Generations FCU Celebrates 75 Years With Top Rate 24-month CD

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Availability: Residents of Bexar County (San Antonio), Texas

Generations Federal Credit Union (Generations FCU) is celebrating 75 years of service with a 24-month CD (1.75% APY). The minimum opening deposit is $1K and there is no maximum balance cap.

The 24-month CD is also available as an IRA (Traditional and Roth) at the same APY, and with the same funding requirements.

As an added bonus, Generations FCU will raise the rate to 2.00% APY, if the following requirements are met within the first 60 days of the CD or IRA term:

  • Open a My Checking account with direct deposit
  • Enroll in Generations FCU eStatements
  • Provide a valid email address

As stated on Generations FCU’s Truth In Savings Disclosure page, the Early Withdrawal Penalty reads as follows:

For all accounts, the amount of the early withdrawal penalty is based on the term of your account. The penalty schedule is as follows:

Terms of 18 and 24 months 180 days’ dividends.

In addition you will be charged a $25.00 Service Fee for all early withdrawals regardless of the term of your account.

Availability

Anyone who lives, works, worships, volunteers or attends school in Bexar County (San Antonio), Texas is eligible for membership in Generations Federal Credit Union. In addition, family members of current Generations FCU members are also eligible.

Joining Generations Federal Credit Union and opening a CD can be done online simultaneously or in-person at any of 15 branches in the San Antonio metropolitan area.

Credit Union Overview

Generations Federal Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas ratio of 7.04% (excellent) based on December 31, 2014 data. In the past year, Generations FCU increased its total deposits by $57.41 Million, an excellent annual growth rate of 14.79%. Please refer to our financial overview of Generations Federal Credit Union for more details.

Founded in 1940 by a group of San Antonio City employees, Generations Federal Credit Union (NCUA Certificate # 4015) is the 24th largest credit union in Texas, and the 5th largest credit union in San Antonio. The original field of membership included employees of the City of San Antonio, the San Antonio Fire Department and the San Antonio Police Department. Generations FCU has been recognized in local, regional, and national forums for innovative, award winning services, including opening a branch in a San Antonio Goodwill Store with the primary purpose to help people who do not typically have access to financial services.

Credit union employees will sit down with Goodwill customers, conduct a one-to-one needs assessment interview and then recommend programs and services that fit their situations. The credit union will also plan financial literacy courses

How the CD Compares

When compared to other similar length-of-term CDs tracked by DepositAccounts.com, that require a similar minimum deposit and are available to Texas residents, Generations Federal Credit Union's 24-month CD, with or without the My Checking account bonus, is a clear leader.

The above rates are accurate as of 3/13/2015.

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

Comments
14-Month CD Rate Special at Generations FCU in San Antonio, Texas

Generations Federal Credit Union is offering a promotional certificate with very competitive rates. It has a 1.60% APY for a $100,000 minimum deposit or a 1.50% APY for a $10,000 minimum. The term is 14 months. The rates apply to both regular and IRA CDs. These rates are listed in this credit union promo page as of 2/19/2014. Thanks to DA member Shorebreak for posting on this news in the forum.

It’s interesting to note that Generations had a similar promotion in late 2012. In that case the CD had a...

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Mid-Term CD Rate Special at Generations FCU in San Antonio, Texas

Update 11/2/2012: The CD special has been extended. It's now scheduled to last through 12/31/2012.

Generations Federal Credit Union is offering a promotional certificate with a very competitive rate. It has a 1.50% APY for terms of 18 to 21 months. This is shown in the credit union's offers page as of 10/26/2012. According to the small print, the offer is good through 10/31/2012. Instructions advise members to visit a local branch or call (210) 229-1128 to open this special CD.

Credit union membership is open to anyone who lives, works, worships,...

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Best 18-Month CD Rate in Texas at Generations FCU in San Antonio - Local Only

Generations Federal Credit Union is offering a special 18-month certificate with a 2.35% APY for a $1,000 minimum and a 2.50% APY for a $100,000 minimum. Maximum deposit is $250,000 per qualified account holder. It's also available in an IRA. This deal is listed at the credit union's special offers page as of 4/13/2010.

Membership is open to those who live, work, attend school, worship or volunteer in Bexar County, Texas. Membership requires a minimum balance of $5 in the share savings account. Please refer to the credit union's membership page...

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One Year CD Yield as High as 4.40% at Generations FCU in Texas

Update 12/19/08: The CD rates have fallen. Please check the credit union's website for the latest rates.

Generations FCU continues to offer competitive CD rates. The best rates are on its Jumbo Term Share Certificates. These include a 4.10% APY 6-month CD, a 4.40% APY 12-month CD, a 4.50% APY 24-month CD and a 4.70% APY 36-month CD. Minimum deposit is $100,000. The rates for its Regular Term Share Certificates are 10 basis points lower and require a minimum deposit of $1,000. These are also available in an IRA. These rates...

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4.40% 12-Month / 4.10% 6-Month Jumbo CDs at Generations FCU in Texas

Generations FCU is offering some attractive short-term CD rates. The best rates are on its Jumbo Term Share Certificates. These include a 4.10% APY 6-month CD, a 4.40% APY 12-month CD, and a 4.50% APY 24-month CD. These require a minimum deposit of $100,000. The rates for its Regular Term Share Certificates are 10 basis points lower. These are also available in an IRA.

Field of membership includes all those who live, work, worship, attend school or volunteer in Bexar County, Texas. Membership requires a $5 deposit in the share savings...

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