Mobiloil Credit Union’s in East Texas is offering competitive CD rates. These top CD rates are attractive in their own right, but the most eye-catching is probably the 5-year CD. This can earn as much as 3.30% APY and is quite the dealmaker with only $1,000 minimum deposit. If you have that much spare funds, this account is a money in the bank deal.

The shorter termed CDs in the same batch are also quite interesting, although their rates aren’t as impressive. According to the bank’s rate table, the 4 year CD fetches 2.78% while the 3 year CD earns as much as 2.32% APY. These aren’t bad deals, considering that they also have low minimum deposit requirements. You also need to deposit only $1000 to open these accounts.

Since it’s a credit union, it’s normal for anyone to think these certificate of deposit rates are only for Mobiloil employees. Apparently, the CDs are being offered to a wider scope of applicants. You are eligible to open an account if you are working, living, or worshiping in Orange, Jasper, Jefferson, Hardin, or Newton, Texas. This is largely because Mobiloil Credit Union is now has charters for the community.
Just make sure that you check their rate table frequently. The highest CD rates are always notorious for rising and falling without any warnings. Just last week, these rates were 0.10% higher. The rates have dropped, but fortunately, they’re still competitive among peers.

You have to visit a branch before you can open an account. Make sure that you bring a photo ID and a social security ID, as well as documents proving that you are eligible for the account. Branches of the credit union are located in East Texas, particularly in Jasper, Beaumont, and Nederland.
The credit union’s health ratings are also pretty strong. They earned five out of five stars from BauerFinancial.com and three stars from Bankrate.com. The bank is also insured under Charter #491 by the NCUA.