5.91% 60-Month CD at a Texas CU - $50K (Star of Texas).

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The Star of Texas Credit Union is offering several high yields on its long-term certificates. The highest rate is 5.91% APY for the 60-month Jumbo CD which has a $50K minimum deposit. The APY for a $1K minimum is 5.65%. The rates of the Jumbo 48-month and 36-month CD are 5.65% and 5.49% APY.

The website doesn't provide many details about the field of membership. I called yesterday and was told that the FOM includes employees of the Texas Employment Commission and their family members. Also, those who reside within 10 miles from credit union's branch are also eligible. The branch is located in Austin, Texas.

The credit union is NCUA insured. It has $25.6 million in assets and 3,973 members.
Comments
Banking Guy
Banking Guy (anonymous)   |     |   Comment #1
Looks like they're not doing a good job at updating the rates table on the website. When I called yesterday (12/18/06), I was told the top rate is now only 5.65% APY.

For those in the Austin area, you can still get a 5.82% APY 5-year jumbo CD and other high rate CDs at Austin Telco FCU (see post)