Advancial 4-Year and 5-Year Jumbo Certificates Are Rate Leaders

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Deal Summary: Jumbo Certificates – 5-year (5.40% APY) and 4-year (5.20% APY), $50k minimum deposit.

Availability: Possible easy membership requirement (see “Availability” section below); residents of greater Charlotte area, North Carolina and the Louisiana parishes of Acadia, Avoyelles, Evangeline, Iberia, Lafayette, St. Landry, St. Martin, and Vermillion; employees of many SEGs.

It’s been a year since my last Advancial blog post. While the 4-year and 5-year Jumbo Certificate APYs increased by more than 100 bps since early October 2022, Advancial’s somewhat narrow field of membership (at the time) limited interest in the Certificates. The current easy membership requirement (see “Availability” section below) has significantly increased the intrinsic value of the Advancial 4-year and 5-year Jumbo Certificate APYs.

Advancial Certificates feature tiered APYs based on minimum opening deposits: Certificates ($1k min), Junior Jumbo Certificates ($25k min), and Jumbo Certificates ($50k min). The corresponding APYs are tiered in increments of 10-11 bps.

NB: Advancial often updates its Certificate rates at the beginning of each month. So it is possible rates may soon fall, especially if there is strong nationwide demand for the long-term Certificates.

APYMINMAXINSTITUTIONPRODUCTDETAILS
4.68%$50k-Advancial5 Year Jumbo Certificate
4.57%$25k$50kAdvancial5 Year Junior Jumbo Certificate
4.47%$1k$25kAdvancial5 Year Certificate
4.41%$50k-Advancial4 Year Jumbo Certificate
4.30%$25k$50kAdvancial4 Year Junior Jumbo Certificate
4.20%$1k$25kAdvancial4 Year Certificate
Rates as of May 29, 2024.

Advancial Certificates are also offered as IRA CDs (Traditional, Roth, CESA), earning the same tiered APYs with the same deposit requirements.

APYMINMAXINSTITUTIONPRODUCTDETAILS
4.68%$50k-Advancial5 Year Jumbo IRA (Traditional, Roth, CESA)
4.57%$25k$50kAdvancial5 Year Junior Jumbo IRA (Traditional, Roth, CESA)
4.47%$1k$25kAdvancial5 Year IRA (Traditional, Roth, CESA)
4.41%$50k-Advancial4 Year Jumbo IRA (Traditional, Roth, CESA)
4.30%$25k$50kAdvancial4 Year Junior Jumbo IRA (Traditional, Roth, CESA)
4.20%$1k$25kAdvancial4 Year IRA (Traditional, Roth, CESA)
Rates as of May 29, 2024.

Early Withdrawal Penalty

The Truth-in-Savings (TIS) disclosure for Certificates is not available on the Advancial website, but CSR sent me a copy. As stated in the TIS, the Early Withdrawal Penalty reads as follows:

For Four and Five-Year Savings Certificates, the penalty will be equal to 365 days dividends when any amount of the principal is withdrawn. In addition, you will not receive any portion of the accrued dividends for the dividend period in which you make an early withdrawal from any Savings Certificate.

If the dividends in the Savings Certificate at the time of withdrawal are insufficient to pay the entire penalty assessed, the penalty will be assessed against principal.

Availability

Headquartered in Dallas, Texas, Advancial’s field of membership (FOM) has changed a few times in the past four years. The FOM has alternated between an “easy membership requirement” (EMR) and a limited membership determined by residency or SEG relationship.

Thanks to a very detailed Forum post about opening an Advancial Certificate and a CD Deals Summary comment by DA reader, Steve58, it appears Advancial is back in EMR mode.

1. I started a week ago by joining the US Dog Agility Association, and as part of the sign up process I selected this as my affiliation "United States Dog Agility Association, Inc. (TX0000)" - note only Texas organization. No cost and took minutes to do.

2. I then went onto the Advancial web site and applied for a joint savings account only. Type in "dog" when asking for membership affiliation and US Dog Agility Association will show up in the pull down.

In a Live Chat yesterday, I asked if any U.S citizen, regardless of where they live, was eligible for Advancial membership by joining the US Dog Agility Association (USDAA). CSR confirmed this EMR option in a slightly awkward but humorous reply.

