Firstmark Credit Union (Texas) is offering a 40-month Promotional CD with three different interest rate/minimum deposit levels:
1.85% APY Regular (minimum $500)
1.90% APY Super (minimum $50K)
1.95% APY Jumbo (minimum $100K)
The 40-month Promotional CD is also available as an IRA (Traditional, Roth and CESA) with the same rates and minimum deposit requirements.
According to CSR, the Early Withdrawal Penalty for this Promotional CD is based on a formula, predicated on several factors, including time remaining until maturity, amount being withdrawn, and amount invested on the CD.
Thanks to DA Member OldGuy for mentioning this CD in a Forum posting.
Anyone who lives, works, worships or attends school in Bexar Counties is eligible for membership in Firstmark Credit Union. In addition, any student or education-related employee (and their relatives) in Atascosa, Bandera, Bexar, Comal, Dimmit, Frio, Guadalupe, Kendall, La Salle, McMullen, Medina, Wilson, or Zavala counties are also eligible.
Joining Firstmark Credit Union and opening a CD can be accomplished online or with an in-person visit to any of 15 San Antonio area branch locations.
Credit Union Overview
Firstmark Credit Union has an overall health grade of "C+" at DepositAccounts.com, with a Texas ratio of 16.82% (above average) based on June 30, 2014 data. In the past year, Firstmark increased its total deposits by $34.29 Million, an excellent annual growth rate of 4.89%. Please refer to our financial overview of Firstmark Credit Union for more details.
Founded in 1932 as the San Antonio Teachers Credit Union, Firstmark Credit Union is the oldest state-chartered credit union in San Antonio. While the name was changed in 2002 when the field of membership was expanded, Firstmark has retained is commitment to local education through a variety of activities, including the "Love Your Bexar County Public Schools" and "Go Public" campaigns.
How the CD Compares
Based on similar length-of-term CDs tracked by DepositAccounts.com, with a $500 minimum deposit and available to Texas residents, Firstmark Credit Union’s 40-month Regular Promotional CD is competitive.
|Interest Rate||CD Length||Institution|
|2.02% APY||36-month Share Certificate||Gulf Coast Credit Union|
|1.85% APY||40-month Regular Promotional CD||Firstmark Credit Union|
|1.71% APY||35-month CD Special||USAlliance Credit Union|
These rates are accurate as of 10/30/2014.
To look for the best nationwide CD rates and the best CD rates in your state, please refer to our CD rates table.