Austin Telco Federal Union offers fairly competitive rates for their certificate shares. For a minimum deposit of $1000, you may enjoy the accumulated yield of 3.24% at the end of the 24-month CD term. Higher rates are offered for longer CD terms for the same minimum deposit: 3.49% for 36 months; 3.60% for 48 months; and 3.80% for 60 months. They’re among the highest CD rates quoted this year for this deposit bracket.

The higher bracket of deposits shows a significant but not dramatic raise in APY. For a minimum deposit of $95,000, Austin Telco Federal Union lets its Jumbo certificate shareholder enjoy 3.19% APY after 12 months; 3.39% APY after 24 months; 3.60% APY after 36 months; 3.80% APY after 48 months; and 3.91% after 60 months. These might not be the top CD rates for a deposit of this size, but they still prove to be competitive rates considering the economic climate of 2009. The full details of their APY rates are listed on the bank’s rate table.

In other words, if you’re a big depositor, you can beat the inflation with a 3.19% accumulated interest from your CD funds. That’s 0.11% higher than the quoted APY you’ll enjoy in the same CD term should you choose to deposit $1,000 to $94,999. It may look like a small sum on paper, but it’s a big sum if you’re playing with a five-digit-investment in the short span of 12 months.

You need to be a member of the Austin Telco Federal Union to purchase a certificate share. Membership to the federal union is open to all students, employees, residents, and worshippers of Austin’s Metropolitan Area. To become a member, you need to open a savings account with a $25 initial deposit. Austin Telco is known to pull a hard credit upon membership.

The main branches of the federal union are located at the Central Texas cities of Austin, Bastrop, Round Rock, and Cedar Park. Telco Austin Federal Union is federally insured by the NCUA under Charter # 458.