You are welcome to live anywhere just as long as you are a part of the US Dog Agility Association.

That being said, based on Advancial’s history of changing the FOM multiple times, I’m not sure joining USDAA will always be a path to Advancial membership. In the past, Advancial CSRs stated that one must be an employee, not merely a member, of USDAA to join. Other times in the past, Advancial CSRs stated that USDAA membership could qualify if you’re joining Advancial to apply for a loan, but not a CD or savings product. If you’re not interested in opening an Advancial Certificate at the moment, joining Advancial now through USDAA is a great way to have a membership in place for any future hot Certificate deals.

The other ways to join Advancial include,

Select Employee Groups: Employees/members of hundreds of SEGs qualify for membership. Advancial does not list any of the SEGs on its website, but the Online Membership Application does include a search field “to find your employer or association.” Most of the SEGs are companies related to the oil and gas industries and the health industry in the Dallas area. (If you type “oil” or “gas” in the search field of the online membership application, several companies do pop up.)

Residency: Individuals who live, work, worship, or attend school in the Louisiana parishes of Acadia, Avoyelles, Evangeline, Iberia, Lafayette, St. Landry, St. Martin, or Vermillion are eligible to join. The newest addition to the residency list is the greater Charlotte, North Carolina area.

Family Relationship: Immediate family members and household members of individuals who qualify for membership through an SEG also qualify for membership. Immediate family is defined as spouse, significant other, parent, grandparent, brother, sister, grandchild, stepparent, stepchild, stepsibling, and adoptive relationships.

If you think you might qualify, the Membership Eligibility page states,

Still not sure if you qualify for an Advancial membership? Give us a call at
800.322.2709, and we will be happy to discuss an Advancial membership with you!

Account Opening

Joining Advancial and/or opening a Jumbo Certificate can be done online. The Membership Application is also available as a download and can be returned by mail. Advancial has ten full-service branch locations in Alaska (1), Louisiana (2), Oklahoma (1), and Texas (7 in the Dallas area and 2 in the Houston area).

Opening a savings account with a minimum deposit of just $5 establishes an Advancial membership.

Advancial participates in both the CO-OP Shared Branch and ATM networks, giving members access to more than 5,000 branches and nearly 30,000 surcharge-free ATMs nationwide.

Funding and Other Details

The following information is from a Live Chat with CSR.

  • Funding* – ACH, wire, shared branch transaction, or internal transfer.
  • CO-OP Shared Branch Participant – Yes.
  • Ownership – Individual or joint.
  • Dividends – Compounded/credited monthly and can be paid out by check or transferred into an Advancial checking or savings account.
  • Maturing Funds – Cashier’s check to address on file or transferred into an Advancial checking or savings account.
  • Grace Period – 10 calendar days before automatic renewal.
  • Beneficiaries – Unlimited, with equal shares; Social Security numbers are preferred but not required.
  • Credit check – ChexSystems.

*CSR suggested the easiest (and quickest) way to fund a Certificate is through a transfer from an existing Advancial checking or savings account.

Credit Union Overview

Advancial has an overall health grade of "B" at DepositAccounts.com, with a Texas Ratio of 8.55% (excellent) based on June 30, 2023 data. In the past year, Advancial’s total non-brokered deposits decreased by $231.32 million, a poor annual growth rate of -12.22%. Please refer to our financial overview of Advancial (NCUA Charter # 2285) for more details.

Chartered in 1937 as the Atlantic Federal Credit Union, Advancial is currently the 16th largest credit union based in Texas, with more than 119,000 members and assets in excess of $2.3 billion. The original charter was issued by the Farm Credit Administration, an independent agency of the Executive Branch that was created in 1933. (If you’re wondering why a Texas-based credit union had “Atlantic” in its name, the original FOM included employees of the Atlantic Richland Company, better known as ARCO.) In 2001, the Credit Union rebranded as Advancial to better reflect its diverse membership.

