TEXAR Federal Credit Union's 12-month CD Earns 2.25% APY

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Deal Summary: 12-month Share Certificate, 2.25% 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.

TEXAR Federal Credit Union (TEXAR) has started the new year with a new rate on its 12-month Share Certificate – 2.25% APY. The minimum opening deposit is $1k, with no stated balance cap.

The last time I wrote about a TEXAR Share Certificate two years ago, I was told the Early Withdrawal Penalty (EWP) was based on the amount of time left before maturity. (Less than one year remaining, 90 days penalty; more than one year remaining, 180 days penalty.) When I asked about the EWP yesterday, CSR didn’t know, but volunteered to find out. The answer she came back with is one I’ve never heard before: “I can’t tell you what it is, because it changes every day.” I think 90 days interest on the amount being withdrawn is probably a good estimate.

Availability

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

Individuals 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 can be done over the phone (903.223.0000) or in person at any of six Texas branches located in Atlanta, DeKalb, Hooks, New Boston, Paris, and Texarkana, or the Arkansas branch in Texarkana.

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 1.85% (excellent) based on September 30, 2019 data. TEXAR has an excellent capitalization level (14.90%), the result of holding $354.8 million in assets with $52.86 million in equity. Please refer to our financial overview of TEXAR Federal Credit Union (NCUA Charter # 24567) for more details.

TEXAR Federal Credit Union was originally established in 1951 as the Bowie County Teachers Credit Union. As its FOM expanded and diversified, the Credit Union’s name changed: Bowie-Cass Teachers Credit Union (1964), the Teachers Federal Credit Union (1996), and finally, TEXAR Federal Credit Union (2001). With more than 32,200 members and assets in excess of $354 million, TEXAR is currently the 61st largest credit union headquartered in Texas.

How the Share Certificate Compares

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.

The above rates are accurate as of 1/4/2020.

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, Dallas CD rates, 1-year CD rates

Comments
TEXAR FCU (TX/AR) Ups 18-month Share Certificate Rate
Deal Summary: 18-month Share Certificate, 1.76% APY, $1k minimum deposit.

Availability: All residents of Bowie and Cass Counties, Texas, and Little River and Miller Countie, Arkansas. Most residents of Lamar and Red River Counties, Texas.

A new month means new rates, and TEXAR Federal Credit Union (TEXAR) has started the month by raising the rate on its 18-month Share Certificate and Online Share Certificate (1.76% APY). The minimum deposit is $1k, with no stated balance cap.

The 18-month Share Certificates are available...

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TEXAR FCU Raises Rate On 12-Month Online CD
Availability: All residents of Bowie and Cass Counties, Texas, and Miller County, Arkansas. Most residents of Lamar and Red River Counties, Texas.

Last week, TEXAR Federal Credit Union (TEXAR) raised the rate on its 12-month Online Share Certificate (1.45% APY). The 12-month Share Certificate can also be opened "In-Branch," but at a lower APY of 1.35%. In the past six years, the 12-month Share Certificates have experienced 27 rate changes, with the current APYs the highest since March 2013.

A $1K minimum deposit is...

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TEXAR FCU Ends The Year With Competitive 15-Month CD
Availability: All residents of Bowie and Cass Counties, Texas, and Miller County, Arkansas. Most residents of Lamar and Red River Counties, Texas.

TEXAR Federal Credit Union (TEXAR) is ending the year with a 15-month Online Share Certificate (1.75% APY). The 15-month Share Certificate can also be opened "In-Lobby," but at a lower APY of 1.65%.

A $1K minimum deposit is required, regardless of whether it is opened Online or In-Lobby, and there is no maximum balance cap. The 15-month Share Certificates are available as IRAs...

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TEXAR Federal CU Raises Rate On 12-month Online CD To Top Level
Availability: All residents of Bowie and Cass Counties, Texas, and Miller County, Arkansas. Most residents of Lamar and Red River Counties, Texas.

In the past six months, TEXAR Federal Credit Union (TEXAR) has been active in offering competitive rate, short-term Share Certificates (CDs).

Yesterday, TEXAR continued that trend by raising the rate on its 12-month Online CD (1.30% APY) and 12-month In Lobby CD (1.20% APY) . TEXAR also offers an 18-month Online CD (1.35% APY) and 18-month In Lobby CD (1.25% APY). (As an incentive...

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TEXAR FCU Offers Limited Time 24-month Online CD At Competitive Rate

Availability:

All residents of Bowie and Cass Counties, Texas, and Miller County, Arkansas. Most residents of Lamar and Red River Counties, Texas.

On Christmas Day, TEXAR Federal Credit Union (TEXAR) begin offering a limited time 24-month Online Share Certificate (1.85% APY) and limited time 24-month In Lobby Share Certificate (1.75% APY). These special offers expire on December 31, 2014.

A $1K minimum deposit opens either the 24-month Online Share Certificate (CD) or 24-month In Lobby CD, and there is no maximum balance cap. The In Lobby CD...

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