Mobility Credit Union (TX) Long-Term CDs Offer Excellent Rates


UPDATE 1/27/2023: 48-month and 60-month CD rates have dropped.

Deal Summary: CD – 48-month (5.06% APY) (5.43% APY) and 60-month (5.12% APY)(5.59% APY), $500 minimum deposit.

Availability: Easy membership requirement for Texas residents only.

Many thanks to DA reader, MAKNYC, for the Forum post about these “hidden” CDs at Mobility Credit Union (Mobility CU). In addition to MAKNYC’s detailed description about the 48-month and 60-month CDs, the comments from other DA readers make for a great read. Check it out.

For whatever reason, the Mobility CU Rates page does not list either the 48-month CD (5.06% APY) (5.43% APY) or 60-month (5.12% APY)(5.59% APY), which is why these CDs are missing from DA. The minimum opening deposit for either CD is $500, with no stated balance cap. While the Rates page does list three balance tiers ($500, $100k, $250k), CSR said the stated APYs apply to all balances ($500+).

The 48-month and 60-month CDs are also available as IRA CDs (Traditional, Roth, CESA), earning the same APYs with the same deposit requirement.


Headquartered in Irving, Texas, Mobility Credit Union's field of membership (FOM) includes an easy membership option for all Texas residents through the Texas Consumer Council (TXCC).

Mobility Credit Union will handle everything, including your fee to join. Your name, address, email and phone number will be shared with TXCC as part of the enrollment process.

Individuals who live, work, worship, or attend school in the Texas counties of Collin, Dallas, Denton, Ellis, Fannin, Grayson, Hunt, Johnson, Kaufman, Parker, Rockwall, Tarrant or Wise, are also eligible to join.

Regardless of where they live, direct family members of a current Mobility CU member also qualify for membership. Mobility CU defines “direct family members” as spouse, significant other, parent, child/step-child, sibling, niece, nephew, and grandparent.

Account Opening

Joining Mobility CU can be done online or at any of three Texas branches located in Celina, Hurst, and Irving. Appointments are available and can be scheduled online.

Opening a Regular Share Savings account with a minimum $5 deposit establishes a Mobility CU membership.

According to CSR, opening a CD can be done in-person at any of the above-mentioned branch locations or over the phone (800.388.7889 or 214.574.2000).

N.B. – CSR stated that funds must be on deposit before opening a CD, with a transfer from a Mobility savings account being the easiest way to fund a CD. Mobility CU participates in the CO-OP Shared Branch network, which makes depositing funds relatively easy.

Funding and Other Details

The following information is from a conversation with a very helpful CSR.

  • Early Withdrawal Penalty – Six months of interest, with partial withdrawals permitted.
  • Funding – Internal transfer. Funds must be on deposit at Mobility CU before a CD can be opened.
  • CO-OP Shared Branch Participant – Yes.
  • Dividends – Compounded/credited monthly and can be withdrawn penalty-free by check or internal transfer to savings account.
  • Maturing Funds – Cashier's check to address on file, or deposited in a Mobility CU savings account.
  • Beneficiaries – Up to three with equal shares; Social Security numbers required.
  • Grace Period – 10 calendar days before automatic renewal as a traditional 12-month CD.
  • Credit Check – Soft pull when joining.

Credit Union Overview

Mobility Credit Union has an overall health grade of "B+" at, with a Texas Ratio of 6.09% (excellent) based on September 30, 2022 data. In the past year, Mobility CU has increased its total non-brokered deposits by $42.63 million, resulting in an excellent annual growth rate of 16.68%. Please refer to our financial overview of Mobility Credit Union (NCUA Charter # 68606) for more details.

In 1965, fourteen employees met in the Dallas IBM facility’s lunchroom, collected $150, and founded the IBM Southwest Employees Federal Credit Union. As the FOM grew and diversified, the name was changed to YOUR Credit Union, as a “better reflection of the Credit Union’s strategic vision.”

With the advances in technology, which redefined banking convenience, along with a growing and younger mobile society, we determined that a new name was needed to convey our capability to meet the dynamic changes taking place in the market place. In 2014, we changed our name to MOBILITY Credit Union. The name depicts our ability to enable members to conduct banking transactions from anywhere and at any time, 365 days a year, 24 hours a day.

