Telhio Credit Union (OH) 60-Month CD Has Highest APY In Nation


Deal Summary: 60-month CD, 5.12% APY, $500 minimum deposit.

Availability: Easy membership requirement in Ohio.

Following an impressive rate increase of 105 bps, the Telhio Credit Union (Telhio) 60-month CD currently offers a rate-leading 5.12% APY. The minimum opening deposit is $500, with no stated balance cap.

In the past ten months, the 60-month CD has had eight rate increases, adding a total of 422 bps. The 60-month CD currently has the highest and most competitive rate in the Telhio CD product line.

According to CSR, the Early Withdrawal Penalty for the 60-month CD is 180 days of dividends on the amount withdrawn, with partial withdrawals allowed. If a withdrawal is made within the first six months of opening, the principal may be reduced.

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 added a limited easy membership requirement to its field of membership (FOM) almost a year ago. The online membership application lists five ways to qualify for member, with the last option reading,

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.”

Account Opening

Joining Telhio and/or opening a CD can be done online or at any of the 11 full-service Ohio branches located in Columbus (5), Fairfield, Grove City, Hamilton, Reynoldsburg, West Chester, and Worthington. Current Telhio members can open a CD over the phone.

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

Funding and Other Particulars

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

  • Funding – ACH, internal transfer from a Telhio liquid account, or a shared branching transaction.
  • CO-OP Shared Branch Participant – Yes.
  • Ownership – Individual, joint, or trust.
  • Dividends – Compounded and credit monthly and can be withdrawn without penalty. Automatic transfer to a Telhio checking or savings account can be scheduled.
  • Maturing Funds – Cashier’s check to address on file or internal transfer to a Telhio liquid account.
  • Beneficiaries – Unlimited beneficiaries can be designated, with percentages assigned. Social Security numbers are required for all beneficiaries.
  • Grace Period – 10 calendar days before automatic renewal.
  • Credit Check – Soft pull when a CD is opened.

Credit Union Overview

Telhio Credit Union has an overall health grade of "B+" at, with a Texas Ratio of 2.03% (excellent) based on December 31, 2022 data. Telhio has an average capitalization level (9.05%), the result of holding $1.38 billion in assets with $124.92 million in equity. 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 more than 70,000 members and deposits in excess of $1.1 billion. In the past ten 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 new FOM expansion making all Ohio residents membership-eligible, Telhio has increased its potential for growth exponentially.

How the 60-Month CD Compares

When compared to similar length-of-term CDs tracked by that 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 60-Month CD. The following table compares the 60-month CD 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 5/5/2023.

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, 5-year CD rates

  |     |   Comment #1
Dang. Would love to grab this one and now. I'm even already a member of ACC. But I don't live in Ohio.
  |     |   Comment #2
Boy that's what I am looking for maybe more to come.
  |     |   Comment #7
Me too! But wrong state ACC member. (Missed out on all the good 60month ones waiting for the elusive higher than 5.5%. But now would be happy to 'settle for' this 5.+% 60mo)
  |     |   Comment #29
They have AAA listed under association I'm a member of. I might give that a try.
  |     |   Comment #32
Did you apply?
  |     |   Comment #33
It didn't work. I called and the rep checked and said AAA would work from out of state. I applied and heard back the next day that it didn't go through. Called again and second rep said you had to be in Ohio.
  |     |   Comment #3
I wonder if they do IRAs at this rate?
  |     |   Comment #4
@ me1004 - Me too! But wrong state! (Missed out on all the 60mo ones waiting for the elusive higher than 5.5%. But now would be happy to 'settle for' this 5.+%)
  |     |   Comment #5
Sorry - re typed because wasn't showing up ; I guess there's a weird time delay
  |     |   Comment #6
Sorry - re typed because wasn't showing up. (Tried to delete whole thing; I see 'edit' doesn't let you delete whole thing).
  |     |   Comment #8
Five years is a long time. A lot can happen between now and then. As part of a ladder or diversified fixed income portfolio I don't see anything wrong with something like this if it is structured right. But I would use caution in going all in with just one CD for a term that long. It's risky. May turn out good and may not.

