|2.45%||$500||-||Baton Rouge Telco Federal Credit Union||5 Year CD|
|2.25%||$500||-||Baton Rouge Telco Federal Credit Union||4 Year CD|
|1.95%||$500||-||Baton Rouge Telco Federal Credit Union||3 Year CD|
Baton Rouge Telco Federal Credit Union is offering several competitive CD and IRA CD rates. The best ones include a 3.05% APY 5-year CD, a 2.65% APY 4-year CD and a 2.30% APY 3-year CD. These CD rates are between 10 to 20 basis points higher than what the best internet banks offer. Minimum deposit is $500. These CDs have a bump-up option which allows for a one-time increase of the rate to the current CD rate. This feature could come in handy if we enter into a rising interest rate environment (which we will see eventually). The CD rates are listed in the credit union's rates page as of 10/12/2010.
Details of these CDs including the early withdrawal penalty are listed in the credit union's certificates account page. The early withdrawal penalty for CD terms over 2 years is 6 months of interest.
Membership is open to anyone who lives, works, worships, or attends school in the following Louisiana parishes: Ascension, East Baton Rouge, East Feliciana, Iberville, Livingston, Pointe Coupee, Saint Helena, West Baton Rouge, West Feliciana and Tangipahoa Parishes. Please refer to the credit union's About page for more details.
Branches are located in Baton Rouge and Hammond, Louisiana. The credit union is also part of the CU Service Centers which allows you to conduct many banking transactions at branches of other credit unions around the nation.
The credit union has an overall health score of 4 out of 5 at DepositAccounts.com with a Texas Ratio of 8.59% (excellent) based on June 2010 data. Please refer to our financial overview of Baton Rouge Telco Credit Union for more details. The credit union is federally insured by the NCUA (Charter # 1726).
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.