Security Service Federal Credit Union continues to offer a competitive 15-month CD and IRA CD special. The yields vary based on the balance:
- 1.85% APY $500 to $25K
- 1.90% APY $25K to $50k
- 1.95% APY $50K to $100K
- 2.00% APY $100K+
The CD promotion includes other terms, and these have become more competitive as rates at other banks have fallen. The top rates are 2.05% APY for the 24-month CD and a 2.55% APY for a 36-month CD. The standard rates for the 5-year and 7-year CDs are also fairly competitive with top rates of 3.10% APY and 3.70% APY.
The rates are listed in the rates table (pdf) as of 6/27/2010. The 15-month CD special was also advertised in today's Denver Post, so hopefully this is an indication that the 2% rate will continue for a while.
Membership is open to those who live, work or worship in Central Texas counties of Medina, Atascosa, Uvalde or South Bexar in addition to other areas. In South Texas the eligible counties include Cameron, Hidalgo, Aransas, San Patricio and Nueces. In Colorado the eligible counties include El Paso, Pueblo and Denver.
There are several groups which can also qualify you for membership including the UT at San Antonio Alumni Association and the FiftyPlus Club. Please refer to the credit union's membership page for more details. Membership requires a $5 minimum deposit into a share savings account.
Branches are located in several Texas cities including San Antonio, McAllen, Brownsville and Corpus Christi. It's also locaed in several Colorado cities including Colorado Springs, Denver, Aurora, Fountain and Pueblo.
The credit union's ratings are above average: 4 stars (excellent) at BauerFinancial, 3 stars (performing) at Bankrate.com and an overall health score of 4 out of 5 at DepositAccounts.com (see our Security Service FCU financial overview page). Ratings are based on March data except for Bankrate which is based on 12/31/09 data. The credit union is federally insured by the NCUA (Charter # 11065). It's a large credit union with $5.56 billion in assets.
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.