NavyArmy Community Credit Union (TX) Jumbo CDs Remain Competitive

POSTED ON BY

Deal Summary: Jumbo CDs ($100k min) – 1-year, 1.10% APY; 2-year, 1.15% APY; 3-year, 1.20% APY.

Availability: Residents of eight South Texas counties.

About a year ago, I wrote about the competitive 1-year Jumbo CD offered by NavyArmy Community Credit Union (NavyArmy). While NavyArmy has been offering Jumbo CDs for only about 18 months, the 1-, 2-, and 3-year Jumbo CDs have maintained competitive rates throughout that time frame, as the majority of CD rates dropped. The non-Jumbo CDs have been part of the product line for more than 11 years and earn APYs a uniform 10 bps lower.

APYMINMAXINSTITUTIONPRODUCTDETAILS
1.20%$100k-Navy Army Community Credit Union3 Year Jumbo CD
1.15%$100k-Navy Army Community Credit Union2 Year Jumbo CD
1.10%$1k$100kNavy Army Community Credit Union3 Year CD
1.10%$100k-Navy Army Community Credit Union1 Year Jumbo CD
1.05%$1k$100kNavy Army Community Credit Union2 Year CD
1.00%$1k$100kNavy Army Community Credit Union1 Year CD
Rates as of October 17, 2021.

The 1-year and 2-year CDs are also offered as IRA CDs (Traditional, Roth, CESA), earning the same APYs with the same deposit requirements.

APYMINMAXINSTITUTIONPRODUCTDETAILS
1.15%$100k-Navy Army Community Credit Union2 Year Jumbo IRA (Traditional, Roth, CESA)
1.10%$100k-Navy Army Community Credit Union1 Year Jumbo IRA (Traditional, Roth, CESA)
1.05%$1k$100kNavy Army Community Credit Union2 Year IRA (Traditional, Roth, CESA)
1.00%$1k$100kNavy Army Community Credit Union1 Year IRA (Traditional, Roth, CESA)
Rates as of October 17, 2021.

As stated in NavyArmy’s Member Account Agreement, the Early Withdrawal Penalty (EWP) for 1-year and 2-year Jumbo CDs reads as follows:

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

The EWP for the 3-year Jumbo is substantially higher:

The penalty we may impose will equal 365 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 community-based, with individuals who live, work, worship, or attend school in the South Texas counties of Aransas, Bee, Cameron, Hidalgo, Jim Wells, Kleberg, Nueces, or San Patricio, eligible for membership.

Joining NavyArmy and/or open a CD can be done online or at any of the 19 Texas branches, located in Aransas, Beeville, Brownsville, Calallen, Corpus Christi (8), 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.

All locations (including branch lobbies) and Real Estate Center are open. We are open at limited occupancy and ask that only one additional guest be present during your visit. Please continue to utilize our remote services whenever possible.

Opening and maintaining a Basic Savings account with a minimum $25 balance is required to become and remain a NavyArmy member in good standing.

Credit Union Overview

NavyArmy Community Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas ratio of 5.28% (excellent) based on June 30, 2021 data. In the past year, NavyArmy has increased its total non-brokered deposits by $432.92 million, an excellent annual growth rate of 14.26%. 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 more than 203,000 members and assets in excess of $3.9 billion.

How the Jumbo CDs Compare

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 1-year Jumbo CD APY currently ranks first, regardless of minimum deposit requirements.

Interest RateCD Length of TermCredit Union/Bank
1.10% APY1-Year Jumbo CD ($100k min) NavyArmy Community Credit Union
1.02% APY12-Month CD ($1k min)CoastLife Credit Union
1.00% APY1-Year CD ($1k min) NavyArmy Community Credit Union
0.80% APY1-Year Fixed CD ($500 min)Lafayette Federal Credit Union

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.

Interest RateCD Length of TermCredit Union/Bank
1.21% APY24-Month Share Certificate ($500 min)Gulf Coast Federal Credit Union
1.16% APY24-Month CD ($1k min)CoastLife Credit Union
1.15% APY2-Year Jumbo CD ($100k min) NavyArmy Community Credit Union
1.11% APY29-Month Jumbo CD ($99k min)Hughes Federal Credit Union
1.05% APY1-Year CD ($1k min) NavyArmy Community Credit Union

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 3-year Jumbo CD APY currently ranks third, regardless of minimum deposit requirements.

Interest RateCD Length of TermCredit Union/Bank
1.26% APY36-Month Share Certificate ($500 min)Gulf Coast Federal Credit Union
1.21% APY36-Month Jumbo CD ($99k min)Hughes Federal Credit Union
1.20% APY3-Year Jumbo CD ($100k min) NavyArmy Community Credit Union
1.15% APY3-Year CD ($1k min) NavyArmy Community Credit Union

The above information and rates are accurate as of 10/6/2020.

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, 1-year CD rates, 5-year CD rates

Comments
NavyArmy Community Credit Union (TX) 1-Yr CD Offers Competitive Rate
Deal Summary: 1-year Jumbo CD, 1.20% APY, $100k minimum deposit; 1-year CD, 1.10% APY, $1k minimum deposit.

Availability: Residents of eight South Texas counties.

A “New to Summary” CD in this week’s CD Rates Summary is the 1-year Jumbo (1.20% APY, $100k minimum) offered by NavyArmy Community Credit Union (NavyArmy). Added to the product line about six months ago, the 1-year Jumbo CD initially earning 1.50% APY. Two rates drops (in June and September) resulted in the current 1.20% APY. The 1-year CD (1.10% APY, 1k minimum)...

Continue Reading
NavyArmy Community CU Has Competitive 2-Year Jumbo CD
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...

Continue Reading
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

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.