Yes, you heard that right. Patelco Credit Union is offering a 5% APY 12-Month CD to new members. The catch? There is a $1,000 maximum, and a $1,000 minimum. So, you can earn $50 bucks in a year with the investment. Buy hey, that’s better than the $20 you’d get from most other banks or credit unions.
According to BestCashCow, Patelco has a Texas Ratio of 25.17% versus a national average of 11.64% The lower the ratio the better but it’s still far from 100% where a bank’s soundness can be impaired.
Patelco is pretty open for a credit union. If you want to open an account there is a pretty good change you can find a way to quality.
Filed under: Bank Deals Tagged: | cd rates, credit union, patelco