How the 5-year Jumbo Certificate Compares

When compared to similar length-of-term CDs tracked by DepositAccounts.com that are available within the FOM and have minimum deposit requirements of $50k or less, no banks or credit unions have higher rates than currently offered on the Advancial 5-year Jumbo Certificate, regardless of minimum deposit requirements. The following table compare the Advancial 5-year Jumbo Certificate to the two highest-rate CDs from other credit unions and the two highest-rate CDs from banks.

How the 4-year Jumbo Certificate Compares

When compared to similar length-of-term CDs tracked by DepositAccounts.com that are available within the FOM and have minimum deposit requirements of $50k or less, no banks or credit unions have higher rates than currently offered on the Advancial 4-year Jumbo Certificate, regardless of minimum deposit requirements. The following table compare the Advancial 4-year Jumbo Certificate to the two highest-rate CDs from other credit unions and the two highest-rate CDs from banks.

The above information and rates are accurate as of 10/27/2023.

To search for the best CD rates, both nationwide and state-specific, please refer to our CD rates table page.

Related Pages: Houston CD rates, Dallas CD rates, Lafayette CD rates, Oklahoma City CD rates, Anchorage CD rates, 5-year CD rates, IRA CD rates, nationwide deals

Previous Comments
Duck
  |     |   Comment #1
Found it easy enough to open account here @Advancial a few months back as I stopped in at a branch location in Allen Texas. It only took a few minutes of my day and a $5 maybe 10 I can't remember donation to join as she found a way for me to join I am sorry but honestly do not know what it was she mentioned something I believe was something like connex? as I told her I had noticed the branch as I shop at the Sprouts next door. I opened the share the 14m special and 5yr. Advanical does offer for those that do options to compound or withdraw your divies. I subsequently went back and open 2 other cd's also 2 other accounts for family members without any problems. Very happy easy to bank with the only hitch I've come across is the funds need to be on deposit or check in hand to open certificates no option to open(to lock the rate) and then fund ach ??. Otherwise a very quiet nice little bank with decent rates hope they keep them.
55Chevy
  |     |   Comment #2
With the 365 EWP.. better be prepared to kiss that money goodby for the full term if you open a 4 or 5 year certificate. Of course many people are now frustrated that they completely missed the boat on opening a 5% plus 4/5 yr certificate when they were widely available months ago...and they were usually with 180 day EWP's.
LovinSomeCDs
  |     |   Comment #3
Nonsense. I still have a couple 3.5%'ers from 2018 that are maturing over the next 3 months. I remember in 2018 when I locked in multiple 5 year, MANY people said that was silly to do as rates were still rising. And here is the thing, I believe rates did go up a little more into late 2018/early 2019, then hit a wall. BUUUUUUT, If I would have held out 6 more months back in 2018 to get the "better" rate, I would now be waiting 6-9 more months for those to mature (which the fed could make cuts by then).

All that to say.....no one knows where rates are going, everyone, and I mean EVERYONE has a guess, but thats about it. A total GUESS! I locked in everything I had in 2018, and in all 5 year CDs. I 100% lucked out, I know that. The rates were good, i was comfortable with them, so i went for it. Take the rates as they come, if it looks good, go for it.

Oh....and.....LADDER AND IT WONT MATTER!
LovinSomeCDs
  |     |   Comment #8
Ladder...
and....
it wont...
MATTER!!

You hear me!? LOUUUUD NOISSSSSSES!!

lol

But seriously...what you said is pure nonsense, but you know that. ;)
LovinSomeCDs
  |     |   Comment #17
Hey 55. where did you go? I was looking for some friendly banter! lol

You cant just disappear! ugh
me1004
  |     |   Comment #5
I note, if like me, you will be wanting to list your living trust (or any other trust or non-person) as beneficiary, Advancial will not allow that.

