Security Service Federal Credit Union lowered the rates on its 15-month CD special, but it added a new 36-month CD special with some very competitive rates. The yields vary by balance and are listed in the credit union's rate sheet as of 7/25/2010:
- 2.60% APY $500 to $25K
- 2.65% APY $25K to $50k
- 2.70% APY $50K to $100K
- 2.75% APY $100K+
The top rate of the 15-month CD special is now 1.75% APY for a $100K minimum. It had been 2.00% last month. The standard rates for the 5-year and 7-year CDs continue to be competitive with top rates of 3.10% APY and 3.70% APY. These rates are available for both CDs and IRA CDs.
For more details about these CDs, please refer to the credit union's disclosure and search for "share certificate". In this section, the early withdrawal penalties are described. Penalties for terms from over 1 year to under 5 years is a maximum of 180 days of interest. For terms of 5-years and above, the maximum penalty is 360 days of interest.
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. Branches are also located 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 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 2010 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.