Telhio Credit Union Offers Competitive CD Specials To All Ohio Residents


Deal Summary: 10-Month CD Special, 3.30% APY, $500 min/$10k max deposit, limit of two CD Specials per member. 6-month CD Special, 2.53% APY, $500 min deposit of new money.

Availability: Easy membership requirement in Ohio

For a limited-time Telhio Credit Union (Telhio) is offering a 10-Month CD Special earning 3.30% APY. The minimum opening deposit is $500 and is capped at $10k, with a limit of two 10-month CD Specials per member.

3.30%$500$10kTelhio Credit Union10 Month CD Special
Rates as of October 3, 2022.

Telhio also has a 6-month CD Special earning 2.53% APY. The minimum opening deposit is $500 of new money, which is defined as funds “not deposited at Telhio within the previous 15 days.” Unlike the 10-month CD Special, there is no stated balance cap or limit of how many can be opened per member.

2.53%$500-Telhio Credit Union6 Month CD Special - New Money
Rates as of October 3, 2022.

There is no Truth-in-Savings disclosure available on Telhio’s website, so the following information was obtained in a conversation with CSR.

  • The Early Withdrawal Penalty for an CD with a term of 12 months or less is 90 days of dividends, with partial withdrawals allowed.
  • A CD Special can be opened online or in-branch, with current members being able to open the CD Special over the phone.
  • Funding can be done by ACH or through an internal transfer from any Telhio liquid account.
  • Maturing funds can be distributed through a cashier’s check to the address on file or transferred to any Telhio liquid account.
  • There is a 10 day grace period before the 10-month CD Special automatically renews as a 9-month CD; the 6-month CD Special will automatically renew as a 6-month CD.
  • Dividends are compounded and credited monthly and can be withdrawn without penalty. An automatic transfer to a Telhio checking or savings account can be scheduled.
  • Unlimited beneficiaries can be designated with percentages assigned. Social Security numbers are required for all named beneficiaries.
  • Telhio CU will do a soft pull when a CD Special is opened.

Excess Share Insurance

Deposits at Telhio are fully insured up to $500,000.

When you join Telhio, your funds are insured up to $250,000 by the National Credit Union Share Insurance Fund (NCUSIF), which is backed by the full faith and credit of the United States government.

Additionally, consumer (non-business) account holders have access to an additional $250,000 of insurance through the Excess Share Insurance Corporation (ESI), a licensed insurance company, for a total of up to $500,000 in account insurance.


Headquartered in Columbus, Ohio, Telhio Credit Union’s field of membership (FOM) now includes a limited easy membership requirement. The online membership application lists five ways to qualify for member, with the last option stating,

I am an Ohio resident and do not qualify with any of the options above. Help me qualify for membership. I would like to be signed up for American Consumer Council (ACC).

The Membership Eligibility page details the other routes to Telhio membership.

Residency: U.S. citizens/residents aliens who live, work, worship, or attend school in the Ohio counties of Butler, Champaign, Clark, Delaware, Fairfield, Franklin, Greene, Hamilton, Licking, Madison, Marion, Miami, Montgomery, Morrow, Pickaway, Preble, Richmond, Union, or Warren are eligible to join.

Employment: Employees of several SEGs, including Anthem Blue Cross and Blue Shield, the Ohio State Medical Association, and Central Benefits Mutual Insurance Company, qualify for membership.

Relationship: Family members of current Telhio CU members are welcome to apply. As stated on the Membership Eligibility page, family members is defined as “relation by blood, adoption, marriage, or living in the same household.”

Joining Telhio and/or opening a CD Special can be done online or at any of the 12 full-service Ohio branches located in Columbus (5), Fairfield, Grove City, Hamilton, Reynoldsburg (2), West Chester, and Worthington.

A minimum $5 deposit in a Share Savings account is required to establish a Telhio membership.

Telhio participates in both the CO-OP Shared Branch and ATM network, “which allows our members the convenience of banking no matter where they are.”

Credit Union Overview

Telhio Credit Union has an overall health grade of "A" at, with a Texas Ratio of 1.43% (excellent) based on March 31, 2022 data. In the past year, Telhio has increased its total non-brokered deposits by $45.32 million, resulting in an excellent annual growth rate of 4.09%. Please refer to our financial overview of Telhio Credit Union (NCUA Charter # 62848) for more details.

Established in 1934 as a credit union for Columbus Telephone Company employees, Telhio Credit Union is currently the seventh largest credit union headquartered in Ohio, with nearly 70,000 members and assets in excess of $1.3 billion. In the past nine years, three other Ohio credit unions (Columbus Metro Federal Credit Union, 2021; Chaco Credit Union, 2016; and Mt. Olivet Federal Credit Union, 2013) have merged with Telhio. With the recent FOM expansion making all Ohio residents membership-eligible, Telhio’s potential for growth is exponential.

How the 10-Month CD Special Compares

When compared to similar length-of-term CDs tracked by which are available within the FOM and have minimum deposit requirements of $10k or less, no banks or credit unions have higher rates than currently offered on the Telhio Credit Union 10-month CD Special. The following table compares the 10-month CD Special to the two highest-rate CDs from other credit unions and the two highest-rate CDs from banks.

How the 6-Month CD Special Compares

When compared to similar length-of-term CDs tracked by which are available within the FOM and have minimum deposit requirements of $10k or less, one bank and one credit union have higher rates than currently offered on the Telhio Credit Union 6-month CD Special. The following table compares the 6-month CD Special to the two highest-rate CDs from other credit unions and the two highest-rate CDs from banks.

The above information and rates are accurate as of 8/27/2022.

To look for the best CD rates, both nationwide and state specific, please refer to our CD Rates Table page.

Related Pages: Cincinnati CD rates, Columbus CD rates, 1-year CD rates

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