First Community Credit Union of Houston is offering two competitive long-term CD and IRA CD rates: 2.90% APY for 5 years and 1.90% APY for 3 years. Minimum deposit is $500. The rates for Jumbo CDs with a $100K minimum deposit are 3.00% APY for 5 years and 2.00% APY for 3 years. These rates are listed in the credit union's rates page as of 2/23/2011.
As a comparison to banks that offer nationally available CDs, the best 5-year CD rate is 3.00% APY at Kaiser Federal Bank (as of 2/23/2011).
The credit union still offers a reward checking account. I first reported on this in Houston reward checking account in March 2009. The top rate has remained at 3.01% APY, but the balance cap has fallen from $20K to $10K.
Credit union membership is open to those who live or work in Harris or Fort Bend County, Texas. Please refer to the credit union's eligibility page for the full details. Membership requires a $5 minimum balance in the primary savings account.
Most of the credit union's branches are located on the west side of Houston.
The credit union has an overall health score at DepositAccounts.com of 4 out of 5 with a Texas Ratio of 4.59% (excellent) based on September 2010 data. Please refer to our financial overview of First Community Credit Union for more details. The credit union is federally insured by the NCUA (Charter # 66818).
Searching for the Best CD Rates
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