Advancial's Jumbo CDs and IRA CDs Become Rate Leaders

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Deal Summary: Jumbo Certificates, $50k minimum – 3-month (2.65% APY), 6-month (2.78% APY), 1-year (3.01% APY), 18-month (3.15% APY), 2-year (3.24% APY), 3-year (3.32% APY), 4-year (3.39% APY), and 5-year (3.49% APY).

Availability: Easy membership requirement by joining Connex ($5 fee); residents of the Louisiana parishes of Acadia, Avoyelles, Evangeline, Iberia, Lafayette, St. Landry, St. Martin, and Vermillion; employees of many SEGs.

It’s been almost a year since I last wrote about Advancial. This week’s across-the-board rate increases have put the Texas-based credit union's Jumbo Certificates in the forefront of the rates race. All of Advancial’s Certificates have tiered APYs, based on minimum opening deposits: Certificates ($1k min), Junior Jumbo Certificates ($25k min), and Jumbo Certificates ($50k min). The APYs are tiered in increments of 10 bps.

APYMINMAXINSTITUTIONPRODUCTDETAILS
3.49%$50k-Advancial5 Year Jumbo Certificates
3.39%$50k-Advancial4 Year Jumbo Certificates
3.32%$50k-Advancial3 Year Jumbo Certificates
3.24%$50k-Advancial2 Year Jumbo Certificates
3.15%$50k-Advancial18 Month Jumbo Certificates
3.01%$50k-Advancial1 Year Jumbo Certificates
2.78%$50k-Advancial6 Month Jumbo Certificates
2.65%$50k-Advancial3 Month Jumbo Certificates
Rates as of November 14, 2018.

Like last year, Advancial’s shorter-term Certificates have the more competitive APYs, even as rates continue to climb, with between 93 and 115 bps added in the last year. More telling, is the flattening yield curve: in December 2018, there was a difference of 66 bps between the 1-year and 5-year APYs; currently there’s a difference of 48 bps.

Advancial’s Certificates are also offered as IRAs (Traditional, Roth, CESA), earning the same tiered APYs with the same funding requirements.

APYMINMAXINSTITUTIONPRODUCTDETAILS
3.49%$50k-Advancial5 Year Jumbo IRA (Traditional, Roth, CESA)
3.39%$50k-Advancial4 Year Jumbo IRA (Traditional, Roth, CESA)
3.32%$50k-Advancial3 Year Jumbo IRA (Traditional, Roth, CESA)
3.24%$50k-Advancial2 Year Jumbo IRA (Traditional, Roth, CESA)
3.15%$50k-Advancial18 Month Jumbo IRA (Traditional, Roth, CESA)
3.01%$50k-Advancial1 Year Jumbo IRA (Traditional, Roth, CESA)
2.78%$50k-Advancial6 Month Jumbo IRA (Traditional, Roth, CESA)
2.65%$50k-Advancial3 Month Jumbo IRA (Traditional, Roth, CESA)
Rates as of November 14, 2018.

In a Live Chat, CSR stated,

The early withdrawal penalty for our One-Year, 18-Month, Two-Year, and
Three-Year Certificates is equal to 180 days dividends. For a Four-Year and
Five Year Certificate, the early withdrawal penalty is equal for 365 dividends.

Many thanks to DA reader, alan1, for his continued Forum posts about Advancial’s CDs.

Availability

Headquartered in Dallas, Texas, Advancial’s field of membership (FOM) includes a way for almost any U.S. citizen or resident alien able to join.

Easy Membership: Joining Connex ($5 membership fee) qualifies for membership in Advancial. According to Connex’s website, membership with Connex provides “access to a professional, online interactive network of work associates and friends, company information and jobs, and other opportunities.”

Residency - Individuals who live, work, worship, or attend school in the Louisiana parishes of Acadia, Avoyelles, Evangeline, Iberia, Lafayette, St. Landry, St. Martin, and Vermillion are eligible to join.

Employment - Employees of hundreds SEGs also qualify for membership. Unfortunately, Advancial does not list any of the SEGs on their website. According to the Membership Eligibility page,

To learn if your company or association is an Advancial Select Employer Group,
please contact your local branch or our Member Service Center at 800.322.2709.

There’s not much information about the SEGs on Advancial’s website, but its branch locations “are in energy producing areas, having started as ARCO’s credit union catering to the oil and gas industry.” CSR stated that many of the SEGs are oil and gas industry companies.

Good news – Advancial has added an online New Member Application, but joining Connex requires a paper application. In a Live Chat, CSR stated,

This Select Association Group [Connex] is not available in our online application portal, but we can send the appropriate membership documentation to you via our secure email service if you wish.

The “appropriate membership documentation” includes a PDF of both Advancial’s membership application and the Connex application. A New Account Funding Authorization is also included, listing the following options for initial funding:

  • Credit or Debit Card
  • Funds Transfer from Another Advancial Account
  • Check
  • Cash

The application is also available as a download and can be returned by mail, fax, or email to the Member Service Center in Dallas. Advancial also has 13 branches located in Alaska (2), Louisiana (2), Oklahoma (1), and Texas (8).

