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Top 5-Year and 3-Year CD and IRA CD Rates at Security Service FCU in TX & CO - Local Only


Security Service Federal Credit Union

Security Service Federal Credit Union increased the yield of its 5-year CD by 15 basis points. The top rate is now 3.25% APY for a $100K minimum deposit. It continues to offer a very competitive 3-year CD special with a top rate of 2.75% APY for a $100K minimum deposit. Unfortunately, it again lowered the 15-month CD special rates. The top rate is now 1.60% APY for a $100K minimum. The following is a few of the top CD rates as listed in the credit union's rate sheet as of 8/08/2010:

  • 3.70% APY 7-year CD, $100K min
  • 3.25% APY 5-year CD, $100K min
  • 2.75% APY 3-year CD, $100K min
  • 1.60% APY 15-month CD, $100K min

Rates are slightly lower for smaller deposits. For a $500 minimum deposit, the rates are 15 basis points lower than the rates listed above. 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.

Credit union membership is open to those who live, work or worship in Central Texas counties of Atascosa, Medina, Uvalde or South Bexar in addition to other areas. In South Texas the eligible counties include Aransas, Cameron, Hidalgo, Nueces and San Patricio. 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 Brownsville, McAllen, Corpus Christi and San Antonio. 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 (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.

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  Tags: Security Service Federal Credit Union, Colorado, CD rates, IRA rates, Texas

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Comment #1 by John C. (anonymous) posted on
John C.
This is the latest in a (small) series of CD rate hikes for the longer 5 and 7 year terms by various banks and CU's in the past month, including Pentagon FCU and a few others... Yet it's occurring even while some institutions, including some of those same ones, continue to slightly cut their short term rates even closer to 0%.

I'm hopeful we're beginning to see the beginnings of a trend for banks and CU's to at least continue raising, or more broadly raise, their long-term rates -- even though the economy doesn't seem to be doing much as yet to justify that... Maybe the bankers know or see something that we don' yet.