Dedicated to Deposits: Deals, Data, and Discussion

2.55% 24-Month CD & 2.10% 12-Month CD at Navy Army FCU in Texas - Local Only

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Navy Army Federal Credit Union continues to list competitive certificate rates for terms of 2 years and under. The top rate is a 2.70% APY for a 2-year term. Below is the full list of CD rates as shown on the credit union's rates page as of 12/16/09:

Term APY $1K Min APY $100K Min
3 month 1.60% 1.70%
6 month 1.90% 1.95%
9 month 1.95% 2.00%
12 month 2.10% 2.20%
24 month 2.55% 2.70%

The credit union also offers a competitive reward checking account with a 4.51% APY for balances up to $25,000 as of 12/16/09 (see post).

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.

Navy Army FCU's ratings for safety and soundness are strong: 4 stars (sound) at Bankrate.com (based on 6/30/09 data) and 4 stars (excellent) at BauerFinancial (based on 9/30/09 data). The credit union is federally insured by the NCUA (Charter # 9998).

Other Competitive Certificate of Deposit Rates
  Tags: CD rates, IRA rates, Texas

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