Eastman Credit Union (TN/VA/TX) Ups Rates On 5-Year CDs

POSTED ON BY

Deal Summary: 5-year Investment Certificate, 2.55% APY, $1k minimum deposit; 5-year Jumbo Investment Certificate, 2.60% APY, $100k minimum deposit.

Availability: Residents of seven Tennessee, seven Virginia, and two Texas counties; a variety of SEGs.

Earlier this month, Eastman Credit Union (ECU) raised the rates on its 5-Year Investment Certificate (2.55% APY, $1k minimum) and 5-Year Jumbo Investment Certificate (2.60% APY, $100k minimum). These new APYs are the highest rates for both Certificates in almost seven years.

APYMINMAXINSTITUTIONPRODUCTDETAILS
2.60%$100k-Eastman Credit Union5 Year Jumbo Investment Certificate
2.55%$1k-Eastman Credit Union5 Year Investment Certificate
Accounts mentioned in this post. Rates as of October 21, 2017.

Both Certificates are also offered as IRAs (Traditional, Roth,and CESA), earning the same APYs and with the same funding requirements.

APYMINMAXINSTITUTIONPRODUCTDETAILS
2.60%$100k-Eastman Credit Union5 Year Jumbo IRA Investment Certificate (Traditional, Roth, CESA)
2.55%$1k-Eastman Credit Union5 Year IRA Investment Certificate (Traditional, Roth, CESA)
Accounts mentioned in this post. Rates as of October 21, 2017.

According to ECU’s Investment Certificate page, the Early Withdrawal Penalty is “180 days dividends.” The fine print on the Investment Certificate page states,

Dividends earned on all accounts may be transferred to another account at ECU.
You may elect to receive a check only for dividends earned on investment certificates.

Availability

Headquartered in Kingsport, Tennessee, Eastman Credit Union’s field of membership is primarily residency based, although in three different states.

Residency: Individuals who live, work, worship, attend school, or operate a business in the Tennessee counties of Elizabethton, Greene, Hancock, Hawkins, Sevier, Sullivan, or Washington; the Virginia counties of Dickenson, Lee, Norton, Russell, Scott, Washington, or Wise; or the Texas counties of Gregg or Harrison, are eligible to join.

SEGs: Individuals who are employed by ECU’s more than 45 Sponsor Companies and 30+ Approved Contractors qualify for membership.

Employment: Individuals who work regularly in the healthcare industry in Carter, Hamblen, Johnson or Unicoi Counties in Tennessee; or Buchanan, Russell, Smyth, Tazewell or Wise Counties in Virginia, are also eligible for membership.

Relationship: Family members of ECU eligible members also qualify for membership.

Joining Eastman Credit Union and/or opening an Investment Certificate can be done online, or by visiting of any of the 19 Tennessee branches located in Blountville, Bristol, Gray, Greenville, Johnson City (4), Jonesborough, Kingsport (8), Mount Carmel, and Rogersville. There are also two branches in Longview, Texas, and four branches in southwest Virginia – Abingdon, Bristol, Duffield, and Gate City.

Credit Union Overview

Eastman Credit Union has an overall health grade of "A+" at DepositAccounts.com, with a Texas Ratio of 1.13% (excellent) based on June 30, 2017 data. In the past year, Eastman CU has increased its total non-brokered deposits by $399 million, an excellent annual growth rate of 13.44%. Please refer to our financial overview of Eastman Credit Union (NCUA Charter # 68095) for more details.

Eastman Credit Union was founded in 1934 by employees of the Eastman Chemical Company, which has been based in Kingsport (TN) since 1920. ECU is currently the largest credit union in Tennessee, with over 194,300 members and assets in excess of $3.9 billion. In January, ECU awarded $12 million to its members through its Extraordinary Dividends program. In the past 19 years, ECU has paid its members more than $92 million in year-end bonuses.

