Update 4/26/08: The CD rates have fallen a little again. For a $10K minimum deposit, the 24-month CD yield is 3.85% APY and the 60-month yield is 3.95% APY. The title has been modified to reflect this change.
Update 4/19/08: The CD rates have fallen a little. For a $10K minimum deposit, the 24-month CD yield is 3.90% APY. The 60-month CD yield is still 4.00% APY.
San Antonio Federal Credit Union (SACU) continues to have competitive certificate rates. The rates are down from my last report in February, but they're still attractive in today's rate environment. The best yield is 4.05% APY for terms of 24 months to 10 years. This requires a $90,000 minimum deposit. A 4.00% APY is available with a $1,000 minimum deposit.
The credit union is still offering a high yield reward checking account with a current yield of 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.