Austin Telco Federal Credit Union (FCU) CD Rates
Austin Telco Federal Credit Union offers a wide range of services and products that include; equity loans, high-quality services, credit cards, personal loans, and other enhancements.
The only and main objective of the union is to simply aware the consumers with the required data set of authorizations.
Austin Telco FCU serve its customers throughout various locations in the state of Texas. Not only do they offer a variety of CD certificates, but they also have standard checking and savings accounts for individuals and businesses. Some of them have minimum deposits that are considered better than other institutions (and don’t contain any hidden charges or fees).
Austin Telco Federal Credit Union CD Offers
Austin Telco FCU has plenty of different CD certificates that are available to both individuals and businesses. Each of them comes with a time frame for maturity and their competitive rates to match. You can choose a CD rate or choose between a Jumbo or a Super Jumbo certificate. The most feasible offers to go with Austin Telco Federal Credit Union are;
CD Offers
Features
- For a 60-month CD, the minimum deposit will be $1000 and will have an APY of 0.90 percent. That isn’t bad for a typical individual CD, although the deposit maybe a little too high for some.
- You can also add money to a short term CD ranging anywhere from 3 to 12 months.
- CDs for 24 and 36 months are available. Take a look:
$1,000 to $94,999
| Term | Dividend Rate | APY |
| 6 mo. | 3.50 % | 3.55 % |
| 12 mo. | 4.40 % | 4.47 % |
| 18 mo. | 4.25 % | 4.32 % |
| 24 mo. | 3.85 % | 3.91 % |
| 36 mo. | 3.65 % | 3.70 % |
| 48 mo. | 3.60 % | 3.65 % |
| 60 mo. | 3.50 % | 3.55 % |
Jumbo Certificates ($95,000 – $224,999)
Features
| Term (Months) | Dividend Rate | Annual Percentage Yield |
| 6 | 3.60% | 3.65% |
| 12 | 4.50% | 4.58% |
| 18 | 4.35% | 4.42% |
| 24 | 3.95% | 4.01% |
| 36 | 3.75% | 3.80% |
| 48 | 3.70% | 3.75% |
| 60 | 3.60% | 3.65% |
Key Considerations
- Available for deposits ranging from $95,000 to $224,999.
- The dividend rates and annual percentage yields are competitive, offering attractive returns for Jumbo Certificate holders.
Pros & Cons
| Pros | Cons |
| Attractive dividend rates | Deposit essentials may vary to change |
| Ideal for individuals who want extra deposit concentration | Accessibility concentrations applied |
Super Jumbo Certificates ($225,000 and Above)
Features
| Term (Months) | Dividend Rate | Annual Percentage Yield | |
| 6 | 3.70% | 3.75% | |
| 12 | 4.60% | 4.68% | |
| 18 | 4.45% | 4.52% | |
| 24 | 4.05% | 4.11% | |
| 36 | 3.85% | 3.91% | |
| 48 | 3.80% | 3.85% | |
| 60 | 3.70% | 3.75% | |
Key Considerations
- Various term options from 6 months to 60 months provide flexibility for members with larger deposits to align with their investment goals.
Pros & Cons
| Pros | Cons |
| High-edge authentication | High Minimum Deposit Requirement |
| Competitive Dividend Rates | Limited Accessibility for Some Members |
True Youth Share Certificates ($25 – $5,000)
Key Features
| Term | Dividend Rate | Annual Percentage Yield |
| 12 months | 4.60% | 4.60% |
Key Considerations
- Dividends are paid monthly to the Member Savings Account, fostering a savings habit and providing a consistent return.
| Pros | Cons |
| Low Minimum Deposit ($25) | Only for Youth Members |
| Encourages Early Savings Habits | Smaller Deposits |
| No Monthly Fees |
Are Austin Telco Federal Credit Union CD Rates Competitive?
Austin Telco Federal Credit Union CD rates are competitive. The credit union offers a range of Certificate of Deposit (CD) options with competitive dividend rates and annual percentage yields. These rates are comparable to or better than those offered by many other financial institutions, making Austin Telco FCU a competitive choice for individuals looking to invest in CDs.
The “higher” level the CD is, the more you’ll need to deposit in terms of a minimum. Likewise, the APY rate will also be higher compared to other CD lengths. It’s easy to open up a CD and add more money to it until it matures. Plus, you get no monthly service fees deducted from your account.
Plus, you can receive money through wire transfers for a fee. Depending on the type of CD, you’ll also get plenty of other added features such as overdraft protection, online banking bill pay, and more.
How do Austin Telco Federal Credit Union CD Rates compare?
When comparing Austin Telco Federal Credit Union CD rates to those of other institutions, it’s essential to consider factors such as the deposit amount, term length, and individual financial goals. Generally, Austin Telco FCU provides competitive rates, and potential investors are encouraged to review and compare specific terms to determine the best fit for their needs.
Austin Telco Federal Credit Union Overview
Austin Telco Federal Credit Union is headquartered in Austin, Texas. With over 88,000 members throughout the capital area of Texas, Austin Telco FCU is one of the smaller regional banks in the country.
While there is no large coverage area, it tends to enjoy high ratings across three different categories. They receive A+ ratings for Texas Ratio, Capitalization, and Deposit Growth. However, for the Texas Ratio Trend, the institution has received a C+.
Regardless, they continue to serve a small area of the great state of Texas for the services made available including CDs. They have competitive APY rates that will make CDs a lot more appealing to customers. You will be part of a close-knit community of over 88,000 members and will be able to access the money in your account nationwide thanks to Shared Branching.
Austin Telco FCU is proud to serve its customers throughout various locations in the state of Texas. Not only do they offer a variety of CD certificates, but they also have standard checking and savings accounts for individuals and businesses. Some of them have minimum deposits that are considered better than other institutions (and don’t contain any hidden charges or fees).
Locations Austin Telco Federal Credit Union
Austin, Bastrop, Buda, Cedar Park, Georgetown, Lakeway, Leander, Lockhart, Pflugerville, Round Rock, San Marcos, Taylor.
Availability
Austin Teleco Federal Credit Union has 24 branches across 12 communities in the Austin, Texas area. If you are a resident of the area and live near one of the branches, you can become a customer with us today so you can take advantage of our services whenever they are convenient for you.
FAQs
Credit unions are member-owned, not-for-profit institutions. Whereas, Banks are for-profit entities owned by shareholders.
Yes, Austin Telco Federal Credit Union is a non-profit financial cooperative.
Consumers may rely on Austin Telco FCU for personalized service, community focus, and competitive financial products.
Lower interest rates on loans and higher rates on savings can attract members, impacting the prevalence of credit unions.
A higher Annual Percentage Yield (APY) can attract members and contribute to the overall success and competitiveness of a credit union.