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Credit Union CD Rates – 3-Month – Amarillo, Texas 2020

Below are the best three month CD Rates in Amarillo, Texas, TX from hundreds of credit unions. Three month CD rates are generally the shortest term offered by credit unions and come with the lowest interest rates. You may want to consider opening a 3 month CD if the rates are comparable to a savings and money market account, you don’t need the money for the timeperiod, and you feel that savings rates will drop.

Amarillo, TX - August 10, 2020

CD National Average : 0.18% ?

Advertiser Disclosure
Credit Unions APY MIN MILES ?
1.55% $1,000 5522.98 Learn More
Bayer Heritage
Restrictions
1.00% $10,000 5434.25 Learn More
Chevron
Restrictions
1.00% $10,000 6051.51 Learn More
1.00% $10,000 5504.30 Learn More
Advancial
Restrictions
0.92% $100,000 5608.61 Learn More
0.75% $100,000 5443.27 Learn More
Fivepoint
Restrictions
0.75% $100,000 5395.87 Learn More
0.72% $10,000 5523.95 Learn More
Advancial
Restrictions
0.72% $10,000 5608.61 Learn More
0.65% $100,000 5588.12 Learn More
0.60% $100,000 5501.63 Learn More
0.60% $100 5438.32 Learn More
0.60% $10,000 5621.43 Learn More
0.55% $100,000 6057.65 Learn More
Great Plains
Restrictions
0.55% $10,000 5385.68 Learn More
Cal-com
Restrictions
0.55% $100,000 5513.52 Learn More
Eastman
Restrictions
0.55% $100,000 5497.45 Learn More
Fivepoint
Restrictions
0.55% $10,000 5395.87 Learn More
Endurance
Restrictions
0.54% $99,000 5460.11 Learn More
Members First
Restrictions
0.50% $10,000 5504.33 Learn More
0.50% $10,000 6057.65 Learn More
0.50% $10,000 5588.12 Learn More
Pantex
Restrictions
0.50% $10,000 5912.53 Learn More
Beacon
Restrictions
0.50% $10,000 5438.57 Learn More
Ohio Catholic
Restrictions
0.50% $100,000 - Learn More
Education First
Restrictions
0.50% $10,000 5407.68 Learn More
0.50% $100,000 5480.08 Learn More
0.50% $10,000 5501.63 Learn More
Eastman
Restrictions
0.50% $10,000 5497.45 Learn More
Premier America
Restrictions
0.50% $100,000 5462.18 Learn More
Endurance
Restrictions
0.45% $10,000 5460.11 Learn More
Texas Trust
Restrictions
0.45% $100,000 5617.93 Learn More
Kelly Community
Restrictions
0.40% $10,000 5522.97 Learn More
Dugood
Restrictions
0.40% $100,000 5408.09 Learn More
Ohio Catholic
Restrictions
0.40% $25,000 - Learn More
Cal-com
Restrictions
0.40% $10,000 5513.52 Learn More
Border
Restrictions
0.40% $100,000 5720.40 Learn More
Gecu
Restrictions
0.40% $100,000 6051.19 Learn More
0.40% $10,000 5480.08 Learn More
First Community
Restrictions
0.40% $100,000 5467.72 Learn More
Neighborhood
Restrictions
0.40% $2,500 5613.18 Learn More
Eecu
Restrictions
0.40% $100,000 5633.70 Learn More
Premier America
Restrictions
0.40% $10,000 5462.18 Learn More
Texoma Community
Restrictions
0.35% $10,000 5724.37 Learn More
Dugood
Restrictions
0.35% $10,000 5408.09 Learn More
Greater Texas
Restrictions
0.35% $100,000 5587.28 Learn More
0.35% $10,000 5923.49 Learn More
Secured Advantage
Restrictions
0.35% $10,000 5732.64 Learn More
Houston
Restrictions
0.35% $10,000 5465.44 Learn More
Border
Restrictions
0.35% $10,000 5720.40 Learn More
First Community
Restrictions
0.35% $10,000 5467.72 Learn More
Relyon
Restrictions
0.35% $10,000 5613.18 Learn More
Texas Trust
Restrictions
0.35% $10,000 5617.93 Learn More
Lone Star
Restrictions
0.35% $10,000 5604.69 Learn More
Union Square
Restrictions
0.35% $1,000 5721.76 Learn More
Mtcu
Restrictions
0.32% $100,000 5847.43 Learn More
Justice
Restrictions
0.30% $100,000 5460.91 Learn More
Greater Texas
Restrictions
0.30% $10,000 5587.28 Learn More
Truity
Restrictions
0.30% $100,000 5465.04 Learn More
Jsc
Restrictions
0.30% $10,000 5439.00 Learn More
0.30% $10,000 5628.80 Learn More
Gecu
Restrictions
0.30% $10,000 6051.19 Learn More
0.30% $100,000 5427.21 Learn More
Eecu
Restrictions
0.30% $10,000 5633.70 Learn More
Resource One
Restrictions
0.30% $10,000 5607.55 Learn More
Abilene Teachers
Restrictions
0.26% $100,000 5743.06 Learn More
Mobiloil
Restrictions
0.25% $10,000 5407.88 Learn More
Truity
Restrictions
0.25% $10,000 5465.04 Learn More
Las Colinas
Restrictions
0.25% $100,000 5618.97 Learn More
0.25% $10,000 5743.57 Learn More
Assemblies Of God
Restrictions
0.25% $10,000 5600.28 Learn More
Texas Health
Restrictions
0.25% $10,000 5587.72 Learn More
Velocity
Restrictions
0.25% $100,000 5586.33 Learn More
Intouch
Restrictions
0.25% $1,000 5614.00 Learn More
F A A
Restrictions
0.23% $50,000 5460.34 Learn More
Mtcu
Restrictions
0.22% $10,000 5847.43 Learn More
People's Trust
Restrictions
0.21% $100,000 5456.74 Learn More
First Abilene
Restrictions
0.20% $100,000 5742.06 Learn More
Firstlight
Restrictions
0.20% $10,000 6054.29 Learn More
Justice
Restrictions
0.20% $10,000 5460.91 Learn More
University
Restrictions
0.20% $100,000 5594.51 Learn More
Ohio Catholic
Restrictions
0.20% $500 - Learn More
F A A
Restrictions
0.20% $500 5460.34 Learn More
0.20% $10,000 5458.95 Learn More
0.20% $10,000 5617.16 Learn More
0.20% $10,000 5427.21 Learn More
Energy Capital
Restrictions
0.20% $100,000 5471.65 Learn More
0.20% $10,000 5749.97 Learn More
Postel Family
Restrictions
0.20% $10,000 5721.82 Learn More
Capitol
Restrictions
0.20% $10,000 5588.95 Learn More
United Heritage
Restrictions
0.20% $10,000 5589.21 Learn More
H E B
Restrictions
0.16% $10,000 5605.31 Learn More
First Abilene
Restrictions
0.15% $10,000 5742.06 Learn More
0.15% $10,000 5450.48 Learn More
0.15% $10,000 5443.27 Learn More
Las Colinas
Restrictions
0.15% $10,000 5618.97 Learn More
Security Service
Restrictions
0.15% $10,000 5613.96 Learn More
Unify Financial
Restrictions
0.15% $10,000 5600.29 Learn More
0.15% $10,000 5613.39 Learn More
Gulf
Restrictions
0.15% $10,000 5390.93 Learn More
Velocity
Restrictions
0.15% $10,000 5586.33 Learn More
People's Trust
Restrictions
0.13% $10,000 5456.74 Learn More
University
Restrictions
0.10% $10,000 5594.51 Learn More
4u
Restrictions
0.10% $10,000 5648.69 Learn More
0.10% $10,000 5441.63 Learn More
Abilene Teachers
Restrictions
0.06% $10,000 5743.06 Learn More
Security Service
Restrictions
0.05% $10,000 5613.96 Learn More
Texans
Restrictions
0.05% $10,000 5609.42 Learn More
All rates listed are Annual Percentage Yield (APY). The Min listed is the minimum deposit account balance required to obtain the rate listed.

