If you're a saver who lives in El Paso, Texas, consider yourself lucky. Several El Paso credit unions have a long history of top CD rates. Many of the best rates used to be at El Paso Area Teachers FCU, but those rates have fallen quite a bit over the last few months. The new leader in the El Paso area is One Source Federal Credit Union. It has a 5-year CD rate of 2.78% APY. Minimum deposit is $1,000. Its 3- and 4-year CD rates are also very competitive. Members can get an extra 10 basis points for the Jumbo CDs with a $50,000 minimum deposit. The IRA CDs have the same rates. Below are the Jumbo share certificate rates (with the extra 10 bps) based on the rates listed at the credit union's rates page as of 7/26/2012:
- 2.88% APY 5-year Jumbo CD
- 2.07% APY 4-year Jumbo CD
- 2.02% APY 3-year Jumbo CD
Credit union membership is open to anyone living, working, attending school, or going to church in El Paso County. Residents of Las Cruces may also qualify. Please refer to the credit union's History page for more details.
The credit union has an overall health score at DepositAccounts.com of 4 stars (out of 5) with a Texas ratio of 11.44% (above average) based on March 2012 data. Please refer to our financial overview of One Source FCU for more details. The credit union is federally insured by the NCUA (Charter # 2115).
How These CD Rates Compare
One Source FCU currently has a big lead on the 5-year CD rate over El Paso Area Teachers FCU which has a Jumbo 5-year CD rate of 2.42% APY. The 3-year and 4-year CD rates are closer. Both have a 1.91% APY at El Paso Area Teachers FCU.
If you don't live in El Paso, you'll have to settle for 5-year CD rates near 2%. 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 and IRA CD Rates
To search for the best nationwide rates and the best rates in your state, please refer to the following sections of DepositAccounts.com: