|2.02%||$1k||-||Mobiloil Federal Credit Union||5 Year CD|
|1.81%||$1k||-||Mobiloil Federal Credit Union||4 Year CD|
|1.56%||$1k||-||Mobiloil Federal Credit Union||3 Year CD|
Mobiloil Credit Union has an especially competitive 5-year CD with a 3.30% APY. The other long-term CDs are not quite as competitive: a 2.78% APY 4-year CD and a 2.42% APY 3-year CD. Minimum deposit is $1,000, and these rates are also available in an IRA. These CD rates are listed in the credit union's rate page as of 7/14/2010.
When I first noticed this credit union, I assumed that it would only be available to Mobil employees. It originally serviced employees of the Magnolia Beaumont Refinery which had been part of Mobil. However, the credit union now has a community charter. Membership is open to those who live, work, worship or attend school in Jefferson, Hardin, Orange, Jasper or Newton counties in Texas. Please refer to the credit union's How-to-Join page for the full details.
Branches are located in the East Texas cities of Beaumont, Jasper and Nederland.
The credit union's ratings for safety and soundness are above average: 5 stars (superior) at BauerFinancial, 3 stars (performing) at Bankrate.com and an overall heatlh score of 4 out of 5 at DepositAccounts.com (see our financial overview for Mobiloil Credit Union. These ratings are based on March 2010 data except for Bankrate which is based on 12/31/09 data. The credit union is federally insured by the NCUA (Charter # 491).
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.