Here's another Texas credit union with some top rates. Shell Federal Credit Union has several competitive CD rates. The best one is 2.20% APY for a 5-year term. Other competitive CDs include a 1.20% APY 18-month CD and a 1.60% APY 3-year CD. Minimum deposit is $50,000. The rates are 5 basis points lower for a $500 minimum deposit. These rates are listed in the credit union's investment rates page as of 7/27/2012.
The credit union also has a competitive reward checking account. It's called BE GREEN Checking, and it pays 2.60% APY on balances up to $20K as of 7/27/2012. I first reviewed this account in June 2010 when the top yield was 3.08%. One downside with this account is that it requires 20 debit card purchases a month to qualify for the top rate.
Credit union membership is open to anyone who lives, works, worships or attends school in Harris County, Texas. Please refer to the credit union's membership page for more details.
Shell FCU branches are located in Houston, Pasadena, Deer Park and La Porte, Texas.
The credit union has an overall health score at DepositAccounts.com of 5 stars (out of 5) with a Texas ratio of 5.24% based on March 2012 data. Please refer to our financial overview of Shell FCU for more details. The credit union is federally insured by the NCUA (Charter # 1941).
How This 5-Year CD Rate Compares
The highest 5-year CD rate that's nationally available is 2.15% APY at Fort Knox Federal Credit Union (59-month term). The highest 5-year CD for a bank is 2.02% APY at National Bank of Kansas City. These rates are accurate as of 7/26/2012.
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.