(In my case, if I can't list my living trust as beneficiary, I can't do business with them. In several contacts in advance, multiple CSRs said yes, no problem, I can list the living trust. But after some time it took to go through the process to join, the final processor called me ready to go -- except for one thing: I listed to have my living trust as beneficiay. She said Advancial changed it rules a few years ago to not allow a living trust or any other non-person as beneficiary. Without that, dang, a week of effort and now they change the story! I told them, then I can't do any business with you, and I was going to open the CD with a large amount. That was the end, they did not bend. I do not want to open an account in the name of the trust at this time.)
P_D
  |     |   Comment #6
There are risks to naming a trust as beneficiary. Make sure you are familiar with them. I never do that and only place trust funds in FIs where they can be titled in the name of the trust. It is more complicated but safer.  That severely limits the choices when it comes to banks and CUs since many of them will not accept accounts titled to a trust, and especially certain kinds of trusts. CUs especially can be difficult to open accounts titled to a trust so I usually avoid them altogether for trust accounts. It is not surprising that some FIs are cutting down on supporting trusts as they can be complicated and potentially expose them to liabilities and higher costs to service.
me1004
  |     |   Comment #12
What are some of the risks? It pays out to the trust, so what's the problem? Yes, of course, the trustee who takes over after I die will have to produce a death certificate and a certification he/she is the now the trustee. He/she can even produce the full trust, is they prefer. The trust will then determine what is to happen with it.
me1004
  |     |   Comment #13
I just googled that, I see nothing that is an issue for me. Seems the biggest consideration is listing a living trust as beneficiary of an IRA. As it happens, I am not doing that, a specific individual will get that. There were some suggestions of issues if you list a living trust as beneficiary of life insurance -- I don't have any life insurance.

Do you of any other considerations?
gmohan123
  |     |   Comment #16
@me1004 In rare situation where joint owners are alive but cannot operate or mentally sick then trust cannot act and you cannot get the money out. If joint owners are not alive then no issues money will go to trust and then get distributed.
me1004
  |     |   Comment #20
gmohan123, thanks. Fortunately, there is no joint owner situation for me.
Robb
  |     |   Comment #7
Given the relatively high 4/5 year rate terms a bit surprising to see heavy deposit outflows as Ken writes above “Advancial’s total non-brokered deposits decreased by $231.32 million, a poor annual growth rate of -12.22%.”

Per membership eligibility it sounds like YMMV.
pay_me
  |     |   Comment #9
Trulliant FCU 11M CD special cut to 5.70% APY from 6.00% APY
LovinSomeCDs
  |     |   Comment #10
Actually it was 6.25%.

I gobbled that up last week!
LovinSomeCDs
  |     |   Comment #14
Lasted about 3 weeks. They have some other good longer terms too. Even 5.7 is still good.
DannyKyle
  |     |   Comment #15
Dang....glad I pulled trigger last week and locked up at 6.25% APY.
DannyKyle
  |     |   Comment #18
Ken said their long term CD rate might fall soon. Their deposit growth is F or -$231.21 million resulting in -12.22% growth for the year. I think they need more cash flow in and probably require to raise the rates instead of dropping their rates.
premmer
  |     |   Comment #23
"Ken said their long term CD rate might fall soon".
Can you provide me a link to Ken's statement?.
Thanks
alan1
  |     |   Comment #24
premmer -- you don't need someone to provide you with "a link to Ken's statement". You can simply read the article that precedes your comment. On October 27, 2023, Ken Tumin wrote:

"NB: Advancial often updates its Certificate rates at the beginning of each month. So it is possible rates may soon fall, especially if there is strong nationwide demand for the long-term Certificates."
(please note that the NB notice is in boldface in Tumin's original article)

The link to the page where you posted your comment is 
https://www.depositaccounts.com/banks/advancial-cu/offers/
premmer
  |     |   Comment #25
Thank you, it was too obvious.
outtempster
  |     |   Comment #19
how do you become a member of USDAA? I only see register a dog but it's to compete. There is also a link to become a sponsor but not a member.
me1004
  |     |   Comment #21
outtempster, it is optional to reigsgter any animal. They certainly don't make that clear. That also is a circumstance in which they would charge. But you can proceed without anything marked in that area, you will owe nothing, and you will finish joining, get your login, and they will send an e-mail confiming you are a member, and give you a member number.
kman
  |     |   Comment #44
How long does it take to register with USDAA? I see it is a 5 step application.
racecar
  |     |   Comment #22
[offtopic so I moved it to the Misc forum, can't delete posts on DA once they're made]
unmesh
  |     |   Comment #26
Has anyone successfully opened an account using Chrome? After entering all my information, the next page says it needs Javascript to be enabled to process the application and Chrome tells me it is already enabled by default.
famewolf
  |     |   Comment #58
I tried using firefox then I tried using a privacy window, then I installed a clean copy of vivaldi and so far none of them have been able to get past that javascript error.
steve_okc
  |     |   Comment #27
Sunday I followed Steve58 directions & got an account # with the US Dog Agility Association & started my Advancial member app & selected "dog" for membership affiliation. I did a $5 saving & $0 checking account...All went smooth & today( monday ) they called me & explained how to register for online banking.its all set up & ready to open cds........also I'm in Oklahoma & they have 1 branch in OKC.
unmesh
  |     |   Comment #28
I turned on a VPN and the application went through. Weird!
daf999999
  |     |   Comment #29
I cannot get this application to accept the pdf of the rear of my driver's license. Accepts the front. And both front and read are identical scans. And nobody answers the phone after 90 minutes on hold. Anybody have this problem and figure out a solution?
steve_okc
  |     |   Comment #30
In regards to all that are having trouble with the back of their DL not being accepted.....

