Dedicated to Deposits: Deals, Data, and Discussion

5.00% 5-Year CD & 4.00% 18-month CD Continue at Community One FCU in Las Vegas

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Update 2/28/09: The CD rates have fallen. New rates are 4.50% APY for 5 years and 3.15% APY for 18 months.

Update 2/7/09: The CD rates have fallen. New rates are 4.75% APY for 5 years and 3.40% APY for 18 months.

Community One Federal Credit Union continues to offer very competitive certificate rates. The two best are the 18-month CD with a 4.00% APY and the 5-year CD with a 5.00% APY. Other competitive rates include a 3.35% APY 9-month CD and a 3.60% APY 12-month CD. Minimum deposit is $1,000. These are also available as IRA certificates. These rates are listed in the credit union's rate table as of 2/02/09.

My first post on these CD rates was in late December. I'm surprised to see these rates still listed on the credit union's website.

Full details of the accounts are described in the credit union's Truth in Savings Disclosure (pdf). Early withdrawal penalty for CD terms over one year is 180 days of interest.

Membership is open to all those who live, work, worship or attend school in Clark County. Please refer to the credit union's membership page for more details. Membership requires a minimum balance of $25 in the Prime Share Savings Account.

Community One FCU has 8 branches located in Las Vegas, Nevada.

The credit union's ratings for saftey and soundness are weak: 1 star (lowest) at Bankrate.com and 2 stars (problematic) at BauerFinancial. Both ratings are based on 9/30/08 financial data. As I recommend with any credit union or bank, it's best to stay under the insured limits. The credit union is federally insured by the NCUA (Charter # 13431).
  Tags: Nevada, CD rates, IRA rates

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