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2.06% 12-Month CD and a Special 5% 5-Month CD ($5K Max) at People's Trust FCU in Houston - Easy Membership

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People's Trust FCU is offering competitive rates on its 12-month CD. Yields range from 2.04% APY for a $1,000 minimum deposit to 2.12% APY for a $100,000 minimum deposit. The same rates are available as both regular CDs and IRA CDs. These rates are listed in the credit union's rate tables as of 9/16/2009.

The credit union continues to offer a special 5-5-5 Term Share Certificate as of 9/16/09. It's a 5-month CD with a 5.00% APY with a minimum of $500. The only problem is that it has a $5,000 maximum deposit. Refer to my June 2008 post on this special for more details. This alone may not make joining the credit union worthwhile, but if you join to open the 12-month CD, you might also want to take advantage of this 5-5-5 CD.

Credit union membership is open to members of the People's Trust Foundation which appears to be open to anyone. The foundation membership costs $5. More details are described in the credit union's How-to-Join Page. You can be eligible to join the credit union without joining the foundation if you live or work within the Houston city limits. Employees of Shell and other Select Employee Groups can also qualify for membership.

If you don't live near a branch, you can join by mail, but it requires that you notarize the membership application. Refer to the credit union's Who-Can-Join Page for more details. Credit union membership requires a minimum $5 deposit in the savings account.

Branches are located in Houston, TX.

The credit union's ratings for safety and soundness are mixed: 4 stars (excellent) at BauerFinancial (based on 6/30/09 data) and 2 stars (below peer group) at Bankrate.com (based on 3/31/09 data). The credit union is federally insured by the NCUA (Charter # 177).

Other High Certificate of Deposit Rates
For very high yield CDs that have a low maximum deposit (like People's Trust 5-5-5 special), refer to this post. Premier America Credit Union in Houston and Southern California is also offering this type of special CD with a 12% APY for 12 months and a maximum deposit of $1,200 (see post).
Related Pages: CD rates

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2 Comments.
Anonymous
  |     |   Comment #1
Peoples FCU is one of the best deals since I live in Houston. They give $100 practically for keeping account open for 4 months
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1
Anonymous
  |     |   Comment #2
Ken - we really appreciate your meticulousness. A great blog.
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1
$100 Checking Account Bonus at People's Trust FCU in Texas
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POSTED ON SUNDAY, JUNE 7, 2009 BY KEN TUMIN
People's Trust FCU has a checking account promotion with up to a $100 bonus. There's no direct deposit requirement, but it does require some work and some time. The offer is available through June 30, 2009. Below are the requirements to receive the full $100 as listed in the credit union's promotion page:
  • Open a Classic Checking account with a minimum $20 deposit
  • Opt for e-Statements and a VISA debit card
  • Make 5 signature-based debit card purchases per month, and for each month this is done, you'll receive $25 for up to 4...

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5.00% 5-Month CD at a Texas CU - $5K Max / Easy Membership (People's Trust)
Comments (2)
POSTED ON WEDNESDAY, JANUARY 21, 2009 BY KEN TUMIN
People's Trust FCU is offering a special 5-5-5 Term Share Certificate with a 5.00% APY and a 5-month term. The minimum deposit is $500, and the maximum is $5,000 per member. It also has an add-on feature that allows deposits in increments of $5 during the term up to the maximum $5,000.

I just posted on this credit union on Sunday regarding their very competitive long-term CDs. A reader mentioned this 5-5-5 special in the comments. For some reason I had missed this special. It's not the best deal, but at...

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3.84% 24-Month CD and Other High Rates at People's Trust FCU - Easy Membership
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POSTED ON WEDNESDAY, JANUARY 21, 2009 BY KEN TUMIN
People's Trust FCU is offering several competitive CD rates. These include 3.32% APY for 12 months, 3.58% APY for 18 months, 3.84% APY for 24 months, 4.09% APY for 36 months, 4.35% APY for 48 months and 4.61% APY for 60 months. Minimum deposit is $10,000. CDs with $1K minimums have slightly lower rates, and larger minimum deposits provide slightly higher rates. The same rates are available as both regular and IRA CDs. These rates are listed in the credit union's rate tables as of 1/21/2009.

The credit union continues to...

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5.05% 60-Month / 4.01% 24-Month CD at a Houston CU - Easy Membership (People's Trust)
Comments (1)
POSTED ON SUNDAY, JUNE 8, 2008 BY KEN TUMIN
People's Trust FCU has some attractive rates on its long term CDs. There's a 5.05% APY 60-month CD, a 4.27% APY 36-month CD and a 4.01% APY 24-month CD. The minimum deposit is $10,000. Slightly higher yields are available for larger deposits. CDs with a $1,000 minimum are also available with slightly lower yields. These are also available in IRAs including Traditional, Roth, Conduit, Educational and SEP.

Credit union membership is open to members of the People's Trust Foundation which appears to be open to anyone. The foundation membership costs $5....

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