I had the same problem with the DL pictures at another bank I opened up some CD's with 2 months ago & figured it out with this method ,So I did the same process with this bank & it worked when folks were saying the dl back would not take. .

First put your lic. on a dark background for the picture , then zoom in as close as you can & make sure to have a very steady hand ...no movement. I downloaded 3 different pictures ( front & back ) that way in my computer & cropped them to the edges & on the rear dl 2 did not take but the 1 that had a very still & clear picture worked..

I hope this helps.
Mak
  |     |   Comment #31
I had the same problem with another credit union, made a copy of my license and scanned it to them, they finally told me to take a picture of my drivers license and upload that.
daf999999
  |     |   Comment #32
Thanks but it still won't accept any of the many photos I've taken and sometimes kicks me out of the application. And its only the back not the front. Clearly a problem with the software of the app. Too bad they make it so difficult to open an account
gmohan123
  |     |   Comment #33
Anyone having issue uploading back of the driver license was able to find an alternative? If I select the front successful picture for the back it still gives the same issue !!
rajeshlh
  |     |   Comment #34
Call the CU and ask them to email you the application form. Scan and send it back with a copy of your license
Francis1
  |     |   Comment #46
Think it's a problem on their side. The back of my driver's licence wouldn't scan. Tried many different pics of it. Tried an experiment and scanned the back of my DL first (in the front of DL) section. Scanned perfectly.

Then scanned the front of DL and it wouldn't scan. So whatever I scanned (front or back of DL) in the lower box doesn't work.
RichReg
  |     |   Comment #35
NEWSFLASH! ;
Well that didn't last long...looks like APY for $25K-5yr CDs are 5.03%; while $50K CDs are 5.14%.
So much for "end of the month"... suppose just a few days after October month-end instead.

https://www.advancial.org/certificates2023/?utm_campaign=cuanywhere_log_off_ads&utm_medium=log_off&u...
premmer
  |     |   Comment #36
Per your link, bottom of rate page reads "Rates effective from 07/01/2023 through 07/31/2023".
premmer
  |     |   Comment #37
Rates effective from 07/01/2023 through 07/31/2023.
steve_okc
  |     |   Comment #38
Your reading an outdated page .
go to their website & see the rates are still 5.29 (25k ) & 5.40 (50k) & at the bottom of the page is stated good from 11-1-2023 to 11-30-2023
RichReg
  |     |   Comment #39
Oh, wow...thanks. Wonder why they update one spot & not the other.
O.K., then...guess they're still available.
sanity
  |     |   Comment #40
I joined Advancial this week with $5 in a savings account. Yesterday I wired money to Advancial from 2 outside accounts. So hopefully on Monday or Tuesday, I'll be able to fund a Jumbo 5-year CD at 5.4%. A tip of the hat goes to Abigail at Advancial for her 2 phone calls to expedite my membership. Will report on my further adventures at Advancial next week.
RichReg
  |     |   Comment #41
Yeah, they are great. I joined them awhile back v.i.a. the USDAA. 
Too bad the rates at that time sucked.

