NavyArmy Community CU Has Competitive 2-Year Jumbo CD

POSTED ON BY

Deal Summary: 2-year Jumbo CD, 1.45% APY, $100k minimum deposit; 2-year CD, 1.35% APY, $1k minimum deposit.

Availability: Residents of eight South Texas counties.

Another “New to Summary” CD in yesterday’s CD Rates Summary is the 2-year Jumbo (1.45% APY, $100k minimum) offered by NavyArmy Community Credit Union (NavyArmy). The 2-year Jumbo CD was added to the product line about four months ago, initially earning 1.60% APY. The rate dropped to the current 1.45% APY in early June. The 2-year CD (1.35% APY, 1k minimum) has a much longer history, having been part of the product for more than 10 years.

APYMINMAXINSTITUTIONPRODUCTDETAILS
1.30%$100k-Navy Army Community Credit Union2 Year Jumbo CD
1.30%$100k-Navy Army Community Credit Union2 Year Jumbo IRA (Traditional, Roth, CESA)
1.20%$1k$100kNavy Army Community Credit Union2 Year IRA (Traditional, Roth, CESA)
1.20%$1k$100kNavy Army Community Credit Union2 Year CD
Rates as of September 26, 2020.

The 2-year CDs are also offered as IRA CDs (Traditional, Roth, CESA), earning the same APYs with the same deposit requirements.

As stated in NavyArmy’s Member Account Agreement, the Early Withdrawal Penalty (EWP) for the 2-year CD and Jumbo CD reads as follows:

The penalty we may impose will equal 180 days interest whether earned or not.

Funding a CD can be done by ACH, wire transfer, or check. There is a seven-day grace period before a CD automatically renews. If you opt not to renew the CD, “your funds will be placed in a dividend-bearing account, unless otherwise specified.”

Availability

Headquartered in Corpus Christi, Texas, NavyArmy Community Credit Union’s current field of membership (FOM) has no relationship with any branch of the military. Instead, the FOM is residency-based, with individuals who live, work, worship, or attend school in the South Texas counties of Aransas, Bee, Cameron, Hidalgo, Jim Wells, Kleberg, Nueces, and San Patricio eligible for membership.

Joining NavyArmy and/or open a CD can be done online or at any of the 18 Texas branches, located in Beeville, Brownsville, Corpus Christi (9), Edinburg, Kingsville, McAllen, Mission, Portland, Rockport, and Weslaco.

Effective immediately all guests and members will be required to wear a face mask when visiting a branch.

NavyArmy’s website has an Inclement Weather Information page, but as of yesterday, no branch closures were listed as Hurricane Laura approaches.

A savings account with a balance of at least $25.00 must be maintained in order to remain a member of NavyArmy.

Credit Union Overview

NavyArmy Community Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas ratio of 4.75% (excellent) based on March 31, 2020 data. In the past year, NavyArmy has increased its total non-brokered deposits by $166.78 million, an excellent annual growth rate of 6.2%. Please refer to our financial overview of NavyArmy Community Credit Union (NCUA Charter # 68615) for more details.

NavyArmy Community Credit Union was chartered in 1955 as the Naval Employees Corpus Christi Federal Credit Union. After a couple of name changes, the Credit Union adopted its present name in 2011, following the change to a state charter that allowed NavyArmy to expand into two additional Rio Grande Valley counties. NavyArmy is currently the fifth largest credit union in Texas, with nearly 194,000 members and assets in excess of $3.3 billion.

How the Jumbo CD Compares

When compared to the similar length-of-term CDs tracked by DepositAccounts.com that require are available within the FOM, NavyArmy Community Credit Union's 2-year Jumbo CD APY currently ranks third, regardless of minimum deposit requirements.

The above rates are accurate as of 8/26/2020.

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

Related Pages: Corpus Christi CD rates, Harlingen CD rates, 5-year CD rates

Comments
NavyArmy Community Credit Union (TX) Liberty Checking Is Rate Leader
Deal Summary: Liberty Checking, 3.01% APY on qualifying balances up to $25k.

Availability: Residents of eight South Texas counties.

It’s been ten years since I last wrote about NavyArmy Community Credit Union’s (NavyArmy) Liberty Checking account. This rewards checking account currently earns 3.01% APY on qualifying balances up to $25k. Qualifying balances over $25k earn 0.50% APY, with non-qualifying balances earning 0.10% APY.

The Liberty Checking account was added to NavyArmy’s product line in 2009, with an initial rate of 4.51% APY. While the qualifying balance cap...

Continue Reading
NavyArmy Community Credit Union Ups 30-Month CD
Deal Summary: CD Specials – 13-month (2.83% APY) and 30-month (3.33% APY), $1k minimum deposit.

Availability: Residents of eight South Texas counties.

It’s only been three months since NavyArmy Community Credit Union (NavyArmy) offered a 30-month CD earning 2.75% APY. In early June, that rate was increased to 3.00% APY. Last week, NavyArmy re-named that product, calling it a CD Special, and boosted the APY to 3.33%. NavyArmy also added 58 bps to its 13-month CD Special, which now earns 2.83% APY. Either CD Special can...

Continue Reading
NavyArmy Community Credit Union (TX) Adds 30-month CD
Deal Summary: 30-month CD, 2.75% APY, $1k minimum deposit

Availability: Residents of eight South Texas counties

It’s been more than two years since my last blog post on NavyArmy Community Credit Union (NavyArmy), simply because there haven’t been any good deals available. The addition of a 30-month CD (2.75% APY) to the product line last week is definitely worth writing about. This new 30-month CD can be opened with a $1k minimum deposit, and there is no stated balance cap.

As stated in NavyArmy’s Member Account Agreement,...

Continue Reading
NavyArmy CCU Increases Rates On 2- And 3-Year CDs
Availability: Residents of eight South Texas counties

NavyArmy Community City Union (NavyArmy) has had a busy week: the announcement of a 10% Bonus Dividend for 2015 being paid (thanks to PearlBrown for letting us know about that good news), and an increase in the rates for its 2-Year Term Share Account (1.75% APY) and 3-Year Term Share Account (2.25% APY).

The minimum deposit to earn the stated APYs is $100K, with no balance cap. Minimum deposits of $1-$99,999K earn APYs 25 basis...

Continue Reading
Best CD in America has a Rate Cut - Navy Army Community CU in Texas - Local Only

The rate has fallen, but it remains a great deal. It's the 30-month CD at Navy Army Community Credit Union. Most of last year it had a 3.00% APY. On Monday the yield fell to 2.50%. Minimum deposit is $1,000, and the maximum is $500,000. The credit union shorter-term CDs are still very competitive. These include a 1.45% APY 1-year CD and a 1.85% APY 2-year CD. Minimum deposit is $100,000. Rates are 10 basis points lower for a $1,000 minimum deposit. These rates are listed in the credit union's...

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.