Advancial's 1-Year Jumbo Certificate Rate Raised

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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).

Advancial’s latest round of rate increases confirms that the trend of short-term CDs outperforming long-term CDs continues to be the standard. Since the beginning of the year, Advancial has been steadily increasing its short-term CD rates. The long-term CDs, on the other hand, have not performed as well, and have actually experienced rate decreases in the past three months.

APYMINMAXINSTITUTIONPRODUCTDETAILS
2.36%$50k-Advancial2 Year Jumbo Certificates
2.29%$50k-Advancial18 Month Jumbo Certificates
2.25%$50k-Advancial1 Year Jumbo Certificates
2.11%$50k-Advancial6 Month Jumbo Certificates
Rates as of September 21, 2018.

Advancial’s CDs are a good example of the flattening yield curve that’s been evident for several month. While the 6-month, 1-year, and 18-month Jumbo Certificates have APYs 12-17 bps higher than seen in June, the longer term Jumbo Certificates have APYs about the same or even lower (between 6-14 bps).

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.

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

APYMINMAXINSTITUTIONPRODUCTDETAILS
2.36%$50k-Advancial2 Year Jumbo IRA (Traditional, Roth, CESA)
2.29%$50k-Advancial18 Month Jumbo IRA (Traditional, Roth, CESA)
2.25%$50k-Advancial1 Year Jumbo IRA (Traditional, Roth, CESA)
2.11%$50k-Advancial6 Month Jumbo IRA (Traditional, Roth, CESA)
Rates as of September 21, 2018.

In a Live Chat, CSR stated,

The early withdrawal penalty for our One-Year, 18-Month, Two-Year,
and Three-Year Savings Certificates is equal to 180 days 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) is fairly wide, with 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.

I still don’t have much information about the SEGs, but I do know that Advancial’s branch locations “are in energy producing areas, having started as ARCO’s credit union catering to the oil and gas industry,” and that many of the SEGs are oil and gas industry companies.

Joining Advancial can be done by downloading the Membership Application and returning the completed application by mail, fax, or email to the Member Service Center in Dallas. Advancial also has 16 branches located in Alaska (2), Louisiana (2), New Jersey (1), Oklahoma (1), and Texas (10).

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 "A" at DepositAccounts.com, with a Texas Ratio of 6.28% (excellent) based on June 30, 2017 data. In the past year, Advancial has increased its total non-brokered deposits by $85.33 million, an excellent annual growth rate of 7.7%. 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 82,500 members and assets in excess of $1.4 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 Certificates Compare

When compared to the similar length-of-term CDs tracked by DepositAccounts.com that are available nationwide, all of Advancial's shorter term Jumbo Certificate APYs currently rank first, regardless of minimum deposit.

The above rates are accurate as of 12/1/2017.

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

Related Pages: Houston CD rates, Dallas CD rates, Lafayette CD rates, Oklahoma City CD rates, Anchorage CD rates, 1-year CD rates, nationwide deals, Internet banks

Comments
Advancial Raises CD Rates Across The Board
Deal Summary: Jumbo Certificates, $50k minimum - 6-month (1.72% APY); 1-year (1.87% APY); 18-month (1.96% APY); 2-year (2.04% APY); 3-year (2.17% APY); 4-year (2.38% APY); 5-year (2.56% APY).

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

In late July, I wrote about Advancial’s across-the-board CD rates increases, which placed the APYs near or at the top of every length of term category. Since that time, Advancial’s CD rates have been a mixed bag: some up and some down....

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Advancial's Jumbo Certificates ($50k min) Offer Top Rates
Deal Summary: Jumbo Certificates, $50k minimum - 6-month (1.63% APY); 1-year (1.77% APY); 18-month (1.91% APY); 2-year (2.10% APY); 3-year (2.27% APY); 4-year (2.50% APY); 5-year (2.70% 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).

For some time, Dallas-based Advancial has had very competitive CD rates, but the question of who could join was never answered to my satisfaction. For example, more than a year...

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