Eastman Credit Union continues to offer competitive certificate rates. The two most competitive ones include a 1.75% APY 12-month CD and a 2.50% APY 3-year CD. The 6-month CD is also very competitive even though it may not seem that great with a 1.35% APY. Minimum deposit is $1,000. An extra 10 basis points are applied to Jumbo CDs with a $100,000 minimum deposit. These rates are listed in the credit union's deposit rates table as of 7/14/2010.
Membership is open to those who live, work or attend school in several counties in the northeast part of Tennessee. Counties in southwest Virginia and in Harrison and Gregg Counties in Texas are also included. In addition, there's a long list of Select Employer Groups. Please refer to the Who Can Join Page for the full details.
Branches are located in Tennessee, Virginia, Texas, South Carolina and Arkansas.
The credit union's ratings for safety and soundness remain strong: 4 stars (sound) at Bankrate.com, 5 stars (superior) at BauerFinancial and an overall health score of 4 out of 5 at DepositAccounts.com (see our financial overview of Eastman Credit Union). These ratings are based on March 2010 data except for Bankrate which is based on 12/31/09 data. The credit union is federally insured by the NCUA (Charter # 68095). It's a large credit union with $2.33 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.