,500.
The credit union also offers a nice CD for children with a 4.75% APY for a 12-month term with a maximum deposit of $15,000. It's called a Certs-Up Certificate, and additional deposits are allowed any time in any amounts. Lower rates are earned on balances over $15,000.
Membership is open to members of either the University of Texas Longhorn Association or the Wheatsville Co-op. The Longhorn association requires a one-time $20 donation, and the Weatsville Co-op has a $15 membership fee. The credit union has an online application which allows you to select one of these associations to join. Please refer to the credit union's Who-May-Join page for the full details. Credit union membership requires a one-time fee of $1 and a minimum deposit of $5 in the savings account.
Branches are located in the Texas cities of Austin, Round Rock and Galveston. The credit union is federally insured by the NCUA (Charter # 1367). It has $818.5 million in assets and 121,285 members.