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.
|0.65%||$500||-||Navigant Credit Union||2 Year CD (New Money Only)|
|0.65%||$500||-||Navigant Credit Union||2 Year IRA (Traditional, Roth, CESA)|
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maturity of more than one year: The penalty we may impose will be greater of: (a) seven days' interest on the amount withdrawn or (b) all interest that has been earned not to exceed 180 days.
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..
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.