Security Service Federal Credit Union continues to offer several competitive CD and IRA CD rates. There's a new good deal on an 18-month CD: 1.75% APY for a $100K minimum (1.60% APY for $500 minimum). In addition, the competitive long-term CD rates have remained the same. The following is a few of the top CD rates as listed in the credit union's rate sheet as of 2/15/2011:
- 3.50% APY 7-year CD, $100K min
- 3.00% APY 5-year CD, $100K min
- 2.20% APY 3-year CD, $100K min
- 1.75% APY 18-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 truth in savings disclosure and search for "share certificate". I have more details on the early withdrawal penalties in my January post.
How it Compares
Membership is still pretty much limited to parts of Texas and Colorado.
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 the full 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.
Credit Union Overview
The credit union has an overall health score at DepositAccounts.com of 4 out of 5 with a Texas Ratio of 13.78% (excellent) based on September 2010 data. Please refer to our financial overview of Security Service Federal Credit Union for more details. The credit union is federally insured by the NCUA (Charter # 11065).
Searching for the Best CD Rates
To search for the best nationwide rates and the best rates in your state, please refer to the following tables at DepositAccounts.com: