San Patricio County Teachers FCU (TX) Has Competitive Long-Term CDs

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Availability: Residents of San Patricio County, Texas; San Patricio County school district employees; Live Oak County educators.

San Patricio County Teachers Federal Credit Union (San Pat FCU) is currently offering very competitive long-term CDs: 3-year CD (2.25% APY), 4-year CD (2.30% APY), and 5-year CD (2.35% APY). The minimum deposit for any of these CDs is $2.5k, with no maximum balance cap.

In the past four years, each of the CDs has had seven rate changes, with the current APYs being the highest rate during that time frame.

According to CSR, the Early Withdrawal Penalty for the 3- and 4-year CDs is 180 days interest, and 360 days interest for the 5-year CD.

Availability

Headquartered in Sinton, Texas, San Patricio County Teachers Federal Credit Union offers membership to all San Patricio County school district employees and their families, educators in Live Oak County, and all residents of San Patricio County.

Joining San Pat FCU and/or opening a CD can be done at either of the two Texas branches located in Portland and Sinton.

San Pat FCU’s membership application is available as a download, and can be returned in person, by fax, or by mail.

San Pat FCU’s online banking platform is currently limited to account management and bill payment services.

Credit Union Overview

San Patricio County Teachers Federal Credit Union (NCUA Charter # 11721) has an overall health grade of "B+" at DepositAccounts.com, with a Texas Ratio of 3.93% (excellent) based on December 31, 2015 data. In the past year, San Pat FCU has increased its total deposits by $779,000, an excellent annual growth rate of 3.02%. Please refer to our financial overview of San Patricio County Teachers Federal Credit Union for more details.

San Patricio County Teachers Federal Credit Union was established in 1957 for the benefit of San Patricio County school district employees. The field of membership was expanded in 1974 to included educators in neighboring Live Oak County. In 2002, membership was extended to all residents of San Patricio County.

As you may have guessed, "San Patricio" is Spanish for "Saint Patrick," a saint not normally associated with Spanish-speaking people or countries. According to Wikipedia,

In 1828, 200 Irish Catholic families, recruited from Ireland and the Irish population of New York City, contracted with the Mexican government to settle on 80 leagues of land in this area.

Saint Patrick was the primary patron saint of these settlers and the County was named after him.

How the CDs Compare

When compared to the144 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available to residents of the Corpus Christi, Texas metro area, San Patricio County Teachers Federal Credit Union’s 3-year CD APY currently ranks first.

When compared to the 120 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available to residents of the Corpus Christi, Texas metro area, San Patricio County Teachers Federal Credit Union’s 4-year CD APY currently ranks first.

When compared to the 122 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available to residents of the Corpus Christi, Texas metro area, San Patricio County Teachers Federal Credit Union’s 4-year CD APY currently ranks second.

The above rates are accurate as of 5/19/2016.

To look for the best CD rates, both nationwide and in your state, please refer to our CD rates table, or our new Rates Map page.

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