First Service Credit Union (TX) 48-Month CD Earns Up To 3.25% APY

POSTED ON BY

Deal Summary: 48-month Certificate, 3.15% ($1k minimum deposit), or 3.25% APY ($50k minimum deposit).

Availability: Residents of Fort Bend, Harris, and Waller Counties, Texas; several SEGs, including KBR, Halliburton, CenterPoint, and Baker Hughes.

First Service Credit Union (First Service) has raised the rates on its 48-month Certificate, which now earns 3.15% ($1k+) or 3.25% APY ($50k+). In the past five months, 130 bps have been added to the 48-month Certificate in three rate increases.

APYMINMAXINSTITUTIONPRODUCTDETAILS
3.25*%$50k-First Service CU (TX)48 Month Certificate
OTHER TIERS: 3.15% $1k - $50k
3.25%$1k-First Service CU (TX)48 Month IRA Certificate (Traditional, Roth, CESA, SEP)
Rates as of September 26, 2018.

The 48-month Certificate is also available as an IRA (Traditional, Roth, and CESA), earning the higher APY tier with only a $1k minimum deposit.

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’s field of membership (FOM) is primarily residency based, with individuals who live, work, worship, or attend school in the Texas counties of Fort Bend, Harris, or Waller eligible to join.

Employees of several SEGs, including KBR, Halliburton, CenterPoint, and Baker Hughes, also qualify 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 has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 5.25% (excellent), based on March 31, 2018 data. In the past year, First Service has increased its total non-brokered deposits by $18.91 million, an excellent annual growth rate of 3.25%. Please refer to our financial overview of First Service Credit Union (NCUA Charter # 68605) 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 58,600 members and assets in excess of $697 million.

How the Certificate Compares

When compared to the 255 similar length-of-term CDs tracked by DepositAccounts.com that are available within the FOM, First Service Credit Union's 48-month Certificate APY currently ranks second, regardless of minimum deposit.

The above rates are accurate as of 8/2/2018.

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

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

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

Continue Reading
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.

Continue Reading
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...

Continue Reading
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...

Continue Reading


The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact feedback@depositaccounts.com to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.