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Rave Financial

Rave Financial


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/19/2025
4.54%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/19/2025
4.20%
Our Rating
3.6  / 5
Jenius Bank
Jenius Savings Account
See Offer
Sponsored Note: FDIC Insured. No fees or minimums. 24/7 U.S-based support.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/19/2025
3.80%
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms Apply. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/19/2025
4.46%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/19/2025
3.70%
Our Rating
4.3  / 5
American Express®
High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/19/2025
4.50%
Our Rating
4.1  / 5
BrioDirect
High-Yield Savings
See Offer
Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/19/2025
4.30%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Get up to a $300 Cash Bonus. FDIC Insured. See site for details.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/19/2025
4.39%
Our Rating
3.6  / 5
Valley National Bank
High-Yield Savings Account Via Raisin
See Offer
Sponsored Note: Valley National Bank, Member FDIC. $1 minimum, with no fees to open and maintain through Raisin. $250 bonus for new customers with a minimum deposit of $25,000 with promo code GET250.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/19/2025
4.25%
Our Rating
3.7  / 5
Sallie Mae Bank
14 Month High-Yield CD Via Raisin
See Offer
Sponsored Note: Sallie Mae Bank, Member FDIC. $1 minimum, with no fees to open and maintain through Raisin. $250 bonus for new customers with a minimum deposit of $25,000 with promo code GET250.
Member FDIC
Bonus Amount
up to $300
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Overview / Commentary
bankwithrave.com
800-892-1111
3535 Calder Ave
Beaumont, TX 77706

Rave Financial is headquartered in Beaumont and is the 32nd largest credit union in the state of Texas. It is also the 419th largest credit union in the nation. It was established in 1935 and as of December of 2024, it had grown to 294 employees and 81,401 members at 14 locations. Rave Financial's CD rates are 5X the national average, and it has an A health rating.

Field of Membership Restrictions

Membership in Rave Financial is open to those who live, work, worship, or attend school in the Texas counties of Chambers, Hardin, Jasper, Jefferson, Liberty, Newton, Orange, Galveston, Tyler, Harris, Polk, Montgomery, San Jacinto, Sabine, Angelina or San Augustine.
See current membership details

Reviews

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Health
A

Data as of Q4 2024

Learn why bank health matters

Health Grade Components

Overall
NCUA #68735
Year Chartered1935
Employees294
Primary Regulator
Profit Margin
Return on Assets - YTD0.41%
Return on Equity - YTD3.04%
Annual Interest Income$50.2MM
Assets and Liabilities
AssetsQ4 2024vs Q4 2023$1.08B$1.11B
LoansQ4 2024vs Q4 2023$835.8MM$816.9MM
DepositsQ4 2024vs Q4 2023$837.9MM$855.3MM
Equity CapitalQ4 2024vs Q4 2023$146.3MM$141.8MM
Loan Loss AllowanceQ4 2024vs Q4 2023$10.3MM$12.2MM
Unbacked Noncurrent LoansQ4 2024vs Q4 2023$5.7MM$6.5MM
Real Estate OwnedQ4 2024vs Q4 2023$0$0
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/19/2025
4.54%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/19/2025
4.20%
Our Rating
3.6  / 5
Jenius Bank
Jenius Savings Account
See Offer
Sponsored Note: FDIC Insured. No fees or minimums. 24/7 U.S-based support.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/19/2025
3.80%
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms Apply. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/19/2025
4.46%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/19/2025
3.70%
Our Rating
4.3  / 5
American Express®
High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/19/2025
4.50%
Our Rating
4.1  / 5
BrioDirect
High-Yield Savings
See Offer
Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/19/2025
4.30%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Get up to a $300 Cash Bonus. FDIC Insured. See site for details.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/19/2025
4.39%
Our Rating
3.6  / 5
Valley National Bank
High-Yield Savings Account Via Raisin
See Offer
Sponsored Note: Valley National Bank, Member FDIC. $1 minimum, with no fees to open and maintain through Raisin. $250 bonus for new customers with a minimum deposit of $25,000 with promo code GET250.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/19/2025
4.25%
Our Rating
3.7  / 5
Sallie Mae Bank
14 Month High-Yield CD Via Raisin
See Offer
Sponsored Note: Sallie Mae Bank, Member FDIC. $1 minimum, with no fees to open and maintain through Raisin. $250 bonus for new customers with a minimum deposit of $25,000 with promo code GET250.
Member FDIC
Bonus Amount
up to $300
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Rave Financial Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%$5-Share Savings Account
0.20%$25-Christmas Saver
0.20%$25-Vacation Saver
0.20%$0$500Business Savings

Rave Financial Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.80%*$25k*-Money Market Account
OTHER TIERS: 0.40% → $0 - $10k | 0.60% → $10k - $25k
0.80%*$25k*-Business Flex Money Market
OTHER TIERS: 0.40% → $0 - $10k | 0.60% → $10k - $25k

Rave Financial Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
6.10%*$1k*$35kChecking Account
OTHER TIERS: 0.50% → $35k+
6.10%*$1k*$35kBusiness Checking Account
OTHER TIERS: 0.50% → $35k+

Rave Financial CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.50%$1k-12 Month CD
4.50%$5k-Business 12 Month CD
4.25%$1k-6 Month CD
4.25%$250-6 Month Smart Teen CD
4.25%$5k-Business 6 Month CD
3.50%$1k-18 Month CD
3.50%$1k-24 Month CD
3.50%$1k-3 Year CD
3.50%$1k-4 Year CD
3.50%$1k-5 Year CD
3.50%$5k-Business 3 Year CD
3.50%$5k-Business 4 Year CD
3.50%$5k-Business 5 Year CD
3.50%$5k-Business 18 Month CD
3.50%$5k-Business 24 Month CD
2.50%$1k-3 Month CD
2.50%$5k-Business 3 Month CD

Rave Financial IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.50%$1k-12 Month IRA
4.25%$1k-6 Month IRA
3.50%$1k-18 Month IRA
3.50%$1k-24 Month IRA
3.50%$1k-3 Year IRA
3.50%$1k-4 Year IRA
3.50%$1k-5 Year IRA
2.50%$1k-3 Month IRA
0.20%$500-IRA Savings
Locations

Availability



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