TEXAR Federal Credit Union Boosts Short-Term CD Rates

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Deal Summary: Share Certificates – 18-month (1.50% APY) and 12-month (1.20% APY), $1k minimum deposit.

Availability: Residents/businesses in the Texas counties of Bowie, Cass, Lamar, and Red River, and the Arkansas counties of Little River and Miller.

About four months ago, TEXAR Federal Credit Union (TEXAR) added a substantial 40 bps to its 18-month Share Certificate, boosting the rate to 1.25% APY. Over the weekend, the 18-month Share Certificate’s rate was increased by 25 bps, resulting in a rate-leading APY of 1.50%. The minimum opening deposit is $1k, with each individual member limited to a maximum deposit of $1 million.

APYMINMAXINSTITUTIONPRODUCTDETAILS
1.50%$1k$1mTEXAR Federal Credit Union18 Month Share Certificate
1.50%$1k$1mTEXAR Federal Credit Union18 Month IRA (Traditional, Roth)
Rates as of January 26, 2022.

TEXAR Share Certificates are also available as IRA Certificates (Traditional, Roth), earning the same APYs with the same deposit requirements.

The other competitive Share Certificate in TEXAR’s product line is the 12-month, which has been offering 1.20% APY since late October. Like the 18-month, the 12-month can be opened with a minimum $1k deposit, with a maximum deposit of $1 million.

APYMINMAXINSTITUTIONPRODUCTDETAILS
1.20%$1k$1mTEXAR Federal Credit Union12 Month Share Certificate
1.20%$1k$1mTEXAR Federal Credit Union12 Month IRA (Traditional, Roth)
Rates as of January 26, 2022.

According to CSR, the Early Withdrawal Penalty (EWP) is based on the amount of time left before the Share Certificate’s maturity date. With less than one year remaining until maturity, the EWP is 90 days of dividends on the amount being withdrawn. With more than one year remaining until maturity, the EWP is 180 days of dividends on the amount being withdrawn.

Availability

Headquartered in Texarkana, Texas, TEXAR Federal Credit Union’s community-based field of membership (FOM) is unusual, as the largest municipality it serves (Texarkana) is bisected by the Texas/Arkansas border.

Individuals (as well as businesses) who live, work, worship, attend school, or conduct business in the Texas counties of Bowie, Cass, Lamar, or Red River, or the Arkansas counties of Little River or Miller are eligible for membership.

Joining TEXAR and/or opening a Share Certificate can be done over the phone (903.223.0000). Current TEXAR members can open a Share Certificate by using TEXAR’s Anywhere Access online banking platform. The three full-service Texas branches, located in Atlanta, New Boston, and Texarkana, are open to walk-in traffic during normal business hours. The remainder of the TEXAR branches are now function as MyTEXAR Teller locations.

One exciting technology is MyTEXAR Tellers. This service gives our members convenient, extended access to a teller at any TEXAR drive-thru or any stand-alone location. Our members have the ability to choose to speak to a teller or use the ATM function. ATM transactions operate just as you would expect at any ATM.

MyTEXAR Tellers allow us to serve you from the hours of 8am- 6pm Monday-Friday and 9am -12pm on Saturday! Visit our locations page to find a MyTEXAR Teller near you!

Opening a Regular Share Savings account (minimum $25 deposit) is required to establish and maintain a TEXAR membership.

Credit Union Overview

TEXAR Federal Credit Union has an overall health grade of "A+" at DepositAccounts.com, with a Texas Ratio of 0.65% (excellent) based on September 30, 2021 data. In the past year, TEXAR has increased its total non-brokered deposits by $68.26 million, an excellent annual growth rate of 25.9%. Please refer to our financial overview of TEXAR Federal Credit Union (NCUA Charter # 24567) for more details.

Established in 1951, TEXAR Federal Credit Union was originally known as the Bowie County Teachers Credit Union. As its FOM expanded and diversified, the Credit Union went through three rebrand: Bowie-Cass Teachers Credit Union (1964), the Teachers Federal Credit Union (1996), and finally, TEXAR Federal Credit Union (2001). With more than 31,000 members and assets in excess of $430 million, TEXAR is currently the 65th largest credit union headquartered in Texas.

