Dedicated to Deposits: Deals, Data, and Discussion

2.70% 9-Month CD & 3.15% 24-Month CD at NavyArmy FCU in Texas


NavyArmy Federal Credit Union is listing some competitive certificate rates. These include a 2.35% APY for 3 months, 2.60% APY for 6 months, 2.70% APY for 9 months, 2.95% APY for 12 months and 3.15% APY for 24 months. Minimum deposit is $1,000. The rates for Jumbo CDs with a $100,000 minimum deposit are up to 15 basis points higher. Higher IRA certificates are also available for the 1 and 2 year terms. These rates are listed in the bank's rate table as of 3/12/09.

Membership is open to those who live, work, worship or attend school in one of the following Texas counties: Aransas, Bee, Jim Wells, Kleberg, Nueces and San Patricio. Refer to the credit union's Who-Can-Join page for more details. Membership requires a $15 membership fee and a minimum deposit of $25 in the savings account. Most credit unions don't have a membership fee so this may be something you can negotiate. The credit union does have a history of competitive CD rates so the upfront cost may still be worth it.

Branches are located in the Texas cities of Corpus Christi, Kingsville, Beeville, Portland and Rockport.

NavyArmy FCU has some decent ratings for safety and soundness: 3 stars (performing) at and 5 stars (superior) at BauerFinancial. Both ratings are based on 9/30/08 financial data. The credit union is federally insured by the NCUA (Charter # 9998).

  Tags: CD rates, IRA rates, Texas

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