3.56% 60-Month CD & 3.30% 48-Month CD Continue at Qualtrust Credit Union in Texas - Local Only

Qualtrust Credit Union continues to offer competitive long-term certificate rates. The following rates are listed at the credit union's rates page as of 12/18/09:

• 3.56% APY 5 year
• 3.30% APY 4 year
• 2.78% APY 3 year
• 2.52% APY 2.5 year
• 2.27% APY 2 year

Above the rate table, it states that rates are subject to change every Tuesday. Minimum deposit is $1,000. According to the small print, the early withdrawal penalty is 180 days of dividends. The rates also apply to CDs in Traditional, Roth and SEP IRAs and in an Educational Savings Account.

The above rates are the same as when I last posted on this credit union in early November. At that time I didn't mention the CDs with terms from 2 to 4 years. With interest rates continuing to fall, these CDs are now very competitive.

Membership is open anyone who lives, works, plays or worships within a 10 mile radius of the credit union's Irving and Grapevine locations or in Tom Green County (location of their San Angelo office). Please refer to the credit union's About Us Page for more details. Membership requires a minimum balance of $5 in the share savings account.

The credit union's ratings for safety and soundness continues to be strong: 4 stars (sound) at Bankrate.com (based on 6/30/09 data) and 5 stars (superior) at BauerFinancial (based on 9/30/09 data). The credit union is federally insured by the NCUA (Charter # 68569).

Thanks to the reader who mentioned these CD rates in the Bank Deals hub page.

Other Competitive Certificate of Deposit Rates

• CD rates at DepositAccounts.com (overview of DepositAccounts.com)
• My weekly list of hot nationwide and local CD deals

Tags: CD rates, Qualtrust Credit Union, Texas