ABNB Federal Credit Union Offers 3.20% APY On 60-Month CD

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Deal Summary: 60-month Certificate, 3.20% APY ($100k minimum) and 3.10% APY ($1k minimum).

Availability: Residents of Greater Hampton Roads (VA) area and northeast North Carolina.

Although ABNB Federal Credit Union (ABNB) lowered the tiered rates on its 60-month Certificate last month, those rates are still extremely competitive: 3.20% APY ($100k minimum) and 3.10% APY ($1k minimum).

APYMINMAXINSTITUTIONPRODUCTDETAILS
2.45*%$100k-ABNB Federal Credit Union60 Month Certificate
OTHER TIERS: 2.40% $1k - $100k
Rates as of November 20, 2019.

The 60-month Certificate is also available as an IRA (Traditional, Roth, CESA), with tiered APYs 5 bps higher than the Certificate.

APYMINMAXINSTITUTIONPRODUCTDETAILS
2.50*%$100k-ABNB Federal Credit Union60 Month IRA (Traditional, Roth, CESA)
OTHER TIERS: 2.45% $1k - $100k
Rates as of November 20, 2019.

As stated in the Truth-In-Savings disclosure, the Early Withdrawal Penalty reads as follows:

For Certificates and IRA Certificates, the amount of the early withdrawal penalty on your account is 15 days dividends on the amount withdrawn for each month of the original term of the certificate.

When establishing a new certificate, you may elect to have your dividends compounded (placed back into the certificate) or deposited to your account. If you elect dividends to be deposited to your account, you may withdraw these dividends after they are posted to your account.

There is a ten-day grace period before the Certificate automatically renews.

Availability

Headquartered in Chesapeake, Virginia, ABNB Federal Credit Union’s field of membership (FOM) is residency based, with U.S. residents who live, work, or worship in the Greater Hampton Roads (VA) area or in northeast North Carolina eligible to join.

Joining ABNB and/or opening a Certificate can be done online, by phone (800.443.1141), or at any of 19 Virginia branches, located in Chesapeake (4), Norfolk, (3), Portsmouth, Suffolk (2), Virginia Beach (8), and Yorktown. ABNB also has two full-service North Carolina branches in Elizabeth City and Myock.

Opening a Prime Share Savings account with a minimum $1 deposit establishes membership in ABNB but,

Members who have only one service (share/savings account) and whose
average monthly balance is less than $500 will be assessed a fee of $5.00 each month.

ABNB participates in the CO-OP Shared Branch Network, giving its members access to more than 5,000 branches and nearly 30,000 ATMs throughout the country.

Credit Union Overview

ABNB Federal Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 3.72% (excellent) based on March 31, 2019 data. In the past year, ABNB has increased its total non-brokered deposits by $21.01 million, an excellent annual growth rate of 4.13%. Please refer to our financial overview of ABNB Federal Credit Union (NCUA Charter # 13605) for more details.

Founded in 1960 as ComFive Federal Credit Union, ABNB Federal Credit Union is currently the 18th largest credit union in Virginia, with nearly 60,000 members and assets in excess of $592 million. “ABNB” is an acronym for Amphibious Base Naval Base, which was derived from the 1996 merger of Amphibious Base Federal Credit Union and Naval Base Norfolk Federal Credit Union. With its 60th anniversary approaching, ABNB has recently opened the Yorktown branch, its first branch on the Virginia Peninsula.

The branch will be the first of its kind for ABNB and serves as a working model for the credit union’s new “Total Financial Center” branch concept. Beyond traditional transactions-based products and services, ABNB will also spotlight Business Services, Investment Services, Indirect Auto Lending, Home Loan Services and Insurance Services, all under one roof.

How the Certificate Compares

When compared to the similar length-of-term CDs tracked by DepositAccounts.com that are available within the FOM and require a large minimum deposit, ABNB Federal Credit Union’s 60-month Certificate APY currently ranks second.

When compared to 200 similar length-of-term CDs tracked by DepositAccounts.com that are available within the FOM and require a minimum deposit of $10k or less, ABNB Federal Credit Union’s 60-month Certificate APY currently ranks first.

The above rates are accurate as of 8/24/2019.

To look for the best CD rates, both nationwide and state specific, please refer to our CD Rates Table page.

Related Pages: Norfolk CD rates, 5-year CD rates, IRA CD rates

Comments
CD Specials with Top Rates at ABNB FCU in Virginia

I’m seeing a few more CD specials with competitive rates. A recent one is the CD specials at ABNB Federal Credit Union in Virginia. It’s offering five CD specials. The three best deals are the 2.60% APY 63-month CD, the 1.60% APY 39-month CD and the 1.10% APY 15-month CD. These require a minimum deposit of $100,000. For a $20,000 minimum deposit, the rates drop by 5 basis points for the 63-month and 39-month CD. The rate is 10 basis points lower for the 15-month CD special. The rates...

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6.00% 15-Month CD at a Virginia CU (ABNB)
ABNB Federal Credit Union is having a certificate certificate special with a 6.00% APY 15-month CD. The minimum deposit is $1,000. To qualify for this rate, you must open a new checking account with direct deposit of $500 or more each month. The CD is available as a regular or IRA CD.

The field of membership includes those who live, work, worship or attend school in several counties of Southeastern Virgina.

The credit union is NCUA insured. It has $355 million in assets and 49K members.



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