Consider those who were thrilled to get the 3.x CDs in the last round of rate increases a few years ago and went all in for 5 and 7 years. They may end up completely missing this rate cycle.
  |     |   Comment #9
I agree.  I think most people who read this site probably realize that. (Personally, I would never 'put all my eggs in 1 basket'. I did get good 5.+% rates on 19 mo, 26 mo, 35 mo, & savings/checking, but just waited too long for the 'higher' 60mo) .
  |     |   Comment #10
I even called them today to try to become a see if there any loopholes. no way.
  |     |   Comment #11
Try charming them with a little tailored humor...

Maybe you could ask them what's round on both ends and high in the middle. :)
  |     |   Comment #12
Hi P-D where do you think rates are going to go from here.
  |     |   Comment #13
Thanks for asking Sanger, but I generally refrain from making predictions. I'm more in the diversification camp in which predictions are less important.

I will say though that I don't think the government policy direction of the last two years is going to end well for the economy. How long the full reckoning will take I don't know, but I think that the potential that the economy could have reached over these last two years has already been squandered.
  |     |   Comment #14
Thank You P_D for getting back to me not to get off topic. But I saw all those people at the border getting ready to come in next week when title 42 ends what are we going to do with all those people this is insane.
  |     |   Comment #27
Give them jobs, restrict national benefits, and tax the hell out of em. Just like we do to our own citizens. Boom. Problem solved. How does no one get this?
  |     |   Comment #30
They don't pay no taxes, are you kidding me. They never issue a tax return either.
  |     |   Comment #19
PD...please clarify why "going all in with one CD that long," gives you pause.Are you recommending against one putting all their eggs in one basket, the term, the CU?
  |     |   Comment #22
Primarily recommending against putting all your eggs in one basket. It's not a comment about this particular CD or CU.

I think some here may think a desirable strategy is waiting for the Holy Grail and then going all in. That's sort of a theme that often pervades these discussions. I remember a few boasting about the three or three and a quarter percent CDs they snagged in the last round of rate increases and how they managed to tie everything they had up for five or seven years. Sounded great when the rates dropped, but not so great right now. That's primarily what I had in mind. A caution against employing that strategy without understanding the risks. Yes you can EWP shop, but you will still be subject to substantial opportunity cost risk.
  |     |   Comment #25 seeing a particular stocks price fall to a low level, then going all in thinking it has reached a bottom. Four weeks later it drops another 25% and you have no more dry powder to use and underwater until..
  |     |   Comment #26
Precisely the same concept.
  |     |   Comment #28
I was here in '19. Snagged 4yr 4%at garden savings. It matured right as rates were hitting 4% again. Superb timing. When you know you know. Here comes 7% or bust, baby!
  |     |   Comment #15
Btw, max deposit is 25K. At least that's what I see when I do online account opening...I do live in OH but not really like that credit union, so still thinking...
  |     |   Comment #21
Has to be in person for IRA and larger $$$$,
  |     |   Comment #16
4-week t bills are paying 5.468 % state tax free, who needs cd's
  |     |   Comment #24
That's a massive jump from a week ago...about 2 percentage points.
  |     |   Comment #31
Too bad it's only one month.
  |     |   Comment #23
Nice....used to have a mortgage and account with them. This is surprising, as they are usually not competitive.
Telhio Credit Union (OH) 36-Month CD Is Near-Rate Leader
Deal Summary: 36-month CD, 4.59% APY, $500 minimum deposit.

Availability: Easy membership requirement in Ohio.

Following a recent increase of 52 bps, the Telhio Credit Union (Telhio) 36-month CD currently earns 4.59% APY. The minimum opening deposit is $500, with no stated balance cap.

In the past seven months, the 36-month CD has had eight rate increases, adding a total of 384 bps. The 36-month CD continues to have the most competitive rate in the Telhio CD product line.

According to CSR, the Early Withdrawal Penalty for the 36-month...

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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.

Telhio also has a 6-month CD Special earning 2.53% APY. The minimum opening deposit...

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Telhio Credit Union also has a promotion that pays a cash bonus up to $200 on new checking accounts. Please refer to DA's August 12, 2014 Forum posting for more details and links....

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5.75% 13-Month CD at an Ohio CU, plus $75 Checking Bonus (Telhio)
Telhio Credit Union is having a savings promotion with a 13-month certificate of deposit with a rate of 5.75% APY. It requires a minimum deposit of $5K of new money.

You can also get up to $75 for opening a new free checking account. A minimum deposit of $50 is required for a $50 bonus. Additional $5 is added for each of the following: applying for a debit card, applying for overdraft protection loan, signing up for home banking, signing up for eStatements and using direct deposit.

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