Dedicated to Deposits: Deals, Data, and Discussion

2.15% 9-Month CD & 2.00% 5-Month CD at EDS Credit Union in Several States - Local Only


EDS Credit Union has cut its special certificate rates since my last post, but the special rates remain very competitive. One is a 9-month special with a 2.00% APY for a $1,000 minimum and a 2.15% APY for a $50,000 minimum. The 5-month CD special now has a 2.00% APY. Minimum deposit is $25,000. The standard certificate rates are also fairly competitive. The most competitive include a Jumbo 18-month CD with a 2.20% APY and a Jumbo 60-month CD with a 3.40% APY. These rates are listed in the credit union's rates page as of 10/22/09.

In addition to EDS employees, membership is open to persons who live or work in Collin County, Texas. Also, eligible are persons who live, work, worship or attend school within a 10-mile radius of certain EDS Credit Union locations. For more details on eligibility, please refer to the credit union's How to Join page. In the online application, many of the eligibility details are listed in a form. A reader in my previous post mentioned that the credit union's California branch is unable to accept local residents until November 1st. The easiest way to find out about eligibility and to learn about the best way to apply is to call their toll-free number at 800-337-3328 (Option 5).

Branches are located in Plano, Frisco and Carrollton, Texas; Santa Ana, California; Auburn Hills, Pontiac, Detroit and Troy, Michigan; Camp Hill, Pennsylvania; Herndon and Sterling, Virginia. Note, several branches are inside secure buildings (probably EDS facilities) and have limited access.

EDS Credit Union's ratings for safety and soundness are strong: 4 stars (excellent) at BauerFinancial and 4 stars (sound) at Both ratings are based on 6/30/09 financial data. The credit union is federally insured by the NCUA (Charter # 68505).

Other Competitive Certificate of Deposit Rates

  Tags: California, Virginia, Michigan, Pennsylvania, CD rates, Texas

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