Dedicated to Deposits: Deals, Data, and Discussion

3.65% 6-Month / 3.75% 12-Month CD at a Texas CU (Austin Telco).


Update 6/07/08: The CD rates have fallen. Please check the credit union's website for the latest rates.

Austin Telco Federal Credit Union has some competitive rates on its share certificates. The short term certificates are the best deals with a 3.65% APY for a 6-month term and a 3.75% APY for a 12-month term. The minimum deposit is $1,000. An extra 10 basis points is added for Jumbo certificates (minimum deposit of $95,000). These are also available as IRA certificates.

Membership is open to anyone living, working, worshiping or attending school in Austin's five county Metropolitan Area (Travis, Williamson, Hays, Bastrop and Caldwell Counties). Please refer to the credit union's membership page for more details. Membership requires a minimum balance of $25 in your share savings account. I've been told that Austin Telco FCU does a hard credit pull when you join.

Branches are located in the Central Texas cities Austin, Bastrop, Round Rock and Cedar Park. The credit union is federally insured by the NCUA (Charter # 4584). It has $631.4 million in assets and 59,951 members.

  Tags: CD rates, Texas

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