How the Investment Certificates Compare

When compared to the similar length-of-term CDs tracked by DepositAccounts.com that are available residents in the Tennessee-Virginia Tri-Cities area, Eastman Credit Union’s 5 Year Jumbo Investment Certificate and 5 Year Invest Certificate currently rank first and second respectively, regardless of minimum deposit.

Interest RateCD Length of TermCredit Union/Bank
2.60% APY5-Year Jumbo Investment Certificate ($100k min)Eastman Credit Union
2.55% APY5-Year Investment Certificate ($1k min)Eastman Credit Union
2.53% APY60-Month CD ($1k min)Langley Federal Credit Union

The above rates are accurate as of 9/28/2017.

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: Tri-Cities CD rates, Tyler CD rates, 5-year CD rates

Comments
Eastman Credit Union (TN/VA/TX) Raises Rates On 1-Year CDs
Availability: Residents of seven Tennessee, eight Virginia, and two Texas counties; a variety of SEGs.

Last week, Eastman Credit Union (ECU) raised the rates on its 1-2 Year Investment Certificate (1.30% APY, $1k minimum) and 1-2 Year Jumbo Investment Certificate (1.40% APY, $100k minimum). These new rates are the highest for both Certificates in more than five years

As stated on ECU’s Investment Certificate page, the Early Withdrawal Penalty is “90 days dividends.”

Availability

Headquartered in Kingsport, Tennessee, Eastman Credit Union’s field of membership is primarily residency based,...

Continue Reading
Top CD Rates Continue at Eastman Credit Union in Parts of TN, VA, TX, SC & AR - Local Only

Eastman Credit Union continues to offer competitive certificate rates. The two most competitive ones include a 1.75% APY 12-month CD and a 2.50% APY 3-year CD. The 6-month CD is also very competitive even though it may not seem that great with a 1.35% APY. Minimum deposit is $1,000. An extra 10 basis points are applied to Jumbo CDs with a $100,000 minimum deposit. These rates are listed in the credit union's deposit rates table as of 7/14/2010.

Membership is open to those who live, work or attend school in several...

Continue Reading
Competitive CD Rates at Eastman Credit Union in Parts of TN, VA, TX, SC & AR - Local Only

Eastman Credit Union continues to offer competitive certificate rates. The two most competitive ones include a 2.00% APY 12-month CD and a 2.30% APY 2-year CD. Minimum deposit is $1,000. An extra 10 basis points are applied to Jumbo CDs with a $100,000 minimum deposit. These rates are listed in the credit union's deposit rates table as of 2/2/2010.

Membership is open to those who live, work or attend school in several counties in the northeast part of Tennessee. Counties in southwest Virginia and in Harrison and Gregg Counties in Texas...

Continue Reading
2.50% 12-Month CD & 3.10% 3-Year CD at Eastman Credit Union in TN, VA, TX, SC & AR - Local Only
Update 10/17/09: The CD rates have fallen, but they remain competitive. New rates include 2.35% APY 12-month, 2.60% APY 24-month and 3.15% APY 36-month.

Eastman Credit Union continues to offer competitive certificate rates. The three most competitive ones include a 2.50% APY 12-month CD, a 2.75% APY 2-year CD and a 3.10% APY 3-year CD. Minimum deposit is $1,000. An extra 10 basis points are applied to Jumbo CDs with a $100,000 minimum deposit. These rates are listed in the credit union's deposit rates table as of 8/21/09.

These CD rates are...



Continue Reading
2.70% 24-Month CD at Eastman Credit Union in TN, VA, TX, SC & AR - Local Only
Eastman Credit Union is offering some competitive certificate rates. The two most competitive are the 24-month term with a 2.70% APY and the 12-month term with a 2.25% APY. The 3-year term also has a competitive APY of 3.10%. The minimum deposit is $1,000. An extra 10 basis points is added for a Jumbo CD with a minimum of $100,000. These rates are listed in the credit union's deposit rates table as of 7/09/09.

Eastman Credit Union has a history of competitive certificate rates. My last post on this credit union...

Continue Reading

More Past Offers