Best CD Rates in the Nation in Southeast Texas - Local Only

POSTED ON MONDAY, NOVEMBER 21, 2011 BY Ken Tumin

APY	MIN	MAX	INSTITUTION	PRODUCT
1.95%	$500	-	Gulf Coast Federal Credit Union	36 Month Share Certificate
1.45%	$500	-	Gulf Coast Federal Credit Union	24 Month Share Certificate
1.00%	$500	-	Gulf Coast Federal Credit Union	12 Month Share Certificate
0.75%	$500	-	Gulf Coast Federal Credit Union	6 Month Share Certificate

Accounts mentioned in this post. Rates as of September 26, 2016.

It's getting difficult to find 3% CD rates even for terms of 7 and 10 years. That's why I was surprised when I came across this new CD rate at Gulf Coast Credit Union in Corpus Christi, Texas. It's a 3-year CD with a 3.05% APY. The shorter terms also have competitive rates. These include a 1.10% APY 6-month CD, a 1.50% APY 1-year CD and a 1.85% APY 2-year CD. Minimum deposit is $500. These rates are listed at the bottom of the credit union's rate sheet as of 11/21/2011.

This 3.05% APY was so high that I was suspicious that they may have meant for this to be 2.05%. I contacted the credit union on Friday, and I was told that this yield is correct. Of course, it's subject to change at anytime.

Credit union membership is open to anyone who lives, works, worships or attends school in the Southeast Texas counties of Nueces, Jim Wells and San Patricio. Please refer to the credit union's About Us page for more details.

The credit union has an overall health score at DepositAccounts.com of 4 stars (out of 5) with a Texas Ratio of 10.29% (above average) based on June 2011 data. Please refer to our financial overview of Gulf Coast Credit Union for more details. The credit union is federally insured by the NCUA (Charter # 4060).

How These CD Rates Compare

If you're eligible for this credit union, you may also want to consider Navy Army Federal Credit Union which is offering a 3.00% APY 30-month CD. Like Gulf Coast, Navy Army has a similar field of membership.

If you can't qualify for these credit unions, you'll probably have to settle for lower rates. There is one Texas credit union that makes it easy for anyone to join that is offering a 2.12% APY 3-year CD (and 2.83% APY 5-year CD). That's Velocity Credit Union. The highest 3-year CD rate at an internet bank is 1.65% APY at Doral Bank Direct.

These rates are accurate as of 11/21/2011.

Searching for the Best CD Rates

To search for the best nationwide CD rates and the best CD rates in your state, please refer to the CD rates section of DepositAccounts.com.