Neighbors Federal Credit Union Offers Top 36-Month CD, 3.37% APY

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Deal Summary: Share Certificates – 9-month (2.70% APY), 36-month (3.37% APY), 60-month (3.57% APY), $1.5k minimum deposit.

Availability: Residents of nine Louisiana parishes.

Neighbors Federal Credit Union (Neighbors FCU) is currently offering competitive rates on several of its Share Certificates: 9-month (2.70% APY), 36-month (3.37% APY), and 60-month (3.57% APY). Any of the Share Certificates can be opened with a $1.5k minimum deposit. While there is no stated balance cap, the online application limits the deposit to $50k. CSR stated larger deposits can be accommodated in-branch or by phone.

APYMINMAXINSTITUTIONPRODUCTDETAILS
3.23%$1.5k-Neighbors Federal Credit Union60 Month Share Certificate
3.23%$1.5k-Neighbors Federal Credit Union60 Month IRA Certificate (Traditional, Roth, CESA)
3.15%$1.5k-Neighbors Federal Credit Union36 Month Share Certificate
3.15%$1.5k-Neighbors Federal Credit Union36 Month IRA Certificate (Traditional, Roth, CESA)
2.45%$1.5k-Neighbors Federal Credit Union9 Month IRA Certificate Special (Traditional, Roth, CESA)
Rates as of July 18, 2019.

The Share Certificates are also available as IRAs, (Traditional, Roth, CESA), earning the same APYs with the same funding requirements.

The Early Withdrawal Penalty is not listed on Neighbors FCU’s website, but CSR kindly sent me a copy, which reads as follows:

For Term Share Certificates with a remaining term of 730 days or less, the early withdrawal penalty will be an amount equal to 50% of the remaining dividends that would have been paid on the amount withdrawn had the early withdrawal not occurred.

For Term Share Certificates with a remaining term greater than 730 days, the early withdrawal penalty will be an amount equal to 5% of the amount being withdrawn.

Availability

Headquartered in Baton Rouge, Louisiana, Neighbors Federal Credit Union’s field of membership (FOM) is residency based, with individuals who live, work, worship, or attend school in any of the following Louisiana parishes eligible to join.

Ascension, East Baton Rouge, East Feliciana, Iberville, Livingston, Pointe Coupee, Saint Helena, West Baton Rouge, or West Feliciana.

Immediate family members of eligible individuals are also eligible to apply.

Joining Neighbors FCU and/or opening a Share Certificate can be done online, or at any of 14 Louisiana branches located in Baton Rouge (7), Denham Springs (2), Port Allen (2), Prairieville, Walker, and Zachary.

Credit Union Overview

Neighbors Federal Credit Union has an overall health grade of "B+" at DepositAccounts.com, with a Texas Ratio of 5.56% (excellent) based on September 30, 2018 data. Neighbors FCU has an average capitalization level (9.11%), the result of holding $851.78 million in assets with $77.6 million in equity. Please refer to our financial overview of Neighbors Federal Credit Union (NCUA Charter # 9229) for more details.

Neighbors Federal Credit Union is currently Louisiana’s third largest credit union, with more than 73,000 members and assets in excess of $851 million. Originally known as Baton Rouge Teachers Federal Credit Union, the Credit Union was established in 1954 by five teachers with an initial deposit of $150 – stored in a shoe box. A committed supporter of the community, Neighbors FCU was the primary sponsor for the tenth year in a row for “Pat’s Coats for Kids”, which collected $94,000 and more nearly 7,500 donated coats.

How the Share Certificates Compare

When compared to 222 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available within the FOM, Neighbors Federal Credit Union's 36-month Share Certificate APY currently ranks first.

When compared to 199 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available within the FOM, Neighbors Federal Credit Union's 60-month Share Certificate APY currently ranks second.

When compared to 215 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available within the FOM, Neighbors Federal Credit Union's 9-month Share Certificate APY currently ranks second.

The above rates are accurate as of 3/1/2019.

To look for the best CD rates, both nationwide and in your state, please refer to our CD Rates Table page.

Related Pages: Baton Rouge CD rates, 1-year CD rates, 5-year CD rates

Comments
Top CD and IRA CD Rates at Neighbors FCU in Louisiana - Local Only

Neighbors Federal Credit Union has several competitive rates on its Jumbo share certificates. Minimum deposit is $100,000. Rates are 25 basis points lower for the regular share certificates which have minimum deposit of $1,500. The same rates are also available for IRA certificates. Below is a summary of the rates as listed in the Jumbo certificates page as of 11/24/2010:

  • 1.26% APY 6 months
  • 1.51% APY 1 year
  • 2.02% APY 2 years
  • 2.53% APY 3 years
  • 2.78% APY 4 years
  • 3.30% APY 5 years

As a comparison to internet banks on 11/24/2010, the best 5-year CD rate...

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2.25% 12-Month CD & 2.75% 24-Month CD at Neighbors FCU in Louisiana - Local Only
Neighbors Federal Credit Union has several competitive rates on its Jumbo share certificates. Minimum deposit is $100,000. Rates are 0.25% lower for the regular share certificates which have minimum deposit of $1,500. The same rates are also available for IRA certificates. Below is a summary of the rates as listed in the Jumbo certificates page as of 8/26/09:
  • 2.01% APY 6 months
  • 2.25% APY 12 months
  • 2.75% APY 24 months
  • 3.00% APY 36 months
  • 3.25% APY 48 months
  • 3.50% APY 60 months
The credit union also offers a high yield reward checking account (see post).

Membership is open...


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High-Yield Reward Checking Account at Neighbors Federal Credit Union in Louisiana - Local Only

Neighbors Federal Credit Union is offering a reward checking account with the following rates and features if certain monthly requirements are met:

  • 3.51% APY on balances up to $10,000
  • 0.50% on portion of balances above $10,000
  • 0.05% base rate if qualifications are not met
  • Refunds ATM fees nationwide up to $4.99 per transaction

The monthly requirements include:

  • 10 Visa check card purchases
  • One direct deposit or automatic payment
  • Receive e-statements

Additional features of the account regardless of the monthly requirements include:

  • No minimum balance requirement
  • No monthly service charge
  • Free Online Bill Pay

The credit union has an online application from andera.com which...

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6.17% 9-Month CD at a Louisiana CU - IRA (Neighbors).
Update 4/19/08: The special IRA CD has ended.

Neighbors Federal Credit Union has a special IRA certificate with a yield of 6.17% APY and a term of 9 months. The minimum deposit is $1,500. There's also a special 9-month Jumbo IRA certificate with a yield of 6.43% APY. This has a minimum deposit of $100,000. According to the small print, this IRA special is only available on new IRA funds deposited through 4/15/2008. However, it also states that rates are subject to change. So with yet another big Fed rate cut...

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