El Paso Area Teachers FCU (TFCU) is offering several competitive rates on its certificates. The best rates are on its jumbo certificates which require a $50,000 minimum deposit. These include a 3.19% APY for 5 years and 2.57% APY for terms of 30 months, 3 years and 4 years. Rates are 0.10% lower for regular certificates with a $500 minimum deposit. These rates are listed in the credit union's savings page as of 1/14/2011.
As compared to the best 5-year CD rates available nationwide as of 1/14/2011, you can get 3.00% APY at Connexus Credit Union (requires active checking) and 2.75% APY at Salem Five Direct. For the best 30-month CD rate available nationwide, USAA Bank is offering 1.96% APY, but this requires a $175K balance. It's only 1.65% APY for a $1K minimum deposit.
TFCU Membership is open to anyone living or working in El Paso County, Texas. Please refer to the credit union's join us page for more details. Membership requires a minimum balance of $25 in the savings account.
The credit union has an overall health score at DepositAccounts.com of 4 out of 5 with a Texas Ratio of 1.15% (excellent) based on September 2010 data. Please refer to our financial overview of TFCU for more details. The credit union is federally insured by the NCUA (Charter # 1409).
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