The top cd rates being offered by Qualtrust Credit Union remain to be very attractive despite the recent drops in the market. Their highest interest rate is for their 5-year money in the bank deal through share certificate earning 3.56% APY. Another competitive CD has current interest rates of 3.30% APY.

Members can open a certificate of deposit account with a minimum funding of $1,000. The credit union also offers attractive short-term certificates of deposit:

12 months 1.66% APY
18 months 1.76% APY
2 years 2.27% APY
30 months 2.52% APY
3 years 2.78% APY
4 years 3.30% APY
5 years 3.56% APY

These CD interest rates are effective as of November 18. According to the disclosure, the dividend rates that you can find on the rates table will be in effect until maturity of the CD. The earnings of your deposit are compounded and credited to your account on a monthly basis. Earnings can be taken out as check or you can instruct the credit union to transfer it to your other Qualtrust account.

The APYs are pegged assuming there will be no withdrawals from the account. Any withdrawal may reduce your earnings. Early withdrawal penalty for CDs with terms of 1 year or less is 90 days of earnings. Any CD with longer terms has 180 days of dividends as penalty. The credit union gives account holders 7 days of grace period when the CD reaches its maturity. The CD will automatically renew upon maturity.

Membership to Qualtrust CU is open for those who live, work, or worship within a 10-mile radius of their offices in Tom Green County, Grapevine, or Irving. The credit union requires a $5 deposit into a share savings account. If you have any inquiries about membership or their products, you can contact Qualtrust through 800-330-3540.

The credit union has excellent financial ratings. Bankrate.com issued 4 stars for their performance while BauerFinancial gave 5 stars for soundness and safety. These figures were based on their June 2009 financial data. The credit union is covered by the NCUA through charter number 68569.