Not sure if I want as long as a five-year; although only funds I have now are IRA certificate money coming due soon. Maybe....
Duck
  |     |   Comment #42
Feels like you're at the Crap's table sometimes doesn't it.
sanity
  |     |   Comment #43
Finally got both wires completed to transfer funds to Advancial savings account. It took an extra day. Called Advancial and got a call back within 30 minutes to fund the 5.4% 5-year Jumbo certificate from the savings account. Received confirmation online and by email. Done and done.
NYCDoug
  |     |   Comment #45
Advancial Rates unchanged this month. 5-Year Jumbo still at 5.40% APY for the duration of December:

https://www.advancial.org/current-market-interest-rate/#certificates

Rates for Certificates, Money Markets, Savings, Checking, Loans, and Credit Cards
effective from 12/01/2023 through 12/31/2023. 


Although it do also say, in fine print, at page bottom:

All rates are subject to change without prior notification.
anon123
  |     |   Comment #47
Wired some money today and setup 2 5-year jumbo CDs online without even talking to CSR. I had joined earlier via USDAA which was very easy as well.
Minor: during applicable process, drivers license back side did not load a few times on their site, but then I followed their instructions to place it on a darker surface with plenty of light and snapped a photo with my cellphone and it went through just fine.
I did call later to ask about beneficiaries. Whole account is covered by same set of beneficiaries. You can access and change them online easily once you know where to find that info (Manage Account, then Profile, then Beneficiaries subtab).
Everything has gone very smoothly so far with this credit union. Thank you for the deal post!!
Oh, 1 more note: I had to unfreeze Chex system and Experian before applying.
gregk
  |     |   Comment #48
Hoping they maintain the 5.4% APY Jumbo CD offer into the New Year (when I'll have more funds available for it), but think the odds are against that.

Someone tell me why I shouldn't be so pessimistic.
NYCDoug
  |     |   Comment #49
I'd wait to see what the FOMC does this Wednesday, and then what happens over the next two weeks (prior to year end) with Advancial's competitors — assuming Advancial does not tweak or reset its rates until January 2024, as promised.

Should the rates of Advancial's competition not be affected by the FOMC action (or lack thereof), then odds are Advancial will also maintain their rates into the new year. But even if there's a drop, or increase — wouldn't that be a nice surprise! — I imagine, based on Advancial's relative constancy, it will be only slight.

That's my best optimistic outlook :-)
niniss
  |     |   Comment #50
Same here, I have to wait for more funds to be free next month. So keep fingers crossed
cactus
  |     |   Comment #51
Too many yellow flags.
* Poor disclosure on website. EWP not on website. Truth in Savings document not on website. Ken had to call for both.
* Ken points out weird drop in deposits "total non-brokered deposits decreased... annual growth rate of -12.22%. "
* "field of membership (FOM) has changed a few times in the past four years."
* Tried "Dog Agility Association" Merely a free-to-join email list. Does this meet NCUA requirements for FOM?
* BBB complaints not resolved. Reply to most, even very old complaints, only that they are "reviewing" https://www.bbb.org/us/tx/dallas/profile/credit-union/advancial-federal-credit-union-0875-2000225/complaints
* Appears that main business may be high-risk. Hidden from their main website - wholesaling sub-prime loans, credit cards, and mortgages through brokers nationwide https://www.advancial.org/wholesale/
* CEO's LinkedIn profile shows no previous employment and implies that he has been CEO for 14 years, contradicted by info that comes up by googling. https://www.linkedin.com/in/brent-sheffield-a042a73/
* As part of a personal dispute with a local developer, CEO was arrested https://www.cutoday.info/Fresh-Today/CEO-Is-Arrested-Jailed-For-Stealing-Signs
Too many yellow flags.
niniss
  |     |   Comment #52
Oh my goodness, you have me scared and decided not to open account with them now.
gregk
  |     |   Comment #56
The NCUA insures your deposits. Anyway, I wouldn't call Advancial a financially problematic entity based on my analysis of the numbers. One might wish they were stronger in certain areas, but I've felt no problem placing significant funds with them recently.

If grades mean anything to you, Bauer gives them 4 stars (a recommendation), Weiss a "C"
(but they are always comparatively more stringent), and for DA they rate "B".

