4.06% 15-Month CD at a Texas Credit Union (Velocity).

Update 6/24/08: This special has been extended. The new expiration date is 6/27/08.

Velocity Credit Union is offering a special 4.06% APY 15-month share certificate. The minimum deposit is $5,000. It's also available as an IRA certificate. The special CD is scheduled to expire on June 20, 2008.

This is the third 4-percent-plus special CD this credit union has offered this year. In March they were offering a 4.32% 9-month CD and in April they were offering a 4.06% 12-month CD.

Membership is open to those who live or work in one of the following Texas counites: Travis, Williamson, Hays, Bastrop or Caldwell. Please refer to their Eligibility Page for more details. Membership requires a minimum $5 deposit into the savings account.

Branches are located in Austin and Round Rock. The credit union is federally insured by the NCUA (Charter # 68359). It has $437.2 million in assets and 85,023 members.

Tags: CD rates, Texas, Velocity Credit Union