Competitive CD Rates at Baton Rouge Telco Federal Credit Union (LA)

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Deal Summary: 1-year Share Certificate, 2.90% APY, $500 minimum deposit.

Availability: Residents of ten Louisiana parishes (Capital Region).

Baton Rouge Telco Federal Credit Union (Telco) is currently offering 2.90% APY on its 1-year Share Certificate. The minimum opening deposit is $500, with no stated balance cap.

APYMINMAXINSTITUTIONPRODUCTDETAILS
2.70%$500-Baton Rouge Telco Federal Credit Union1 Year CD
2.70%$500-Baton Rouge Telco Federal Credit Union1 Year IRA (Traditional, Roth, CESA)
Rates as of July 22, 2019.

The 1-year Share Certificate is also available as an IRA (Traditional, Roth, CESA), earning the same APY and requiring the same $500 minimum deposit.

Long-Term Share Certificates With Bump Option

Telco’s 2-, 3-, 4-, and 5-year Share Certificates have competitive rates and “members may exchange the existing rate for the current rate once during the term.” Like the 1-year, these long-term Share Certificates can be opened with a $500 minimum deposit and are available as IRAs.

APYMINMAXINSTITUTIONPRODUCTDETAILS
3.10%$500-Baton Rouge Telco Federal Credit Union5 Year CD
3.00%$500-Baton Rouge Telco Federal Credit Union4 Year CD
2.90%$500-Baton Rouge Telco Federal Credit Union3 Year CD
2.80%$500-Baton Rouge Telco Federal Credit Union2 Year CD
Rates as of July 22, 2019.

As stated in the Fee Schedule, the Early Withdrawal Penalty reads as follows:

1 year or less – 3 months’ dividends

2 years or more – 6 months’ dividends

Premier Interest Checking

Nine months ago, Baton Rouge Telco introduced its Premier Interest Checking account, which earns 4.00% APY on qualifying balances up to $10k. Qualifying balances greater than $10k and non-qualifying balances both earn 0.05% APY.

APYMINMAXINSTITUTIONPRODUCTDETAILS
4.00*%-$10kBaton Rouge Telco Federal Credit UnionPremier Interest Checking
OTHER TIERS: 0.05% $10k+
Rates as of July 22, 2019.

Qualifying Requirements

  • At least 25 debit card (non-ATM) transactions per statement cycle
  • At least one Direct Deposit per statement cycle
  • Receive eStatements

Availability

Headquartered in Baton Rouge, Louisiana, Baton Rouge Telco Federal Credit Union's field of membership (FOM) is residency-based, with individuals who live, work, or attend school in the Louisiana parishes of Ascension, East Baton Rouge, East Feliciana, Iberville, Livingston, Pointe Coupee, Saint Helena, Tangipahoa, West Baton Rouge, or West Feliciana eligible for membership.

Immediate family members (parent, child, sibling, grandparent/grandchild, step parents/children) of a current Baton Rouge Telco member are eligible to join.

Joining Telco and/or opening a Share Certificate can be done online, or at any of four full-service Louisiana branches located in Baton Rouge (2), Denham Springs, and Hammond.

When you open a Share Savings Account, you become a member-owner of Baton Rouge Telco Federal Credit Union. With only $5, you can open an account and start enjoying all the benefits of membership.

Telco participates in the CO-OP Shared Branching network, allowing members to “manage their accounts at over 5,000 shared branch locations nationwide.”

Credit Union Overview

Baton Rouge Telco Federal Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 5.19% (excellent), based on December 31, 2018 data. In the past year, Telco has increased its total non-brokered deposits by $1.72 million, an above average annual growth rate of 0.66%. Please refer to our financial overview of Baton Rouge Telco Federal Credit Union (NCUA Charter # 1726) for more details.

Baton Rouge Telco Federal Credit Union is currently Louisiana’s 12th largest credit union, with nearly 28,000 members and assets in excess of $296 million. Chartered in 1936, the original FOM included the employees of Southern Bell Telephone and Telegraph. Having purchased nearly four acres on Goodwood Boulevard, Baton Rouge Telco will build a 10,000 square foot location that will replace the Wooddale Boulevard branch. According to Telco President and CEO, Darryl K. Long,

We’re just moving three miles away. We certainly value and want to keep
serving the same clientele. An updated, modern office is what we’re after.

How the Share Certificate Compares

When compared to 242 similar length-of-term CDs tracked by DepositAccounts.com that require a minimum deposit of $10k or less and are available within the FOM, Baton Rouge Telco Federal Credit Union’s 1-year Share Certificate APY currently ranks second.

The above rates are accurate as of 5/3/2019.

Searching for the best CD rates, either nationally available or state-specific? Please refer to our CD Rates Table page.

Related Pages: New Orleans checking accounts, Baton Rouge checking accounts, reward checking accounts, 1-year CD rates, 5-year CD rates

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