Randolph Brooks Federal Credit Union offers a competitive certificate of deposit rate for their long term CD. The credit union has the following top cd rates :

for balances of $1,000 to $4,999

3 years      1.97% APY
4 years      2.17% APY
5 years      2.68% APY
6 years      2.99% APY
7 years      3.30% APY

For balances of $5,000 to $19,999
3 years       2.00% APY
4 years       2.20% APY
5 years       2.70% APY
6 years       3.00% APY
7 years       3.30% APY

for balances of $20,000 to $74,999
3 years        2.07% APY
4 years        2.27% APY
5 years        2.78% APY
6 years        3.09% APY
7 years        3.40% APY

In case you decide to take some money out of your high interest rate CD account, you will have to pay for the penalty depending on the term of your CD: for 3 years term - 180 days of interest; 4 years term - 240 days interest; 5 years term - 300 days interest; 6 years term – 360 days interest; finally, 7 years term – 420 days interest.

You need to deposit a minimum of $1,000 to open a certificate of deposit account. Take note that the interest rate listed above is subject to change without notice, so always check for the latest numbers with your credit union.

Individuals who wants to become a member of Randolph Brooks Federal Credit Union must work, live or worship in the counties of Seguin, San Marcos, San Antonio, Northeast Metrocom, New Braunfels, Lockhart & Caldwell, Kerrville, Gonzales, Floresvill & Wilson, Cedar Park & Leander, Bulverde, Buda, Boerne, and Austin in the state of Texas. You just need to complete the application through the credit union’s website to join. For questions or concerns regarding membership and current CD rates you may call customer service thru 800-580-3300.

Randolph Brooks Federal Credit Union was established in 1952. They are considered as one of the largest credit union in the state of Texas with over $4 billion in declared assets. They are also insured by the National Credit Union Association with charter number 8111.