River City Federal Credit Union is offering some competitive long-term CD rates. The best is its 5-year CD with a top yield of 3.20% APY for a $90K minimum deposit. The other top CDs for a $90K minimum include a 2.72% APY 4-year CD and a 2.42% APY 3-year CD. Slightly lower rates are available for a $500 and $50K minimum deposit. These rates are listed in the credit union's rate sheet as of 9/9/2010.
The credit union continues to offer a high-yield reward checking account that pays 3.75% APY on balances up to $30K (as of 9/9/2010). I first reported on this checking account in July.
Membership is open to those who live, work, worship or attend school in Bexar County, Texas. Please refer to the credit union membership page for the full details.
Branches are located in San Antonio. The credit union is part of a shared branch network, CU Service Centers, which allows you to conduct many banking transactions at branches of other credit unions around the nation.
The credit union has an overall health score of 4 out of 5 with a Texas Ratio of 7.07%(excellent) based on June 2010 data. Please refer to our financial overview of River City Federal Credit Union for more details. The credit union is federally insured by the NCUA (Charter # 926).
Searching for the Best CD Rates
It's getting difficult to find 5-year CDs with yields above 3.00%. For those who have $175K to invest, USAA Bank is offering a 3.31% APY 5-year CD nationwide. For smaller balances, 3% is about all that you can get. Sallie Mae Bank continues to offer a 3.00% APY 5-year CD that's available nationwide. These rates are as of 9/09/2010.
To search for the best nationwide rates and the best rates in your state, please refer to the following sections of DepositAccounts.com: