NavyArmy CCU Increases Rates On 2- And 3-Year CDs

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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).

APYMINMAXINSTITUTIONPRODUCTDETAILS
2.00*%$100k-Navy Army Community Credit Union3 Year Term Share Account
1.75*%$100k-Navy Army Community Credit Union2 Year IRA Term Share (Traditional, Roth, CESA)
1.50*%$100k-Navy Army Community Credit Union2 Year Term Share Account
Accounts mentioned in this post. Rates as of July 27, 2016.

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

The 2-Year Term Share Account is also offered as an IRA (Traditional, Roth, CESA) earning 1.75% APY for balances of $100K+ and 1.60% APY for balances <$100K. The 3-Year Term Share Account is not available as an IRA.

As stated in NavyArmy’s Member Account Agreement, the Early Withdrawal Penalties read as follows:

2-Year - The penalty we may impose will equal 180 days interest whether earned or not.
3-Year - The penalty we may impose will equal 365 days interest whether earned or not.

Liberty Checking

NavyArmy’s Liberty Checking has maintained its 3.51% APY (on qualifying balances up to $25K) for almost four years. This fee-free RCA requires a minimum opening deposit of $20, with only one Liberty Checking account per household.

APYMINMAXINSTITUTIONPRODUCTDETAILS
3.51*%-$25kNavy Army Community Credit UnionLiberty Checking Share Draft
Accounts mentioned in this post. Rates as of July 27, 2016.

Monthly requirements for qualifying balances are:

  • At least 10 debit card transactions.
  • At least one monthly Direct Deposit to, OR,
  • At least one monthly ACH payment from the account.
  • Enroll in and receive Electronic Statements

Availability

Headquartered in Corpus Christi, Texas, NavyArmy Community Credit Union’s name suggests a field of membership with a military relationship requirement. In fact, it’s a community-based credit union, 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 can be done online or at any of 19 Texas branches located in Beeville, Brownsville, Corpus Christi (11), Edinburg, Kingsville, McAllen, Mission, Portland, and Rockport.

While NavyArmy does have several online banking features for account management (including POPmoney), opening a CD requires an in-person to any of the above mentioned branch locations.

Credit Union Overview

NavyArmy Community Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas ratio of 5.78% (excellent) based on September 30, 2015 data. In the past year, NavyArmy has increased its total deposits by $125 Million, an excellent annual growth rate of 6.42%. Please refer to our financial overview of Navy Arm Community Credit Union for more details.

NavyArmy Community Credit Union (NCUA Charter # 68615) 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 when a state charter was granted in 2011, which also allowed NavyArmy to expand into two additional counties in the Rio Grande Valley. NavyArmy is South Texas’ largest credit union, with more than 140,700 members and assets in excess of $2.3 Billion.

How the CDs Compare

When compared to the 453 similar length-of-term CDs tracked by DepositAccounts.com that are available to Texas residents, NavyArmy Community Credit Union's 2-year Term Share Accounts (100K+ and <$100K) currently rank in the top five.

When compared to the 421 similar length-of-term CDs tracked by DepositAccounts.com that are available to Texas residents, NavyArmy Community Credit Union's 3-year Term Share Accounts (100K+ and <$100K) currently rank in the top three.

The above rates are accurate as of 12/24/2015.

To search for nationwide CD rates and CD rates in your state, please refer to the CD rates section of DepositAccounts.com.

Comments


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...

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Top 30-Month CD Rate Continues at Navy Army Community Credit Union in Texas - Local Only

I was surprised last December when I saw Navy Army Community Credit Union offering a 3.00% APY 30-month CD. It's amazing that this credit union continues to offer this CD which is the best CD deal in the nation. Minimum deposit is $1,000, and the maximum is $500,000. Its shorter-term CDs are also 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...

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Top Mid-Term CD Rate at NavyArmy Federal Credit Union in Texas - Local Only

Finding 3 percent CDs is very difficult these days. It's even hard to find these CDs with terms of 7 and 10 years. That's why I was surprised when I noticed the new 30-month 3.00% APY CD from NavyArmy Federal Credit Union. The credit union's CDs had been limited to terms of 2 years and shorter. These shorter-term CDs are also competitive. The jumbo CD rates are 2.00% APY for 2 years, 1.60% APY for 1 year and 1.15% APY for 6 months. These have a minimum deposit of $100,000....

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Top CD and Reward Checking Rates Continue at Navy Army FCU in SE Texas - Local Only

Navy Army Federal Credit Union continues to list competitive certificate rates, money market rates and reward checking rates. The CD rates have held since my June post. The best CD rate is a 2.40% APY for a 2-year term. Below is the full list of CD rates as shown on the credit union's rates page as of the morning of 8/20/10:

Term      APY $1K Min   APY $100K Min
3 month 1.50% 1.55%6...
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Top CD, Money Market and Reward Checking Rates at NavyArmy FCU in TX - Local Only

Navy Army Federal Credit Union continues to list competitive certificate rates, money market rates and reward checking rates. The top CD rate is a 2.40% APY for a 2-year term. Below is the full list of CD rates as shown on the credit union's rates page as of the morning of 6/21/10


Term APY $1K Min APY $100K Min
3 month 1.50% 1.55%6 month 1.60%...

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