Mobility Credit Union is currently the 74th largest credit union headquartered in Texas, with more than 21,000 members and assets in excess of $351 million.

How the 48-Month and 60-Month CDs Compare

UPDATE 1/27/2023: The comp tables have been updated to reflect the new Mobility CU rates.

When compared to similar length-of-term CDs tracked by that are available within the FOM and have minimum deposit requirements of $10k or less, no banks or credit unions have higher rates than currently offered on the Mobility Credit Union 48-month and 60-month CDs. The following table compares the 48-month and 60-month CDs to the two highest-rate CDs from other banks and the two highest-rate CDs from credit unions.

The above information and rates are accurate as of 1/26/2023.

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

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

  |     |   Comment #1
All My Ex's Live in Texas What A Great Deal For Them!
  |     |   Comment #5
Now it be told thumbsup…that’s how those Go Fund Me accounts started
  |     |   Comment #13
They can open their CDs with YOUR money!
  |     |   Comment #24
Yup, feelin' same way thumbsup...I'm still stuck in Cali. and just opened NASA 4yr yesterday sigh.
  |     |   Comment #2
Texas is a VERY big place. Who wants to guess how many more minutes this deal will last? All the best to those who move fast!
  |     |   Comment #3
Probably sometime tomorrow it will be gone
  |     |   Comment #6
Who knows ?? I opened the savings account on-line yesterday. And am awaiting the arrival of funds by incoming ACH in order to open the CDs. In conversation with a CSR today, I expressed concern that it would take a couple business days for the funds to arrive, and their rates might drop in the interim. He said that was no problem, as they would be honoring the current rates for all those who are in the process of opening CDs. He said that they have had tons of account openings the past two days (co-inciding with the Deposit Account Forum Post - imagine that). He also stated that they do not foresee their rates going down anytime in the near future. I am sure that's what they are being told now - but things can change. Evidently these rates have been offered since January 6. The 4 year and 5 year were just not publicized on-line.
  |     |   Comment #14
Do you live in Texas?
  |     |   Comment #7
You may be right, however I opened a 2nd one today and specifically asked the mgr how long he thought this rate would be offered. He said into February, he didn't say all of February, but 'into' February. I call this  a Unicorn rate which is the only reasonable explanation I can think of.
  |     |   Comment #4
I used to live in East Dallas back in the disco era. STAYIN ALIVE , STAYIN ALIVE ! :)
  |     |   Comment #8

"CSR said the stated APYs apply to all balances ($500+)"

That's really unusual.  Looks like they need a lot of cash in a hurry and are looking for big depositors.

A note:
Since you are limited to no more than 3 beneficiaries, don't fund the account with more than $750k less the interest that you plan to let stay on deposit or some of your account will not be covered by NCUA (for an individual account).
  |     |   Comment #9
They are getting swamped now the manager said hundreds of applications just today
  |     |   Comment #10
Curious how the word got out. Storefront, signs in the branch?
  |     |   Comment #11
Yep this in one to jump on for the 5 year term if you qualify.....hopefully we will see deals like this nationally available soon. The big banks are having a tough time passing the psychological 5% barrier.
  |     |   Comment #12
I wouldn't call the barrier psychological.

I'll grant that the treasury markets and retail deposit markets are apple and orangeish. But at 5%, that's approximately 120 bps higher than 5-year treasuries on a typical investor's tax equivalent basis. That's clearly well above the justifiable risk premium.
  |     |   Comment #15
If a bank does something in a hurry, it means that they have a notice from FDIC as a not compliant with Basel III, which means, they need money for a BAIL-IN, should the FDIC insists on compliance.
I always avoid such FIs.
  |     |   Comment #16
Kinda reminds me of that Prime Alliance deal in 2019 that ended days after it was discovered. It'll be over tomorrow they'll be so swamped.
  |     |   Comment #17
I am also reluctant about this deal. Only three branches and offering a 5yr. 60 month @5.59APY which is FAR above what any other regional/national FI is currently offering. Either they know something the rest of us don't or they need cash quick hence the 5.59. Only three beneficiaries sinks it for larger depositors.If you qualify for membership, have funds immediately available and stay below NCUA limits then by all means go for it...if you live on the Wild Side!
  |     |   Comment #18
What If Texas Declared Independence From the United States?
There's always been talk about Texas becoming it's own country lol
  |     |   Comment #19
With the undefended border invasion currently in progress, I'd be much more concerned about Mexican annexation than Texas secession.
  |     |   Comment #20
Got a chuckle out of that one. But on second thought, I don't think annexation by Mexico is in the cards even if the US allowed it.