BestCashCow strives to maintain the most accurate rates. If you believe a rate is not accurate, please let us know.

PRODUCT INFORMATION

Credit Union Certificates of Deposit 2020

Credit union certificates of deposit (“CDs”, also commonly called “time deposits�t at credit unions) are contract-based and time-based savings vehicles that are offered by credit unions. In return for agreeing to keep your money tied up with the credit union for a given time period, you earn a fixed rate or return that cannot change over the course of that period. Should you need your money before the expiration of the contractual period, the penalties for early withdrawal can be severe. Not all credit unions even offer early withdrawal from CDs; many that do offer it maintain the right to deny it in their fine print. It therefore is important to fully understand the terms of any time-based deposit that you enter with a credit union. Read this article for further detail on early withdrawal penalties. {hyperlink: https://www.bestcashcow.com/articles/can-you-always-withdraw-your-money-early-from-a-cd-9178}

Many Americans enjoy performing their banking transactions with credit unions, citing better rates, non-profit status (owned by its depositors), more helpful employees, and a commitment to the community that is above the level offered by local banks. You will find a map with all credit unions that are close to you here. It is important to note that some credit unions have limited fields of membership, although others are more open ended. Under any circumstance, you must meet the membership requirements in order to become a member and open a CD or time deposit.

Those who are willing to tie up their money for one year will often get a slight premium over the best available savings rates. People who work with credit unions may find that they offer better rates on CDs or time deposits than local banks and online banks. You however should check the local bank rates where you live here and the online rates here.

To understand all of the income generating options available to a saver, please view the Income Generating Investments Comparison Chart.

NCUA Insurance

Most, but not all, credit unions listed on BestCashCow are insured by the National Credit Union Administration (NCUA). You should confirm that the credit union that you are working with is NCUA-insured by visiting that institution’s BestCashCow page (NCUA coverage is detailed on the overview tab). The NCUA insures each named individual's deposits to $250,000 for all accounts at the credit union within ownership class. The rules are very similar, but not identical, to those for FDIC insurance. You should always stay within NCUA insurance limits.

BestCashCow strongly recommends that you deposit money only in NCUA insured credit unions and that you stay within insured limits. If you are considering depositing over $250,000 at a single NCUA-insured credit union across products (share certificates, time deposits, etc.) or across types of ownership (individual, joint, etc.) you should use the NCUA’s Share Insurance Toolkit in order to be sure that you are not exceeding coverage limits.

FREQUENTLY ASKED QUESTIONS ABOUT CREDIT UNIONS

Is my money any less safe at a credit union?

As long as your credit union is NCUA insured and you stay within the NCUA limits, As long as your credit union is NCUA insured and you stay within the NCUA limits, your money is no less safe than it would be in an FDIC-insured bank.

Is there any difference between a time deposit offered by a credit union and a CD account offered by a bank?

The difference is mainly one of terminology. But, you should always completely understand the terms of a time deposit or CD before you enter it, paying careful attention to the early withdrawal penalties. A reasonable early withdrawal penalty for a 1-year CD or time deposit is 3 months, and a reasonable early withdrawal penalty for a longer term CD is 6 months.

Does the small amount of interest gained on a time deposit make sense given the fact that I am losing access to my capital (liquidity)?

This is a decision that depends on your own specific circumstances, your needs for cash, and other investments that you may wish to pursue over the period of your time deposit or CD. The premium in a one-year CD is very small, with the premium of longer-term CDs being a little wider. A small difference in compounding interest can make a large difference over long period of time. You may wish to familiarize yourself with our Savings Booster Calculator  {insert hyperlink} in order to understand the importance of compounding interest at higher rates on your money over time.

SAVINGS & CD CALCULATOR

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