Navigant Credit Union (RI) Celebrates 100 Years With 24-month CD

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Availability: Rhode Island, and nearby Connecticut and Massachusetts (determined by Zip Code)

In celebration of its 100th anniversary, Navigant Credit Union (Rhode Island) is offering a 2-Year CD (1.50% APY). The minimum opening deposit is $500 and there is no maximum balance cap.

The 2-Year CD is also available as an IRA (Traditional, Roth, and CESA) earning the same APY, with the same funding requirements.

APYMINMAXINSTITUTIONPRODUCTDETAILS
0.65%$500-Navigant Credit Union2 Year CD
0.65%$500-Navigant Credit Union2 Year IRA (Traditional, Roth, CESA)
Accounts mentioned in this post. Rates as of August 29, 2016.

As stated in the CD Truth In Savings Disclosure, the Early Withdrawal Penalty reads as follow:

If your account has an original maturity of more than one year: The penalty we may impose will be greater of: (a) seven days' interest on the amount withdrawn or (b) all interest that has been earned not to exceed 180 days.

Availability

Headquartered in Smithfield, Navigant Credit Union membership is open to the residents of Rhode Island, and residents of nearby Connecticut and Massachusetts, with eligibility determined by Zip Code.

I entered a variety of Zip Codes in the online application to ascertain the geographical limits, and it seems that Connecticut and Massachusetts towns within approximately 20 miles of the Rhode Island state line qualify.

Opening a CD at Navigant CU can be done online, or at any of 14 branches located in Central Falls, Chepachet, Cumberland (2), Greenville, Lincoln, Manville, Pawtucket, Riverside, Rumford, Smithfield (2), Warren, and Woonsocket.

Credit Union Overview

Navigant Credit Union (NCUA Charter # 62882) has an "A" rating on DepositAccounts.com, with a Texas Ratio of 5.67% (excellent) based on December 31, 2014 data. In the past year, Navigant CU has increased its total deposits by $7.7 Million, an above average annual growth rate of 0.67%. Please refer to our financial overview of Navigant Credit Union for more details.

Navigant Credit Union has served the Blackstone Valley Area in Rhode Island for 100 years. With incorporation papers filed in March 1915, "La Credit Union de Notre Dame de Central Falls" became Rhode Island’s first credit union. The name reflected the credit union’s location (the basement of Notre Dame Parish), rather than an affiliation with the Parish. In the past 100 years, two name changes have happened, with both changes reflecting the growing membership. From the modest beginnings in a church basement, Navigant Credit Union has grown to become one of the largest credit unions in Rhode Island, with assets in excess of $1.5 Billion and more than 63,300 members.

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How the CD Compares

When compared to other similar length-of-term CDs tracked by DepositAccounts.com, that require a similar minimum deposit and are available to Rhode Island residents, Navigant Credit Union's 2-year CD is currently ranked at the top.

The above rates are accurate as of 4/5/2015.

To look for the best nationwide CD rates and the best CD rates in your state, please refer to our CD rates table.

Comments
Anonymous
Anonymous   |     |   Comment #1
Hmmmm.  A two year CD with an interest rate of only 1.50% does not strike me as exactly a huge 100 year celebration.  100 years old is pretty old.  I think they could have done a little bit better with that interest rate. 
Anonymous
Anonymous   |     |   Comment #2
Well I suppose 1.50% might be very good for their region of the country.
Anonymous
Anonymous   |     |   Comment #3
The interest is not good for this area.
3.15% Reward Checking Account at Navigant Credit Union in Rhode Island
Update 10/04/09: The top rate has fallen to 3.15% APY.

Navigant Credit Union is offering a reward checking account called Journe Rewards Checking. The account offers the following features if certain monthly requirements are met:
  • 3.15% APY on balances from $10 to $25,000
  • 1.01% APY on balances over $25,000
  • 0.10% base rate if qualifications are not met
  • ATM fees nationwide refunded up to $25 per cycle
The monthly requirements include:
  • 12 Visa debit card purchases
  • one direct deposit or automatic payment
  • receive e-statements
Additional features of the account regardless of the monthly requirements include:
  • $10 minimum intial deposit
  • no monthly fees
The credit...




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3.00% 6-Month CD at Navigant Credit Union in Rhode Island
Navigant Credit Union is offering a special 3.00% APY 6-month CD. Minimum deposit is $500. This rate is listed in the credit union's rate table as of 1/25/09.

I can't find the details of membership eligibility. Some general information is described in the credit union's Our Members Page:

Branches are located in the Rhode Island cities of Central Falls, Cumberland, Lincoln, Pawtucket, East Providence, Smithfield and Woonsocket.

The credit union is federally insured by the NCUA (Charter # 62882).





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