Good luck finding 5% plus long-term CD's at an FI descended from heaven.
Nysavr
  |     |   Comment #53
During the certificate opening process, Advancial displays a document showing the EWP and other terms before you confirm to open the certificate.

BBB shows only 9 complaints in the last 3 years, and BBB gives them a BBB A+ rating. The complaints seem to be from borrowers rather than depositors.
cactus
  |     |   Comment #54
1. Good to know. A little late to be disclosing the terms of the deal. Are you able to print that document? Anyhow, what does it say about EWPs?
2. Can't find the Federally-required "Truth in Savings" statement on the public website.
3. Contrary to popular belief, BBBs are local private companies that are franchised by a national company. BBBs are supported by the businesses that pay dues. BBBs give an "A+" rating to any business that responds to complaints, even if the response is a non-response - such as in this case, that they have been "reviewing" the complaint for years. BBBs are not non-profits.
EdwardD
  |     |   Comment #55
The online application would not accept the upload of the back of my driver license. Some users here mentioned about emailing the application form with copy of driver license to them.

When emailing them those sensitive application form, is there a secured way to do it?
Do they provide us a secured link so that we can upload the application form and ID safely?

Thanks for any suggestion.
Very frustrated with the process...
premmer
  |     |   Comment #57
I had a similar experience, contact an MSR and explain the circumstances. They can provide you a link to a secure messaging system so you can submit the application and images of your driver’s license.
obi
  |     |   Comment #59
Are their partial withdrawals allowed on the 5 year, and if so do you lose the 1 year of interest on just the amount withdrawn?
NYCDoug
  |     |   Comment #60
If it helps, obi, you can "Modify Certificate" — seemingly on the fly — to direct your next Dividend payment to "Deposit to Account" (specify your Advancial savings or checking); "By Check" (rely on snail mail); or "Transfer" (which I presume would be to an external account, via ACH).

Very flexible options, should you have the luxury of being are able to plan ahead.
After having selected one of these modifications to your dividend payment, there would be no EWP.
(And you could always go back and alter your choice, any time in the future)
obi
  |     |   Comment #61
Thanks, good to know. I do this in other banks just to avoid the FDIC limit. Still I'm wondering if a large surprise need comes up if I would have to terminate the whole CD and take the EWP on all of it, or could I withdraw a hunk and pay the EWP just on it.
NYCDoug
  |     |   Comment #62
Sorry I still don't have a direct answer to your question, obi — which may be best addressed to Advancial . . .

I can tell you, though, that last April I broke two Jumbo 60-month CDs there, from 2021 (earning 1.94% APY & 2.23% APY) . . . and with the remaining balances (after EWPs) reopened each at 4.61% APY. [Not knowing that a higher 5.40% APY was just around the corner— shortsighted me]

The penalties incurred encompassed the prior 365 days of posted interest. So I'm not telling you anything you didn't already know.

I would only add that, if you suspect you might be closing CDs for emergency use — in whole or in part — you could consider simultaneously opening multiple certificates of smaller amounts, so that you can readily close just one at a time, and not suffer penalties across your entire investment.

Also, having done the math in advance[cial], I figured the "upgrade" last April was worth the penalty; despite the loss, due to the higher APY, I'll surpass my breakeven point next year. And, as a bonus, I'm getting to deduct the loss on my 2024 taxes [as an "Adjustment to Income" per Turbo Tax].

Lastly, obi, I'm assuming you know that by adding beneficiaries you can increase the FDIC insured amount, in leaps of $250k per beneficiary — obviating your need to siphon off interest to stay below your current limit at Advancial, or at any of your other FIs.
DSRsd
  |     |   Comment #65
I was told by CSR before opening that they allow partial withdrawals with the penalty assessed on the amount withdrawn. The key is you have to maintain the minimum balance for the certificate type you opened (e.g , $50k for jumbo). This came up because I was considering two smaller Jumbos for flexibility and they pointed out that a combined larger one would be better in case of partial withdrawal.
nutkin
  |     |   Comment #63
Does anyone know if Advanicial has ACH limits (push/pull)?
DSRsd
  |     |   Comment #64
I don't know about the ACH limits, but they are a COOP shared branch member. My primary CU (where the 100k+ funds were) isn't a "shared branch memeber" but is a member of the COOP network. At Advancial's suggestion, I went to a nearby (6mi) Shared Branch Credit Union. That CU verified my ID, looked up my account at my credit union using info I provided, looked up my account Advancial and transfered the funds to Advancial. They were there and available almost instantly. I called Advancial within the hour and had the CD opened and funded.
nutkin
  |     |   Comment #66
Thanks, DSRsd. I don't have a membership with a shared branch member so it seems to to move large chunks of money out of the account, it will have to be wired.
Kennewickkid
  |     |   Comment #67
Did the same thing today. Saved a $20 wire fee.
Advancial 4- and 5-Year Jumbo CD APYs Are Near-Rate Leaders
Deal Summary: Jumbo Certificates, $50k minimum deposit – 4-year (4.15% APY) and 5-year (4.33% APY).

