If you’re looking for a competitive tiered CD plan and you happen to live in Texas, you should look into the Security Service Federal Credit Union lineup of money in the bank deals. The top tier is competitive with yields of up to 2.00% APY for deposits of $100,000 and up. The lower tiers also have some of the best CD rates in the market:

• 1.95% APY for deposits between $50,000 and $100,000
• 1.90% APY for deposits between $25,000 and $50,000
• 1.85% APY for deposits between $500 and $25,000

The CD rates might change within the week, though. There was no promotion period mentioned by the credit union. For your assurance, you should check out the credit union’s rates page.

The credit union also has two other CD promotions, but they’re not really included among the top CD rates in the market today. Other banks outside of Texas could offer better Certificate of Deposit rates, considering the period these CDs cover. The top tier of the 24-month CD included in this promo yields a mere 2.04% APY, while the yield for the 36-month CD is only 2.55% APY.

The other sad news is that these special CDs are only offered to residents of select counties in Texas. If you are a member of one of the credit union’s sponsor groups, you may also be eligible for this special CD. The credit union’s membership page contains a list of all eligible counties and sponsor groups. You should prepare $5 if you’re interested in becoming a member.

For those who don’t know, the branches of the Security Service FCU are scattered throughout Texas, including the cities of McAllen, Corpus Christi, Brownsville and San Antonio. Colorado cities which have branches of the FCU include Aurora, Pueblo, Fountain, Colorado Springs, and Denver.

If you’re eligible for the CD and you have enough funds, you would want to take advantage of the credit union’s above average standing. For safety and stability, the FCU got a 4-star rating from BauerFinancial (excellent) and a 3-star rating from Bankrate.com (performing). The union has about $5.2 million worth of assets, and is federally insured by NCUA under NCUA Charter #11065.