Redstone Federal Credit Union is offering some competitive long-term CD rates. The best one is the 5-year CD which has a 2.75% APY. Minimum deposit is $1,000. The 5-year IRA CD and Jumbo CD have a 2.80% APY. Jumbo CDs require a $100K minimum deposit. The credit union's 3-year and 4-year CD rates are also fairly competitive with rates of 1.70% APY and 2.25% APY. These rates are listed in the credit union's certificates rate page as of 2/3/2011.
As compared to internet banks on 2/3/2011, the best 5-year CD rate is 2.75% APY at Salem Five Bank. As compared to credit unions with easy memberships, the best 5-year CD rate is 2.93% APY at Melrose Credit Union.
Membership in Redstone FCU is primarily based on employment or membership into one of many companies, churches and organizations. Please refer to the credit union's membership page for the full details. There are a few churches in the list in which members can qualify to join the credit union.
Redstone FCU is a large credit union with over 2.8 billion in assets and over 320,000 members. It has 20 branch locations in Huntsville and surrounding areas.
The credit union has an overall health score at DepositAccounts.com of 4 out of 5 with a Texas Ratio of 6.63% (excellent) based on September 2010 data. Please refer to our financial overview of Redstone Federal Credit Union for more details. The credit union is federally insured by the NCUA (Charter # 7544).
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