Let's say you have a herd of healthy, well-cared-for cows, and your neighbor has a herd of scrawny, mangy cows. You already give your neighbor some of your cows' milk every day, but your neighbor wants more. So some of your neighbor's kids sneak over the property line at night, hide in your bushes and milk some of your cows, while your neighbor looks the other way. They consume some of the milk, but also send quite a bit back over the property line. Now logically, would your neighbor prefer to (if given the chance) start owning some of your cows, with all the attendant expenses involved (feeding, housing, veterinary, waste cleanup, etc.)? Of course not! They'd greatly prefer the current situation.

And later, some of the kids from your neighbor's neighbor on the other side - where the cows are even more scrawny and mangy - start sneaking onto your neighbor's property, and thence onto yours! Rinse and repeat...
  |     |   Comment #21
"They'd greatly prefer the current situation."

All true, except if your neighbor's land is overflowing with oil and you are laughing at his lunatic obsession with climate change.
  |     |   Comment #22
True, but one must factor in just how efficiently and effectively Mexico has managed its own not-insignificant oil reserves...
  |     |   Comment #23
Rates changed today according to text I received from the CU: 60 Month 5.12% and 48 month 5.06%
  |     |   Comment #25
Raises the question. Is the retail banking deposit market getting too efficient to catch the best deals.
  |     |   Comment #26
Becoming a member is easy. Trying to set up a new IRA to roll my maturing IRA (next week) from another FI seems impossible. They’ve already rolled back the 5 year rate to 5.12 %. They hang up on you if you don’t have your account number available instantly or give your full social security number. They are a mess. Thinking it might be a mistake to move my money to Mobility.
  |     |   Comment #27
Wow, thats a great rate!! Inflation is officially our best friend! You should be thankful its raging on.
  |     |   Comment #28
Are you bad at math? Inflation is higher than even the best cd rates
  |     |   Comment #30
I feel like I am pretty good at math. I began saving a long time ago, with the expectation that I increase my net worth each year that passes. 2021 and 2022, were my best years yet. Each month gets better and better, more than any month to month difference since 2005.

What if I told you that the new Iphone was the only thing in the world that is increasing in price in 2023? You would avoid a new phone until they go down, or look to an android phone. I apply that to almost everything. Things will drop very, houses, gadgets, etc. Be ready for DEflation, coming soon! And when that happens at the end of 2023 or beginning of 2024, you will still have a solid 4 years left on your 5 year CD.
  |     |   Comment #29
I'm not sure what kind of friends you have, but my best friend didn't try to rob me of 20% of my real net worth over the last two years like inflation did.
  |     |   Comment #31
Now THAT is a horrible friend!! Luckily, I chose my friends wisely, and they have given me more than 20% over the past year.
  |     |   Comment #32
note that they've pulled a fast one everyone that signed up with a lower rate

it's not possible to do online reg. to get a CD, and it requires a manual workflow from a banker (only savings account is enrolled for online signup). They've changed the terms on their public site overnight and are doing call-outs of all sign-ups to tell them they are only eligible for the (now) lower rate @ 5% APY or whatever the % is when you fund the account.

This is not a good sign for longevity of their checking account interest promo, which is expected to yield 5.0x% APY with a variety of steps. These overnight rate changes suggest they will be extremely quick to go back to insignificant % yields.
  |     |   Comment #33
I think your characterization of what they did is a reasonable one. It could be interpreted as a bait and switch.

This is always a concern when you're trying to catch a deal. Between the time of first contact and the time it is funded there is always the chance that the terms will change. The best FIs will honor the arrangement that was initially made as long as the funds are received in a reasonable amount of time. But very few of them will guarantee that. And you can't expect them to hold the deal open forever. They can't be responsible for funding delays that are not their fault.

