EECU is offering several competitive CD and IRA CD rates. The most competitive ones include a 3.00% APY 48-month CD and a 3.15% APY 60-month CD. Minimum deposit is $1,000. Higher rates are available for Jumbo CDs ($50K minimum) and IRA CDs. The Jumbo IRA CD rates are 3.15% APY for 48 months and 3.30% APY for 60 months. Another good deal is the 18-month bump-up CD which has a 1.75% APY for a $5K minimum deposit. Rate may be bumped one time and must be initiated 6 months or longer from the open date. These rates are listed at the credit union's rates page as of 7/18/2010.
Credit union membership is open to anyone who lives or works in Tarrant, Johnson, Parker, Palo Pinto or Hood counties, or the cities of Fort Worth, Mansfield or Haslet. Membership requires a $5 balance in the share savings account. Please refer to the credit union's membership page for the full details.
Branches are located in Fort Worth, Arlington, Burleson, Saginaw and several other Texas cities.
The credit union's ratings for safety and soundness are strong: 5 stars (superior) at BauerFinancial, 4 stars (sound) at Bankrate.com and an overall health score of 4 out of 5 at DepositAccounts.com (see our financial overview of EECU). These ratings are based on March 2010 data except for Bankrate which is based on 12/31/09 data. EECU is federally insured by the NCUA (Charter # 67928). It's a sizable credit union with $1.09 billion in assets based on the NCUA's March 2010 data.
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.