Availability: Residents of greater Charlotte area, North Carolina and the Louisiana parishes of Acadia, Avoyelles, Evangeline, Iberia, Lafayette, St. Landry, St. Martin, and Vermillion; employees of many SEGs.

It’s been more than nine months since my last Advancial blog post. While most credit unions and banks have been increasing rates since the beginning of the year, Advancial Certificate rate remained unchanged until the beginning of September. In the past four weeks,...

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Advancial Raises Short-Term Jumbo Certificate Rates
Deal Summary: Jumbo Certificates, $50k minimum deposit – 6-month (0.96% APY), 1-year (1.11% APY), 18-month (1.29% APY), and 2-year (1.48% APY).

Availability: Residents of the Louisiana parishes of Acadia, Avoyelles, Evangeline, Iberia, Lafayette, St. Landry, St. Martin, and Vermillion; employees of many SEGs; possible easy membership. (See “Availability” section below.)

In the past three months, Texas-based Advancial has increased the rates on most of its Jumbo Certificates, with the longer-terms having the largest gains. Advancial started the new month by raising the rates on its shorter-term Jumbo Certificates,...

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Advancial Boosts Long-Term Jumbo Certificate Rates
Deal Summary: Jumbo Certificates, $50k minimum deposit – 3-year (1.45% APY), 4-year (1.64% APY), and 5-year (1.89% APY).

Availability: Residents of the Louisiana parishes of Acadia, Avoyelles, Evangeline, Iberia, Lafayette, St. Landry, St. Martin, and Vermillion; employees of many SEGs; possible easy membership. (See “Availability” section below.)

Texas-based Advancial recently raised the rates on most of its Jumbo Certificates, with the long-terms having the largest increases: 3-year (8 bps), 4-year (10 bps), and 5-year (13 bps). The rate increases for the short-terms Jumbo Certificates ranged from 1-3 bps.

...
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Advancial Increases All Certificate Rates
Deal Summary: Jumbo Certificates, $50k minimum deposit – 6-month (0.92% APY), 1-year (0.98% APY), 18-month (1.12% APY), 2-year (1.25% APY), 3-year (1.47% APY), 4-year (1.69% APY), and 5-year (1.97% APY).

Availability: Residents of the Louisiana parishes of Acadia, Avoyelles, Evangeline, Iberia, Lafayette, St. Landry, St. Martin, and Vermillion; employees of many SEGs; possible easy membership.

Texas-based Advancial began the month by raising the rates on all its Certificates, with the 18-month, 2-year, 3-year, and 4-year Jumbo Certificates adding 10, 14, 16, and 9 bps, respectively. The rate increase for...

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Advancial Long-Term Jumbo CD Rates Increased Significantly
Deal Summary: Jumbo Certificates, $50k minimum deposit – 6-month (0.90% APY), 1-year (0.95% APY), 18-month (1.02% APY), 2-year (1.11% APY), 3-year (1.31% APY), 4-year (1.60% APY), and 5-year (1.94% APY).

Availability: Residents of the Louisiana parishes of Acadia, Avoyelles, Evangeline, Iberia, Lafayette, St. Landry, St. Martin, and Vermillion; employees of many SEGs.

DA reader, alan1, pointed out in a Forum post at the beginning of the week, Advancial has recently raised the rates on its long-term Jumbo Certificates, with the 3-year, 4-year, and 5-year adding 14, 30, and 28...

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