First Service Credit Union (TX) Boosts All CD Rates To New Highs

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Availability: Residents of Harris and Waller Counties, Texas; over 140 SEGs, including KBR, Halliburton, CenterPoint, and Baker Hughes.

First Service Credit Union (First Service) began December with the debut of its High Yield Checking account, which earns 2.25% APY on qualifying balances up to $20k. First Service is ending the month by raising the rates on most of its Certificates to competitive levels. The vast majority of these new rates are the highest APYs seen in more than five years for First Service Certificates.

APYMINMAXINSTITUTIONPRODUCTDETAILS
2.45*%$50k-First Service CU (TX)60 Month Certificate
OTHER TIERS: 2.35% $1k - $50k
2.20*%$50k-First Service CU (TX)48 Month Certificate
OTHER TIERS: 2.10% $1k - $50k
1.95*%$50k-First Service CU (TX)36 Month Certificate
OTHER TIERS: 1.85% $1k - $50k
1.75*%$50k-First Service CU (TX)24 Month Certificate
OTHER TIERS: 1.65% $1k - $50k
1.45*%$50k-First Service CU (TX)18 Month Certificate
OTHER TIERS: 1.35% $1k - $50k
1.35*%$50k-First Service CU (TX)12 Month Certificate
OTHER TIERS: 1.25% $1k - $50k
Accounts mentioned in this post. Rates as of October 22, 2017.

All of First Service’s Certificates have two APY tiers that are separated by 10 basis points and based on deposit levels of $1k and $50k.

First Service Certificates are also available as IRAs (Traditional, Roth, and CESA), earning the higher APY tier with only a $1k minimum deposit.

APYMINMAXINSTITUTIONPRODUCTDETAILS
2.45%$1k-First Service CU (TX)60 Month IRA Certificate (Traditional, Roth, CESA)
2.20%$1k-First Service CU (TX)48 Month IRA Certificate (Traditional, Roth, CESA)
1.95%$1k-First Service CU (TX)36 Month IRA Certificate (Traditional, Roth, CESA)
1.75%$1k-First Service CU (TX)24 Month IRA Certificate (Traditional, Roth, CESA)
1.45%$1k-First Service CU (TX)18 Month IRA Certificate (Traditional, Roth, CESA)
1.35%$1k-First Service CU (TX)12 Month IRA Certificate (Traditional, Roth, CESA)
Accounts mentioned in this post. Rates as of October 22, 2017.

As stated in First Service’s Rates and Fees schedule, the Early Withdrawal Penalty reads as follows:

The amount of the penalty is half of the interest that would be earned
on the account from the date of withdrawal through the maturity date.

Availability

Headquartered in Houston, First Service Credit Union membership eligibility is both residency and employment based.

Residency: Individuals who live, work, worship, or attend school in the Texas counties of Harris and Waller are eligible to join.

Employment: Employees of over 140 SEGs, including KBR, Halliburton, CenterPoint, and Baker Hughes, are eligible for membership.

Joining First Service and/or opening a Certificate can be done online, or at any of twelve Texas branches located in Bellaire, Brookshire, Cypress, Houston (6), Katy, Spring, and The Woodlands.

Credit Union Overview

First Service Credit Union (NCUA Charter # 68605) has an overall health grade of "B+" at DepositAccounts.com, with a Texas ratio of 5.90% (excellent), based on September 30, 2016 data. In the past year, First Service has increased its total deposits by $10.84 million, an above average annual growth rate of 2.15%. Please refer to our financial overview of First Service Credit Union for more details.

Today’s First Service Credit Union can trace its roots to the Brownbuilder Federal Credit Union, which opened its doors in 1978 as a credit union for Brown & Root employees. Brownbuilder FCU became Right Choice Credit Union in 2005 - a name that better reflected a new charter and strategic direction. In 2010, Right Choice CU merged with the original First Service Credit Union, assuming its field of membership, all assets, and its name. First Service currently has over 59,400 members and assets in excess of $621 million.

How the Certificates Compare

When compared to the similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available within the field of membership, most of First Service Credit Union's CDs rank in the top five. The most competitive of these is the 24-month Certificate, which currently ranks second.

The above rates are accurate as of 12/21/2016.

To look for the best nationwide CD rates and the best CD rates in your state, please refer to our CD rates table or our Rates Map page.


Comments
Anonymous
Anonymous   |     |   Comment #1
Is it possible to have a $300 000 - 5yr CD with $1000 minimum deposit?
First Service CU (TX) Adds New High Yield Checking
Availability: Residents of Harris and Waller Counties, Texas; over 140 SEGs, including KBR, Halliburton, CenterPoint, and Baker Hughes.

The start of a new month seems to be a popular time to add new product line items. First Service Credit Union (First Service) began December by introducing its High Yield Checking account, which earns 2.25% APY on qualifying balances up to $20k. Qualifying balances of $20k+ earn 0.30% APY, with non-qualifying balances earning 0.01% APY. The High Yield Checking account replaces First Service’s Right Rewards Checking account.

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First Service CU (TX) Raises 12- and 18-month Promo CD Rates
Availability: Residents of Harris and Waller Counties, Texas; over 140 SEGs, including KBR, Halliburton, CenterPoint, and Baker Hughes.

Earlier this week, First Service Credit Union (First Service) added a new 18-month Promotional CD (1.55% APY) and raised the rate on its 12-month Promotional CD (1.35% APY). The minimum opening deposit for both CDs is $1K, but the 18-month CD requires new money; there is no balance cap for either CD.

In the year since the 12-month Promotional CD was first introduced, there have been four rate changes, ranging...

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First Service CU (TX) Has Top-Rate 12-month CD Special Promotion
Availability: Residents of Harris and Waller Counties, Texas (Houston area)

First Service Credit Union (First Service CU) has raised the rate on its 12-month CD Special (1.40% APY). The minimum opening deposit is $1K of new money, with no maximum balance cap. First Service CU defines new money as funds that "must originate from another institution and cannot be funds on deposit with First Service CU."

There is a companion 12-month Promotional IRA (Traditional, Roth, and CESA) that earns a lower 1.00% APY, but requires the same $1K...

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