Advancial also participates in Shared Branching through the CO-OP network, giving members access to more than 5,000 branches and nearly 30,000 surcharge-free ATMs nationwide.

Credit Union Overview

Advancial has an overall health grade of "B+" at DepositAccounts.com, with a Texas Ratio of 6.10% (excellent) based on June 30, 2018 data. In the past year, Advancial has increased its total non-brokered deposits by $141.16 million, an excellent annual growth rate of 11.83%. 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 the 12th largest credit union based in Texas, with more than 87,100 members and assets in excess of $1.6 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 would have “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 Jumbo Certificates Compare

When compared to the similar length-of-term CDs tracked by DepositAccounts.com that are available nationwide and have a minimum deposit of $50k or less, all of Advancial's Jumbo Certificate APYs currently rank either first or second.

Interest RateCD Length of TermCredit Union/Bank
2.65% APY3-Month Jumbo Certificate ($50k min) Advancial
2.00% APY3-Month CD Special ($500 min)Third Federal Savings and Loan

Interest RateCD Length of TermCredit Union/Bank
2.78% APY6-Month Jumbo Certificate ($50k min) Advancial
2.75% APY9-Month Certificate Special ($1k min)Andrews Federal Credit Union

Interest RateCD Length of TermCredit Union/Bank
3.01% APY1-Year Jumbo Certificate ($50k min) Advancial
2.75 APY12-Month eCD ($10k min)Fort Knox Federal Credit Union

Interest RateCD Length of TermCredit Union/Bank
3.15% APY18-Month Jumbo Certificate ($50k min) Advancial
3.04 APYOnline 19-Month CD ($500 min)MutualOne Bank

Interest RateCD Length of TermCredit Union/Bank
3.24% APY2-Year Jumbo Certificate ($50k min) Advancial
3.10% APY2-Year CD ($500 min)KS StateBank

The above rates are accurate as of 11/3/2018.

To look 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, 1-year CD rates, 5-year CD rates, nationwide deals

Comments
Vivian
Vivian   |     |   Comment #1
The difference between 3mo CD and 3 Years CD is only about a 0.5% difference, why get now in 3 Year CD, does not makes sense to me.
ben
ben   |     |   Comment #2
How are they rate leaders? There are 5 or 6 institutions paying higher rates for the 5 year.
Joe
Joe   |     |   Comment #3
They are far away from "Rate Leaders", many banks and CU have about the same or above these rates.
Russian Troll
Russian Troll   |     |   Comment #4
To all of you folks that made disparaging remarks about them being rate leaders.
They are for terms of 24 months or less.
Not may people are going out further than that these days.
Hey Troll
Hey Troll   |     |   Comment #5
Very limited membership area so this nonsense is a waste of time for the majority.
alan1
alan1   |     |   Comment #6
reply to "Hey Troll" (#5) -- the "very limited membership area" making "this nonsense... a waste of time" is the United States of America. From the "Availabilty" section of Ken Tumin's article:

"Headquartered in Dallas, Texas, Advancial’s field of membership (FOM) includes a way for almost any U.S. citizen or resident alien able to join.

"Easy Membership: Joining Connex ($5 membership fee) qualifies for membership in Advancial"

Yes, reading "this nonsense" is probably a waste of time for most inhabitants of our solar system, or even our planet. But I think it's useful for U.S. citizens and resident aliens who are interested in decent CD deals.
RJM
RJM   |     |   Comment #7
Nice 1 year & under rates.

But, I just do not have $50k available until Jan 16. Hopefully by then, rates will be a bit higher.
#8 - This comment has been removed for violating our comment policy.
payitforward
payitforward   |     |   Comment #10
Offhand, what is their ACH policy for funding and transferring money out of accounts?
ACH
ACH   |     |   Comment #11
They are waiting for your call at: 800.322.2709, it depends on the account types you have, length of membership and amount on deposits.
Anon
Anon   |     |   Comment #15
I did the online application and it was processed the same day! I was advised by CSR that you can use the online application and just put your own name in the Family/HH Member's Name if you need to join Connex to be eligible. You have to upload a scanned copy of your driver's license and sign electronically with DocuSign. Advancial then sent me a DocuSign form to join Connex. Once I submitted the Connex form they processed my application and gave me an account number. They even called to advise me that my account was open! I was never asked for $5 to join Connex. You need to use a credit card for the initial $5 deposit to open the savings account.
Advancial's 1-Year Jumbo Certificate Rate Raised
Deal Summary: Jumbo Certificates, $50k minimum - 6-month (1.75% APY); 1-year (1.90% APY); 18-month (2.01% APY); 2-year (2.10% APY).

Availability: Residents of the Louisiana parishes of Acadia, Avoyelles, Evangeline, Iberia, Lafayette, St. Landry, St. Martin, and Vermillion; Employees of many SEGs; Easy membership requirement by joining Connex ($5 fee).

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Availability: Residents of several Louisiana parishes; employees of many SEGs; easy membership requirement by joining Connex ($5 fee).

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Availability: Residents of the Louisiana parishes of Acadia, Avoyelles, Evangeline, Iberia, Lafayette, St. Landry, St. Martin, and Vermillion; employees of many SEGs; easy membership requirement by joining Connex ($5 fee).

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