Update 3/15/08: The CD rates have fallen. The 84-month Jumbo yield has fallen from 4.85% to 4.50% APY, and the 18-month Jumbo yield has fallen from 4.50% to 4.25% APY. The title has been changed.
San Antonio Federal Credit Union (SACU) continues to have competitive certificate rates. The highest yield is 4.85% APY for a 7 year term and a $90K minimum deposit. For shorter terms, the yields range from 4.35% APY for a 6-month term to 4.65% APY for a 60-month term. Rates are 5 basis points lower for a minimum deposit of $10,000. The same rates are also available in an IRA. These rate table has a 2/22/08 date, so these rate may last at least through next week.
I last reported on this credit union in December 2007 when it was offering yields as high as 5.25%.
The credit union is still offering a high yield reward checking account, but the yield has recently fallen from 6.01% to 5.01% APY. 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 $2.4 billion in assets and 242,776 members.