Beacon Federal Credit Union (TX) Has 3.25% APY 60-Month CD


Deal Summary: 60-month (3.25% APY), $1k minimum deposit.

Availability: Residents of eastern Harris County, Texas.

Beacon Federal Credit Union’s (Beacon FCU) 60-month CD is currently earning 3.25% APY. The minimum opening deposit is $1k, with no stated balance cap.

As this rate has been in effect for nearly seven months, I asked CSR if there was any indication that it may be lowered. CSR stated they are rarely notified ahead of time of any rate changes. Caveat emptor.

The 60-month CD is also available as an IRA (Traditional, Roth), earning the same APY with the same funding requirements.

According to CSR, the Early Withdrawal Penalty for all Beacon FCU CDs is only six months interest on the amount withdrawn, with partial withdrawals allowed.


Headquartered in La Porte, Texas, Beacon Federal Credit Union’s field of membership (FOM) includes those who live, work, worship, or attend school in eastern Harris County, including the cities of Baytown, Clear Lake, Deer Park, Friendswood, La Porte, Pasadena, Pearland, Seabrook, South Houston, and Webster.

Immediate family members (spouse, parent, child, sibling, grandparent or grandchild) of current Beacon FCU members are also welcome to apply.

Joining Beacon FCU can be done online, or at any of five full-service Texas branches located in Baytown, Deer Park, Houston, La Porte, and Seabrook. A second Baytown branch is located in Goose Creek Memorial High School, which is open only to faculty, staff, and students.

Existing members can open a CD online or over the phone, but those joining Beacon FCU are required to open a CD in-branch at any of the six above-mentioned branch locations.

To become a member, you simply need to apply for a
savings account and keep a minimum balance of $5.00.

Beacon FCU participate in the Credit Union Friendly Network, providing members will access to more than 90 fee-free ATMs throughout southeast Texas.

By using your ATM card at any one of the participating credit union ATM's, you will not be charged a transaction fee or be charged a fee to your account. It's like having a branch of your credit union around every corner.

Credit Union Overview

Beacon Federal Credit Union has an overall health grade of "B+" at, with a Texas Ratio of 1.45% (excellent) based on March 31, 2019 data. In the past year, Beacon FCU has decreased its total non-brokered deposits by $-1.52 million, an average annual growth rate of -0.97%. Please refer to our financial overview of Beacon Federal Credit Union (NCUA Charter # 6062) for more details.

Chartered in 1949 as the DuPont La Porte Federal Credit Union, the original FOM was comprised of workers at the DuPont chemical plant in La Porte. The Credit Union rebranded as Beacon FCU in 2005, when a community charter was adopted and the FOM expanded to include the residents of east Harris County. Community involvement is an important part of Beacon FCU’s vision.

In the spring of 2015, Beacon FCU was approached by the Goose Creek Memorial High School administrators with an opportunity to be a part of their Global Business Academy. Two student interns were hired to perform simple financial transactions and daily activities and are supervised by full-time, seasoned credit union staff.

How the CD Compares

When compared to 232 similar length-of-term CDs tracked by that require a similar minimum deposit and are available within the FOM, Beacon Federal Credit Union's 60-month CD APY currently ranks first.

The above rates are accurate as of 8/12/2019.

To look for the best CD rates, both nationwide and state specific, please refer to our CD Rates Table.

Related Pages: Houston CD rates, 5-year CD rates

  |     |   Comment #1
Tiny membership area. Eastern Harris County only.
High-Yield Reward Checking Account at a Texas Credit Union (Beacon)

Update 9/12/10: The top rate has gone back up to 3.05% APY. Refer to the bottom of the post for the rate history.

Beacon FCU is offering a reward checking account called Free Vision Rewards Checking that pays 3.05% APY on balances up to $30,000 (0.51% for above) and refunds ATM fees if the following monthly requirements are met:

  • 12 check card purchases
  • one direct deposit or ACH debit
  • receive electronic statements

If these are not met, the rate falls to 0.15%. There are no minimum balance requirements and no monthly service charges.

Membership is open...

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7.00% 7-Month CD at a Texas CU - $2.5K Max (Beacon).
Beacon FCU is offering a 7.00% APY 7-month share certificate. The minimum deposit is $1,000, and the maximum is $2,500 per member. This special isn't listed at the credit union's website. A reader emailed me info on this, and I called today for additional info. I was told that this special is scheduled to end on 8/31/07.

The $2.5K cap hurts this deal, but it was just high enough that it may be worthwhile to some. With the maximum $2.5K deposit, you'll earn about $29 over what you would earn in...

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