Neighborhood Credit Union (TX) Boosts 17-Month Add-On CD Rate


Deal Summary: 17-Month Online Savings CD, 3.00% APY, $1.5k minimum deposit, unlimited additional deposits ($25 minimum).

Availability: Easy membership requirement for Texas residents.

Following a 60 bps rate increase this week, the Neighborhood Credit Union (Neighborhood CU) 17-month Online Savings CD now earns 3.00% APY. The minimum opening deposit is $1.5k, with no stated balance cap.

In addition to offering a competitive rate, the 17-month Online Savings CD is also an add-on CD: unlimited additional deposits (minimum of $25) are allowed throughout the term.

As stated in the Truth-In-Savings document,

For Online Savings Certificate of Deposit accounts, all transactions are processed online or electronically only and not in the branch. Unlimited deposits are allowed via ACH or via online banking using online transfer from any account with funds availability.

The Early Withdrawal Penalty is also available in the Truth-In-Savings document and reads as follows:

For Online Savings Certificate of Deposit accounts, the amount of the early withdrawal penalty for your account is 180 days’ interest.

Funding an Online Savings CD can be done by ACH or internal transfer. Neighborhood CU participates in the CO-OP Shared Branch network, making the transfer of funds relatively simple. Maturing funds can be distributed by cashier’s check to the address on file, ACH, or transferred to a Neighborhood CU savings account. There is a ten day grace period before an Online Savings CD will automatically renew.

Adding beneficiaries can be done after an Online Savings CD is opened, using Neighborhood CU’s Online Banking platform. There’s even a one-minute video explaining how to add a beneficiary online. Name, DOB, and Social Security number are required for each designated beneficiary.


Headquartered in Dallas, Texas, Neighborhood Credit Union offers membership to all Texas residents (18 years of older) by becoming “a member of the Neighborhood Credit Union Foundation, which is automatically done for you upon approval” in the membership application.

Members of the American Consumer Council who live in the Texas counties of Dallas, Denton, Hunt, Johnson, Kaufman, Parker, Rockwall, Tarrant, or Wise are also eligible to join.

Individuals who live or work in Collin, Dallas, Denton, Ellis, or Tarrant Counties, or the City of Arlington are also qualified to join.

Individuals who live, work, worship, or attend school within a 10-mile radius of the Coppell, Grand Prairie, or Highland Village branch locations also qualify for membership.

Employees and retirees of more than 150 SEGs (including the Dallas and Arlington Districts of the United States Postal Service) qualify for membership.

Individuals who are “related to someone who fits any of the membership requirements” are membership eligible.

Joining Neighborhood CU and/or opening a 17-Month Online Savings CD can be done online. Neighborhood CU has 13 full-service Texas branches located in the Dallas-Fort Worth Metroplex, but the 17-Month Online Savings CD “exclusive rate [is] only available online.”

A $25 minimum opening deposit in a Membership Savings account establishes a Neighborhood CU membership. The $5 monthly maintenance fee only applies if the Membership Savings account is your only account and the balance falls below $500.

In addition to participating in the CO-OP Share Branch and ATM networks, Neighborhood CU participates in the MoneyPass and Allpoint ATM Networks.

Credit Union Overview

Neighborhood Credit Union has an overall health grade of "A" at, with a Texas Ratio of 2.75% (excellent) based on March 31, 2022 data. In the past year, Neighborhood CU has increased its total non-brokered deposits by $81.33 million, an excellent annual growth rate of 9.23%. Please refer to our financial overview of Neighborhood Credit Union (NCUA Charter # 67681) for more details.

Established in 1930 as the Dallas Postal Credit Union, Neighborhood Credit Union is the oldest credit union in the Dallas-Fort Worth Metroplex. By 2001, the diverse and expanded field of membership (FOM) necessitated a rebrand, with the result being Neighborhood Credit Union. With nearly 61,000 members and assets in excess of $1 billion, Neighborhood Credit Union is currently the 30th largest credit union headquartered in Texas.

How the 17-Month Online Savings CD Compares

When compared to similar length-of-term CDs tracked by that are available within the FOM and have minimum deposit requirements of $10k or less, only two banks have a higher rate than currently offered on the Neighborhood Credit Union 17-Month Online Savings CD. The following table compares the 17-Month Online Savings CD to the two highest-rate CDs from other credit unions and the two highest-rate CDs from banks.

