|Bank or Credit Union||Apy||Min||Max||Product|
|Navy Army Community Credit Union||2.00%||$1k||-||2 Year IRA Term Share|
|Navy Army Community Credit Union||1.85%||$100k||-||2 Year Term Share Account|
|Navy Army Community Credit Union||1.60%||$1k||-||1 Year IRA Term Share|
|Navy Army Community Credit Union||1.45%||$100k||-||1 Year Term Share Account|
|Navy Army Community Credit Union||1.20%||$100k||-||9 Month Term Share Account|
|Navy Army Community Credit Union||1.15%||$100k||-||6 Month Term Share Account|
|Navy Army Community Credit Union||1.05%||$100k||-||3 Month Term Share Account|
Top CD and Reward Checking Rates Continue at Navy Army FCU in SE Texas - Local Only
Navy Army Federal Credit Union continues to list competitive certificate rates, money market rates and reward checking rates. The CD rates have held since my June post. The best CD rate is a 2.40% 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 the morning of 8/20/10:
Term APY $1K Min APY $100K Min
3 month 1.50% 1.55% 6 month 1.60% 1.65% 9 month 1.65% 1.70% 12 month 2.00% 2.10% 24 month 2.25% 2.40%
The IRA CD rates are even better: 2.25% APY for 1 year and 2.70% APY for 2 years ($100K minimum, 0.10% less for $1K minimum). These IRA CD rates are listed in the credit union's IRA rates page as of 8/20/2010.
Like the CD rates, the money market rates have also held since June. The top money market account rate is 1.65% APY for a $50K minimum balance as of 8/20/2010. Other rate tiers include 1.35% APY $25K-$50K and 1.25% APY $2K-$25K. One downside is that withdrawals have a minimum of $500.
This credit union has just about everything a saver could want including a reward checking account with a top rate of 4.51% APY for balances up to $25,000 as of 8/20/2010 (see review).
From the name of the credit union, it might seem that you may need a military connection to join. But that is not the case. The credit union has a "community" field of membership which 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. This is listed in the credit union's eligibility guidelines.
If you qualify for membership, you can now apply online. Unfortunately, they don't waive their $15 membership fee for applying online. You'll also need at least $25 for the savings account which must be maintained to remain a member.
Branches are located in the Southeast Texas cities of Corpus Christi, Kingsville, Beeville, Portland and Rockport.
NavyArmy FCU's ratings for safety and soundness continue to be above average: 4 stars (excellent) at BauerFinancial, 4 stars (sound) at Bankrate.com and an overall health score of 4 out of 5 at DepositAccounts.com (see our financial overview for NavyArmy FCU). These ratings are based on March 2010 data. The credit union is federally insured by the NCUA (Charter # 9998).