Best Long-Term CD and IRA CD Rates in Texas Continue at Qualtrust Credit Union - 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 5/18/2010:

• 3.56% APY 60 months
• 3.30% APY 48 months
• 2.78% APY 36 months
• 2.52% APY 30 months
• 2.02% APY 24 months

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 December except for the 2-year rate which has fallen by 25 basis points.

The credit union has just opened a new branch in the city of Flower Mound which is in the northwest suburbs of Dallas.

Membership is open to 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 are at or above average: 3 stars (performing) at Bankrate.com, 4 stars (excellent) at BauerFinancial and an overall health score of 4 out of 5 at DepositAccounts.com (see our Qualtrust Credit Union rates and reviews page). All the ratings are based on 12/31/09 financial data. The credit union is federally insured by the NCUA (Charter # 68569).

Searching for the Best CD Rates

To search for the best nationwide CD rates and the best CD rates in your state, please refer to the CD rates section of DepositAccounts.com. The tables now have a new & improved format!