And I think you're also right to point out that this is often a process related factor. If you first have to fund a savings account, for example, before you can fund the CD there is nothing about the process that indicates that you are entitled to a CD at some particular rate. But if you start off the process to directly fund a CD then at least your intent is built into the process. Different FIs handle this differently. I much prefer the latter process because it's clear that you are making this arrangement with the intent of receiving a specific set of terms and rate. But unfortunately you usually don't have a choice.
  |     |   Comment #34
If you are currently trying to chase any CD offering north of 5% for a 5 year or longer duration buyer beware, they wont last long! The FI will be swamped especially if the offer gets national exposure, and don't be surprised if the rate changes or the entire offer is gone in a blink of an eye. We have seen it before, and Mobility CU knew exactly what would happen offering the 5.59% ...opening the door to the classic bait and switch. These small FI's have everything to gain and most could care less with some potential unsatisfied customer that missed an offered rate.Their rationalization may be they are providing a fantastic service to the community by opening any window into a higher rate...regardless how long it was open.
  |     |   Comment #35
I can't say what their motivation was or if they anticipated this outcome. But if it was supposed to provide an opportunity for an above market rate to the community it serves, an ethical way to do that would be to put a balance cap on the CD. Clearly, creating a chaotic free-for-all would not be the ethical way to do it or to nobly serve the community.
#36 - This comment has been removed for violating our comment policy.
Mobility Credit Union (TX) CDs Maintain Competitive Rates
Deal Summary: 12-month CD, 0.90% APY, $500 minimum deposit.

Availability: Easy membership requirement for Texas residents.

While the Mobility Credit Union (Mobility CU) product line has only five CDs, the 9-month, 12-month, and 24-month all currently offer competitive rates. I wrote about the 9-month CD in a May blog post, noting that the 0.75% APY had been in effect for about eight months; that rate has now been in effect for about 13 months.

Like the 9-month CD, the 12-month and 24-month CD rates have remained unchanged since a rate...

Continue Reading
Mobility Credit Union (TX) 9-Month CD Available Statewide
Deal Summary: 9-month CD, 0.75% APY, $500 minimum deposit.

Availability: Easy membership requirement for Texas residents.

Nine months ago, I wrote about Mobility Credit Union’s (Mobility CU) competitive CDs, including the 9-month CD, which earned 1.00% APY at the time. At the beginning of October, the rate dropped to 0.75% APY, and it has held steady since then. The rates of all of Mobility CU's CDs remain competitive, but the 9-month CD currently has the most competitive rate. The minimum opening deposit is $500, and there is no stated...

Continue Reading
Mobility Credit Union (TX) Earn-It Checking Available Statewide
Deal Summary: Earn-It Checking, 2.53% APY on qualifying balances up to $15k.

Availability: Easy membership requirement for Texas residents.

Mobility Credit Union (Mobility CU) unveiled its rewards checking account, Earn-It Checking, about six months ago. The Earn-It Checking’s initial 2.53% APY on qualifying balances up to $15k is still in effect. Qualifying balances over $15k earn 0.04% APY, with non-qualify balances earning 0.02% APY.

The monthly qualification requirements include the following:

  • At least 15 debit card purchases (minimum $10 per transaction)
  • At least $300 in direct deposit or ACH deposit...
Continue Reading
Mobility Credit Union (TX) Offers CDs Statewide
Deal Summary: CDs – 9-month (1.00% APY), 12-month (1.16% APY), and 24-month (1.26% APY), $500 minimum deposit.

Availability: Easy membership requirement for Texas residents.

Mobility Credit Union’s (Mobility CU) 9-month CD earns 1.00% APY, which is considered competitive in the current rate climate. While not as competitive, the rates on the 12-month (1.16% APY) and 24-month (1.26% APY) CDs are very good. Any of these CDs can be opened with a $500 minimum deposit, with no stated balance cap.

Only the 12- and 24-month CDs are available...

Continue Reading
Competitive Short-Term Jumbo CD Rates at Your Community Credit Union in Texas

Unless you can get lucky with a hot short-term CD deal, you’ll probably have to settle for rates around 1.00% for good short-term CD deals. That’s the case for Your Community Credit Union which is offering a 1.00% APY for a 6-month and 12-month Jumbo CD. The minimum deposit to qualify for this rate is $100,000. The rates go down quite a bit for smaller deposits. This rate is listed in the credit union’s rates page as of 5/2/2013.

Credit union membership is open to those who live, work or worship...

Continue Reading

More Past Offers

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 [email protected] 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.