The People’s Trust Federal Credit Union offers attractive CD rates for their 12-month term ranging from 2.04% APY requiring $1,000 of deposit to 2.12% APY that needs at least $100K of funding. The current cd rates are also available on the same tiered structure as 18-, 24-, and 36-month CDs but they are not as competitive considering the mid to long term maturity period. These interest rates are also available for IRAs.

The credit union also offers their top cd rate for the 5-5-5 certificate of deposit special. This promo gives 5.00% APY on a 5-month term CD that requires $500 to open. One down side though is that it has a ceiling of $5,000. Additional deposits can be done on increments of $5. The union limits the 5-5-5 special CD to one per member.

If you are convinced to join the credit union, it will be wise to have both of the above deals as your savings. You can take advantage of the low opening and high cd interest rate of the 5-5-5 promo and you can build on the earnings of the 12-month certificate.

You can enlist with the People’s Trust Foundation which accepts anyone so you can qualify for the membership of the People’s Trust FCU. The foundation collects a membership fee of $5. You can also qualify if you work or reside in Houston. There are also select employee groups like Shell that can help you join the credit union. You can visit their website for the complete details with regard to signing up.

You can also send in an application via mail if you are not living or working near a branch. Sending it by post will require you to have a notarized copy of the application.

The headquarters of the credit union is in Houston Texas.

People’s Trust gets a mixed rating. Bankrate.com gives a low 2 stars while BauerFinancial issues 4 stars.

The credit union is covered by the NCUA through charter number 177.