Generations Federal Credit Union is offering a special 18-month certificate with a 2.35% APY for a $1,000 minimum and a 2.50% APY for a $100,000 minimum. Maximum deposit is $250,000 per qualified account holder. It's also available in an IRA. This deal is listed at the credit union's special offers page as of 4/13/2010.
Membership is open to those who live, work, attend school, worship or volunteer in Bexar County, Texas. Membership requires a minimum balance of $5 in the share savings account. Please refer to the credit union's membership page for more details.
Branches are located in several areas of San Antonio.
The credit union's ratings for safety and soundness are mixed: 4 stars (excellent) at BauerFinancial (based on 12/31/09 data) and 2 stars (below peer group) at Bankrate.com (based on 9/30/09 data). The credit union is federally insured by the NCUA (Charter # 4015).
Thanks to the reader who mentioned this deal in the Open Discussions Thread.
Searching for the Best CD Rates
Compared to what you can get at other institutions, a 2.35% APY is a great yield for an 18-month term. The best 18-month CD rate that's currently listed at Bankrate is only 1.79% APY. You can find higher nationwide rates in the CD rates section of DepositAccounts.com. The tables now have a new & improved format!