High CD Rates at Randolph-Brooks Credit Union in Texas - Local Only
CD and IRA CD rates have held up well at Randolph-Brooks Credit Union. Most of the long-term CD rates have remained the same since my last post in December. The best rates require a minimum deposit of $75K. The rates are 0.05% less for a $20K minimum, and 0.10% less for a $5K minimum. Below are some of the best deals as listed in the credit union's rates page as of 6/03/2011:
- 3.45% APY 7-year CD, $75K min, 420-day EWP
- 3.14% APY 6-year CD, $75K min, 360-day EWP
- 2.84% APY 5-year CD, $75K min, 300-day EWP
- 2.32% APY 4-year CD, $75K min, 240-day EWP
- 2.12% APY 3-year CD, $75K min, 180-day EWP
Note, EWP stands for early withdrawal penalty, and these penalties are stated below the rate table. I included them with the rates since they vary by term, and they're above average for the longer terms. If you're shopping for CD rates in Texas, you may want to see if your credit union will match these rates. If your credit union has a smaller EWP, the rate match would be very nice.
Randolph-Brooks membership is open to those who live, work or worship in certain parts of Austin, San Antonio, San Marcos, Seguin and other parts of Central Texas. Please refer to the credit union's membership page for the full details.
Randolph-Brooks Federal Credit Union branches are located throughout Central Texas. It's the third largest credit union based in Texas. It has over $4 billion in assets.
The credit union's overall health score at DepositAccounts.com is 5 stars (out of 5) with a Texas Ratio of 0.71% (excellent) based on March 2011 data. Please refer to our financial overview of Randolph-Brooks Credit Union for more details. The credit union is federally insured by the NCUA (Charter # 8111).
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.
Year and a half of penalty is the deal killer.