The above information and rates are accurate as of 8/13/2022.

To look for the best CD rates, either nationwide or state-specific, please refer to our CD Rates Table page.

Related Pages: Dallas CD rates, 1-year CD rates

  |     |   Comment #1
Prefer US Tbills.
  |     |   Comment #2
Probably just a careless typo, but if you read the fine print for this particular CD on the CU's product landing page, it states a fixed rate of 2.76%......

²Rates effective August 11, 2022. Online Savings CD: Fixed interest rate at 2.76%. Rate subject to change. Minimum opening deposit is $1,500. Additional $25 minimum deposits allowed. An interest penalty is required for early withdrawal. Online certificate products must be opened online and are only eligible to those 18 years of age or older.? Fees may reduce earnings. Federally Insured by NCUA.
  |     |   Comment #3
Fixed APR of 2.76%?
Online Savings
3.00% APY²
An exclusive rate only available online with additional deposits allowed.
Already a member? Open Your CD Here
Fixed Interest Rate: 2.96%
Neighborhood Credit Union (TX) Rewards Checking Available Statewide
Deal Summary: Kasasa Cash, 1.25% APY up to $50k. Kasasa Cash Back, 3% cash back on $300 monthly debit card purchases.

Availability: Easy membership requirement for Texas residents.

My most recent blog post (2017) about Neighborhood Credit Union’s (Neighborhood CU) Kasasa Cash account focused on the doubling of the maximum qualifying balance cap to $50k. Earning 2.50% APY at that time, the Kasasa Cash was one of the most competitive rewards checking accounts in Texas (and the only Kasasa Cash account offered by a Dallas area credit...

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Neighborhood CU (TX) Doubles Kasasa Cash Balance Cap To $50k

Deal Summary: Kasasa Cash checking, 2.50% APY up to $50k.

Availability: Residents of 12 Texas counties; 100+ SEGs.

Neighborhood Credit Union (Neighborhood CU) recently doubled the maximum qualifying balance cap to $50k on its Kasasa Cash (2.50% APY). Qualifying balances of $50k+ earn 0.20% APY, with non-qualifying balances earning 0.01% APY.

The previous $25k balance cap had been in effect since early 2013, when it was raised from $15k. The 2.50% APY has remained unchanged throughout the life of the account.

Kasasa Cash Qualifying Requirements

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Neighborhood CU (TX) Offers 17-Month Online Add-On CD

Deal Summary: 17-month Online Savings CD, 1.60% APY, $1.5k minimum, additional deposits allowed.

Availability: Residents of 12 Texas counties; 100+ SEGs.

Earlier this week, Neighborhood Credit Union (Neighborhood CU) raise the rate on its 17-month Online Savings CD (1.60% APY) by 45 basis points. The minimum opening deposit is $1.5k, with no stated balance cap.

Additional deposits (minimum of $25) are allowed throughout the term of the 17-month Online Savings CD, and there is no limit on the number of additional deposits that can be made.

According to Neighborhood CU's...

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Top Reward Checking Account in Dallas at Neighborhood Credit Union

Not only have rates been falling on reward checking accounts, but balance caps have also been falling. There have been some exceptions, and one of those is the Kasasa Cash account at Neighborhood Credit Union. It actually raised the balance cap from $15K to $25K early this year. Both the balance cap and the rate have held, and the account is now a very good deal for those in the Dallas metro area. Below is a summary of the Kasasa Cash account rates and features as of 7/24/2013:

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4.15% 60-Month CD & 2.15% 12-Month CD at Neighborhood Credit Union in Texas - Local Only
Update 10/17/09: The CD rates have fallen. Please check the credit union's website for the latest rates.

Neighborhood Credit Union is offering some very competitive CD rates especially on longer terms. The best ones include a 3.15% APY 30-month CD, a 3.65% APY 48-month CD and a 4.15% APY 60-month CD. The mid-term CDs are not quite as good, but they're still quite competitive with a 2.15% APY for a 12 and 18 month term. Minimum deposit is $50,000. The rates are 15 basis points lower for a $2,500 minimum. The...

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