4.15% 60-Month CD & 2.15% 12-Month CD at Neighborhood Credit Union in Texas - Local Only
Neighborhood Credit Union is offering some very competitive CD rates especially on longer terms. The best ones include a 3.15% APY 30-month CD, a 3.65% APY 48-month CD and a 4.15% APY 60-month CD. The mid-term CDs are not quite as good, but they're still quite competitive with a 2.15% APY for a 12 and 18 month term. Minimum deposit is $50,000. The rates are 15 basis points lower for a $2,500 minimum. The same rates are also available in IRA certificates. These rates are listed in the credit union's rates page as of 8/19/09. There's an effective date of 8/18/09 on the page.
The credit union also has a good CD deal for your children who are 12 to 17 years of age. It's called the Smart CD and it pays 10.00% APY for a maximum principal balance of $1,000. The CD matures when the child turns 18. So for a 12-year-old, you can get 6 years of 10% APY on an initial deposit of $1,000. That gives you an extra $500 over a 4% 6-year CD.
Membership is open to those who live or work within the City of Arlington, Dallas County or Ellis County or within 8 miles of any Neighborhood Credit Union branch. Refer to the credit union's How to Join Page for the full details. Membership requires a minimum balance of $25 in the regular savings account.
Neighborhood Credit Union's ratings for safety and soundness are decent: 3 stars (performing) at Bankrate.com and 4 stars (excellent) at BauerFinancial. Both ratings are based on 3/31/09 financial data. The credit union is federally insured by the NCUA (Charter # 67681).
Other Competitive Certificate of Deposit Rates
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|Neighborhood Credit Union|
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