Beaumont Community Credit Union (Beaumont CCU) has a competitive 48-month Share Certificate (CD) that earns 2.12% APY on balances greater than $50K; balances under $50K earn 2.02% APY. The minimum opening deposit is $1K, with no maximum balance cap.
The 48-month CD is also available as an IRA (Traditional and Roth) earning the same APYs for the same balances, and with the same minimum funding requirements.
According to a very pleasant CSR, the Early Withdrawal Penalty is 180 days interest.
Beaumont Community Credit Union membership is open to individuals who live, work, worship, or attend school in Jefferson County, the 19th most populous county in Texas. (Interesting fact: Texas has more counties (254) than another state in the U.S.)
Joining Beaumont CCU and opening a CD must be in person at the sole branch located on South M L King Jr Parkway in Beaumont. At this time, Beaumont CCU’s online banking capabilities are limited to account management and bill payment services.
Credit Union Overview
Beaumont Community Credit Union has an overall health grade of "B+" at DepositAccounts.com, with a Texas ratio of 1.36% (excellent), based on December 31, 2014 data. In the past year, Beaumont CCU increased its total deposit by $1.8 Million, an excellent annual growth rate of 8.4%. Please refer to our financial overview of Beaumont Community Credit Union for more details.
In July 1956, with a newly granted State Charter, Beaumont Community Credit Union (NCUA Certificate # 67574) opened its doors to the residents of Jefferson County. One of the original counties (formed in 1837) in the Republic of Texas, the County was named for Thomas Jefferson. Not much has changed in Beaumont CCU’s nearly 60-year history: same charter, same branch location, and the same commitment of providing a full range of competitively priced products and services.
How the CD Compares
When compared to other similar length of term CDs tracked by DepositAccounts.com, requiring a similar minimum deposit and available to Texas residents, Beaumont Community Credit Union’s 48-month Share Certificate is quite competitive, currently ranking 2nd out of 299 comparable CDs.
The above rates are accurate as of 5/22/2015.
To search for nationwide CD rates and CD rates in your state, please refer to the CD rates section of DepositAccounts.com.