Dedicated to Deposits: Deals, Data, and Discussion

3.80% 60-Month CD Continues at PrimeWay Federal Credit Union in Houston - Local Only

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PrimeWay Federal Credit Union
PrimeWay Federal Credit Union continues to offer two competitive long-term certificate rates: 3.80% APY for a 5-year term and 3.29% APY for a 4-year term. Minimum deposit is $500. These are also available in an IRA certificate. Elite and Premier Checking Account holders receive an additional 25 basis points on certificates. These rates are listed in the credit union's rates sheet (pdf) as of 11/30/09.

More details on these CDs are available from the credit union's disclosure. According to the disclosure, the penalty for early withdrawal for terms over one year is 180 days of dividends on amount withdrawn.

Membership is open to those who live, work, worship, go to school in the City of Houston or Washington County. Please refer to the credit union's membership page for the full details. Membership requires a minimum deposit of $25 into the savings account.

Branches are located in Houston and Brenham, Texas. The credit union is part of the CU Service Centers which allows you to conduct many transactions at other credit unions which are part of this network.

My last post on this credit union was in September. These rates have remained since then. Hopefully, they won't change with the new month tomorrow.

Primeway FCU continues to have strong ratings for safety and soundness: 4 stars (excellent) at BauerFinancial and 4 stars (sound) at Bankrate.com. Both ratings are based on 6/30/09 financial data. The credit union is federally insured by the NCUA (Charter # 2131).

Other Competitive Certificate of Deposit Rates

  Tags: PrimeWay Federal Credit Union, CD rates, IRA rates, Texas

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