How the Share Certificates Compare

When compared to the similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available within the FOM, TEXAR Federal Credit Union’s 18-month Share Certificate APY currently ranks first.

Interest RateCD Length of TermCredit Union/Bank
1.50% APY18-Month Share CertificateTEXAR Federal Credit Union
1.10% APY16-Month CDConsumers Credit Union (IL)
1.01% APY18-Month CDRed River Credit Union

When compared to the similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available within the FOM, TEXAR Federal Credit Union’s 12-month Share Certificate APY currently ranks first.

Interest RateCD Length of TermCredit Union/Bank
1.20% APY12-Month Share CertificateTEXAR Federal Credit Union
1.00% APY12-Month CDPoppy Bank
0.96% APY12-Month CDRed River Credit Union

The above information and rates are accurate as of 1/10/2022.

To search for the best CD rates, both nationwide and state-specific, please refer to our CD Rates Table, page.

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

Comments


TEXAR Federal Credit Union (TX/AR) Hikes 12-Month CD Rate
Deal Summary: 12-month Share Certificate, 1.20% APY, $1k minimum deposit.

Availability: Residents of the Texas counties of Bowie, Cass, Lamar, and Red River, and the Arkansas counties of Little River and Miller.

In the past two years. TEXAR Federal Credit Union (TEXAR) has been one of the most prolific producers of excellent CD rates. Following last month’s 40 bps increase on its 18-month Share Certificate (1.25% APY), TEXAR just added 40 bps to its 12-month Share Certificate, boosting the rate to a very competitive 1.20% APY....

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TEXAR Federal Credit Union Boosts 18-Month CD Rate
Deal Summary: 18-month Share Certificate (1.25% APY), $1k minimum deposit.

Availability: Residents of the Texas counties of Bowie, Cass, Lamar, and Red River, and the Arkansas counties of Little River and Miller.

A year ago, TEXAR Federal Credit Union (TEXAR) restructured its Share Certificates by offering the same APY on term lengths. The “uni-rates” lasted approximately four months before the APYs went their separate ways. Over the weekend, TEXAR added a substantial 40 bps to its 18-month Share Certificate, resulting in a 1.25% APY....

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TEXAR Federal Credit Union Raises CD Rates
Deal Summary: 24-month Share Certificate (1.50% APY), 18-month Share Certificate (1.15% APY), $1k minimum deposit.

Availability: Residents of the Texas counties of Bowie, Cass, Lamar, and Red River, and the Arkansas counties of Little River and Miller.

About eight months ago, TEXAR Federal Credit Union (TEXAR) restructured its Share Certificates by offering the same APY on all term lengths. The “uni-rates” lasted approximately four months before going their separate ways. At the beginning of the month, TEXAR added a healthy 25 bps to the 24-month...

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TEXAR Federal Credit Union CDs Have Modest Rate Increases
Deal Summary: 6-, 12-, 18-, 24-, 36-, and 48-month Share Certificates, 1.25% APY, $1k minimum deposit.

Availability: Residents of the Texas counties of Bowie, Cass, Lamar, and Red River, and the Arkansas counties of Little River and Miller.

About two months ago, TEXAR Federal Credit Union (TEXAR) restructured its Share Certificate by offering the same 1.21% APY on all Share Certificates. Earlier this week, TEXAR raised the “uni-rate” to 1.25% APY. The minimum opening deposit is $1k, with each individual member limited to a maximum...

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TEXAR Federal Credit Union Offers One Competitive Rate On All CDs
Deal Summary: 6-, 12-, 18-, 24-, 36-, and 48-month Share Certificates, 1.21% APY, $1k minimum deposit.

Availability: Residents of the Texas counties of Bowie, Cass, Lamar, and Red River, and the Arkansas counties of Little River and Miller.

As interest rates have fallen this year, many institutions have flattened their rates by making the largest cuts on their long-term CDs. TEXAR Federal Credit Union (TEXAR) has flattened its rates in a different way: it increased rates on all of its Share Certificates. All now earn 1.21% APY,...

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