Argent Credit Union (VA) Long-Term CDs Are Rate Leaders

POSTED ON BY

Deal Summary: Share Certificates – 48-month (2.00% APY), 60-month (2.25% APY), $500 minimum deposit; 24-month Jumbo Share Certificate (1.75% APY), $50k minimum deposit.

Availability: Residents of three Central Virginia counties and the City of Richmond.

Argent Credit Union (Argent CU) is currently offering competitive rates on its longer-term Share Certificates, with the 48-month earning 2.00% APY and the 60-month earning 2.25% APY. The minimum deposit for either is $500.

APYMINMAXINSTITUTIONPRODUCTDETAILS
1.50%$500-Argent Federal Credit Union60 Month Certificate
1.50%$500-Argent Federal Credit Union60 Month IRA Certificate (Traditional, CESA)
1.40%$500-Argent Federal Credit Union48 Month Certificate
1.40%$500-Argent Federal Credit Union48 Month IRA Certificate (Traditional, CESA)
Rates as of August 13, 2020.

Both CDs are also available as IRAs (Traditional, CESA), earning the same APYs with the same deposit requirements.

Argent CU offers only one Jumbo Share Certificate: the 24-month, which earns 1.75% APY and requires a $50k minimum opening deposit. The 24-month IRA Jumbo Share Certificate also earns 1.75% APY, with a $50k minimum deposit.

APYMINMAXINSTITUTIONPRODUCTDETAILS
1.15%$50k-Argent Federal Credit Union24 Month Jumbo Share Certificate
1.15%$50k-Argent Federal Credit Union24 Month Jumbo IRA Share Certificate (Traditional, CESA)
Rates as of August 13, 2020.

As stated in the Truth in Savings disclosure, the Early Withdrawal Penalty (EWP) reads as follows:

Terms of 12 to 60 months – 180 days’ dividends

FYI – according to the COVID-19 Message to Our Members page, Argent CU is temporarily waiving CD EWPs. There is no indication how long the penalty-free phase will last.

Availability

Headquartered in Chester, Virginia, Argent Credit Union’s field of membership (FOM) is residency-based, with U.S. citizens/resident aliens, 18 years or older, who live, work, worship, attend school, or volunteer in the Virginia counties of Chesterfield, Hanover, Henrico, or the City of Richmond eligible to join.

Immediate family members and housemates of membership-eligible individuals also qualify for membership.

Joining Argent CU can be done online. Opening a CD can be done online, but you must become a member first and then use “Home Bank” to open the CD.

Simply log into Home Banking and click the Account Services button.

The lobbies at the five Virginia branches are closed to the general public, although,

Drive thru service will be available for teller transactions only. Staples Mill branch located inside the Anthem building will be temporarily closed.

Please contact us at (804) 748-9488 if you need to schedule an appointment for limited face-to-face transactions, including access to safe deposit boxes. ATMs will remain available for deposits, withdrawals and inquiries.

A minimum $5 deposit opens your account and represents your share of the Credit Union.

Argent CU participates in the CO-OP Shared Branch network, as well as the Accel and CULIANCE ATM networks.

Credit Union Overview

Argent Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 6.65% (excellent) based on December 31, 2019 data. In the past year, Argent CU has increased its total non-brokered deposits by $6.43 million, an excellent annual growth rate of 3%. Please refer to our financial overview of Argent Credit Union (NCUA Charter # 24313) for more details.

Founded in 1956, Argent Credit Union was initially known as the DuPont Fibers Federal Credit Union. The original FOM was comprised of the employees of the DuPont Spruance Facility, the largest DuPont manufacturing facility in the world. Approximately ten years ago, a community charter was adopted and the Argent rebrand occurred. (I’m not sure if “Argent” refers to the French word for silver money or the ‘60s English rock bank, Argent.) Argent CU is currently the 29th largest credit union in Virginia, with nearly 25,000 members and assets in excess of $247 million.

How the Share Certificates Compare

When compared to the similar length-of-term CDs tracked by DepositAccounts.com, that require a similar minimum deposit and are available within the FOM, Argent Credit Union's 48-month Share Certificate APY* currently ranks first.

When compared to the similar length-of-term CDs tracked by DepositAccounts.com, that require a similar minimum deposit and are available within the FOM, Argent Credit Union's 60-month Share Certificate APY* currently ranks first.

How the Jumbo Share Certificate Compares

When compared to the similar length-of-term CDs tracked by DepositAccounts.com, that are available within the FOM, Argent Credit Union's 24-month Jumbo Share Certificate APY* currently ranks first, regardless of deposit requirements.

These rates are accurate as of 6/11/2020.

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

*We continue to work to keep our rates up-to-date, but there have been just too many rate cuts for us to process quickly. For the time being, please be aware that the rates listed at DepositAccounts.com may not reflect the latest rates published by the banks and credit unions.

Related Pages: Richmond CD rates, 5-year CD rates

Comments


#1 - This comment has been removed for violating our comment policy.
5.72% 24-Month CD at a Virginia CU (DuPont Fibers)
DuPont Fibers FCU is offering a 5.72% APY 24-month certificate. The minimum deposit is $50,000. Other rates include a 5.46% APY for a 60-month CD and a 5.35% APY for a 48-month CD. These require a $500 minimum deposit. The same rates are also available in an IRA certificate.

Field of membership is primarily based on select employer groups. See site for the list of employers. Membership requires a $5 minimum deposit into your share savings account.

Branches are located in Richmond, Chester and Midlothian, Virginia. The credit union is federally insured...



Continue Reading
5.72% 24-Month CD at a Virginia CU - $50K (DuPont Fibers)
DuPont Fibers FCU is offering a 24-month Jumbo share certificate with a rate of 5.72% APY. The minimum deposit is $50K.

The field of membership is primarily based on select employeer groups. There's a long list of employers. See site for details. Branches are located in Richmod, Chester and Midlothian, Virginia.

The credit union is federally insured by the NCUA. It has $162 million in assets and 23,053 members.

Thanks to Richmod Bank Deals for mentioning this special in the finding bank deals.





Continue Reading


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.