Advancial Boosts Long-Term Jumbo Certificate Rates

POSTED ON BY

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.

Advancial’s 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 bps.

APYMINMAXINSTITUTIONPRODUCTDETAILS
1.89%$50k-Advancial5 Year Jumbo Certificate
1.64%$50k-Advancial4 Year Jumbo Certificate
1.45%$50k-Advancial3 Year Jumbo Certificate
Rates as of September 26, 2021.

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

APYMINMAXINSTITUTIONPRODUCTDETAILS
1.89%$50k-Advancial5 Year Jumbo IRA (Traditional, Roth, CESA)
1.64%$50k-Advancial4 Year Jumbo IRA (Traditional, Roth, CESA)
1.45%$50k-Advancial3 Year Jumbo IRA (Traditional, Roth, CESA)
Rates as of September 26, 2021.

According to CSR, the Early Withdrawal Penalties are as follows:

  • 90 days dividends for terms less than one year.
  • 180 days dividends for terms between one year and three years.
  • 365 days dividends for terms four years and greater.

Advancial offers penalty-free early withdrawals,

if you have been impacted by a federal disaster event. The standard Early Withdrawal fee is waived on requests made within 60 days from the date of declaration of a federal disaster area. IRA Savings Certificates are not eligible for this offer.

Funding and Accessing Maturing Funds

Certificates must be funded at the time of opening. CSR suggested the easiest (and fastest) way to fund a Certificate is through a transfer from an existing Advancial checking or savings account. Advancial participates in the CO-OP Shared Branch network, making the transfer of funds relatively easy. The other option would be to initiate a wire from an external financial institution.

Maturing funds can be distributed by check, wire ($15 fee), or transferred into an existing Advancial checking or savings account.

Beneficiaries

Unlimited beneficiaries can be named, with a Social Security number required for each beneficiary. According to CSR, beneficiaries can be listed on the online application, with no need for a separate form to be submitted. Percentages cannot be assigned; only equal shares are available.

Availability

Headquartered in Dallas, Texas, Advancial has a field of membership (FOM) that 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.

After seeing the latest CD rate increases, I thought it would be a good idea to contact Advancial, in hopes of being told the EMR was back in place. Based on my conversation with a very helpful CSR, Advancial is probably still in non-EMR mode, but the possibility of a EMR “technically exists,” to quote CSR.

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.” According to CSR, 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.)

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.

In my July Advancial blog post, I quoted a Forum post by DA reader, AYPAddict, who pointed out in the Forum post,

I did a quick search of their SEG list and found that Costco is listed. It's worth a call to them to see if being a Costco member would qualify you to become an Advancial FCU member.

According to CSR, all Costco employees qualify for membership regardless of where they live or work, but the only Costco members who qualify are those who either joined at the Katy (TX) Costco or picked up their new membership cards at the Katy Costco.

The only other SEG I found that’s open to just about anyone is the United States Dog Agility Association (USDAA). CSR stated that joining the USDAA “technically” qualifies for Advancial membership, but it may be a YMMV (your miles may vary) situation. He said if you’re joining Advancial to apply for a loan, the USDAA membership would probably “technically” qualify, but probably wouldn’t qualify if you’re interested in opening a CD, savings, or money market account.

In the past, Advancial has limited who can open a CD. In a May 2020 review of Advancial, DA reader, remmymo, stated,

After reading field of membership on this website I clicked on the Connex link and joined. Then I filled out the Advancial membership form online. I wanted to open a large CD quickly. When I called Advancial to follow up on my application I was told that membership in Connex will not be suffice to become a member of Advancial Credit Union.

The other ways to join Advancial include,

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.

Personal 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.

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 (6).

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.

Credit Union Overview

Advancial has an overall health grade of "B+" at DepositAccounts.com, with a Texas Ratio of 6.53% (excellent) based on March 31, 2021 data. In the past year, Advancial has increased its total non-brokered deposits by $247.28 million, an excellent annual growth rate of 17.17%. 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 14th largest credit union based in Texas, with nearly 100,000 members and assets in excess of $1.9 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 Jumbo Certificates Compare

Given Advancial’s unique FOM, a comparison to nationally available CDs is appropriate. When compared to the similar length-of-term CDs tracked by DepositAccounts.com that are available nationwide, all of Advancial's long-term Jumbo Certificate APYs currently rank first, regardless of minimum deposit requirements.

Interest RateCD Length of TermCredit Union/Bank
1.45% APY3-Year Jumbo Certificate ($50k min, EWP=180 days)Advancial
1.10% APY30-Month Term Savings CD ($100k min, EWP=3% of amount withdrawn)Quorum Federal Credit Union

Interest RateCD Length of TermCredit Union/Bank
1.64% APY4-Year Jumbo Certificate ($50k min, EWP=365 days) Advancial
1.40% APY47-Month CD Special ($500 min, EWP=180 days)Abound Credit Union

Interest RateCD Length of TermCredit Union/Bank
1.89% APY5-Year Jumbo Certificate ($50k min, EWP=365)Advancial
1.35% APY59-Month CD ($500 min, EWP=365 days)Abound Credit Union

The above information and rates are accurate as of 9/9/2021.

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, 5-year CD rates

Comments
highrate
  |     |   Comment #1
I might do the five year for 1.89 if I thought I could get in but I don't think I can. At least it would provide some basic income as opposed to essentially nothing now
RonPaul
  |     |   Comment #2
They have branches in Texas but you can only join if you live in Louisiana? Doesnt make sense
P_D
  |     |   Comment #3
I flirted with opening an account at Advancial a couple of times over the last few years. Initially I thought that membership in the USDAA was a sure in and my only potential route to joining. But after speaking to several CSRs it seemed fuzzy as to whether or not that qualifies you for membership so I decided to pass.
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...

Continue Reading
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...

Continue Reading
Update on Advancial’s Availability and Competitive Jumbo CD Rates
Deal Summary: Jumbo Certificates, $50k minimum deposit – 6-month (0.69% APY), 1-year (1.01% APY), 18-month (1.07% APY), 2-year (1.13% APY), 3-year (1.19% APY), 4-year (1.28% APY), and 5-year (1.42% APY).

Availability: Easy membership requirement (more details in the Availability section below); residents of the Louisiana parishes of Acadia, Avoyelles, Evangeline, Iberia, Lafayette, St. Landry, St. Martin, and Vermillion; employees of many SEGs.

DA reader, ichaelm, has been diligent over the past few months with Forum posts about CD rates offered by Advancial. Because of uncertainty about the field of...

Continue Reading
Advancial Short-Term Jumbo Certificates Are Rate Leaders
Deal Summary: Jumbo Certificates, $50k minimum – 6-month (1.69% APY), 1-year (1.78% APY), and 18-month (1.83% APY).

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

With so many rate drops in the past two weeks, the recent modest increases on Advancial’s short-term Jumbo Certificates has resulted in Advancial being the rate leader in the 6-month, 1-year, and 18-month categories in DA’s...

Continue Reading
Advancial Long-Term CDs Continue To Be Very Competitive
Deal Summary: Jumbo Certificates, $50k minimum – 5-year (2.21% APY), 4-year (2.11% APY), and 3-year (2.02% 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.

I wrote about Advancial’s long-term Jumbo Certificates in January, following across-the-board rate increases. While Advancial’s short-term Certificates lost their competitive edge in 2019, the long-term Jumbo Certificates fared better with a rate resurgence that began last fall. Advancial typically updates their...

Continue Reading

More Past Offers



The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.