It’s not easy to find 3.00% CD rates these days. They have become very rare in the last year especially for terms of 5 years and under. There are a few out there, and I found one at TruService Community Credit Union which is offering a 3.04% APY 5-year CD and IRA CD. There’s also a competitive 3-year CD with a 2.02% APY. Minimum deposit is $500. These rates are listed in the credit union’s rates page as of 5/23/2011.
Credit union membership is open to anyone who lives, works, worships or attends school in Pulaski or Faulkner Counties, Arkansas. Please refer to the credit union’s How To Join page for the full details.
TruService Community Credit Union branches are located in Little Rock, Conway and North Little Rock, AR. Note, the branch at Conway is restricted to students and staff of Hendrix College.
The credit union has an overall health score at DepositAccounts.com of 3 stars (out of 5) with a Texas Ratio of 11.68% (above average) based on December 2010 data. Please refer to our financial overview of TruService Community Credit Union for more details. The credit union is federally insured by the NCUA (Charter # 24390).
How It Compares to the Best Nationally Available CD Rates
As of 5/23/2011 the highest 5-year CD rate available nationwide is 3.00% APY at Connexus Credit Union. This requires an active checking account. The second best is still Melrose Credit Union which is offering a 2.93% APY 5-year CD.
As I described in my latest survey of local CD rates, you can often get higher rates at a local credit union or bank. To search for these along with the best nationwide CD rates, please refer to the CD rates section of DepositAccounts.com.