The best 30 month CD rates we found this week came out of a relatively small credit union in the El Paso, Texas region.
Unfortunately, like most member-owned, community credit unions, this one is nearly impossible to join if you live outside of Texas and don’t have family members whom are currently members.
If you are fortunate enough to be eligible to join this organization you will be able to snag a 30 month CD yielding 2.68% APY with a minimum deposit of just $500.
To put this offer in perspective the current national average for 12 month CD’s sits at roughly 1.17% APY and the current national average for 36 month CD’s sits at just 1.98% APY.
CD Rates offered through El Pase Area Teachers Federal Credit Union:
12 months 1.76% APY
18 months 2.17% APY
30 months 2.68% APY
60 months 3.50% APY
Membership Requirements:Individuals who live or work in El Paso, Texas can join this credit union. You will be required to put in a minimum of $25 into a savings account when you sign up. Take a look at their membership details to learn more about the entire membership process.
Unique Approach to Online Banking: TFCU’s website interface gives you two options from the get go – you can either go corporate or go hippie! The corporate website is a no-nonsense interface with professional images and straight foward navigation. The hippie side is completely different – with a psychedelic feel and look it almost makes online banking fun!
El Paso area Teachers Federal Credit Union is a modestly sized institution by both members and total assets. They were founded in 1936 and are just barely in the top 30 credit unions in the state of Texas (at the number 29 spot). As of 2012 they control roughly $415 million in consumer deposits and nearly $265 million in loans.
They have an A+ rating on BBB (Better Business Bureau) with just 2 complaints – both of which have been closed. The complaint details aren’t precise but are said to revolve around the problems with their products or service.
If you have experience with TFCU, feel free to share by leaving a comment!