TEXAR Federal Credit Union Raises CD Rates

POSTED ON BY

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 Share Certificate and a more modest 5 bps to the 18-month Share Certificate. 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 Union24 Month Share Certificate
1.50%$1k$1mTEXAR Federal Credit Union24 Month IRA (Traditional, Roth)
1.15%$1k$1mTEXAR Federal Credit Union18 Month Share Certificate
1.15%$1k$1mTEXAR Federal Credit Union18 Month IRA (Traditional, Roth)
Rates as of May 8, 2021.

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

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 With less than one year remaining until maturity, the EWP is 90 days of dividends on the amount being withdrawn. With more than one year remaining until maturity, the EWP is 180 days of dividends on the amount being withdrawn.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 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 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 1.38% (excellent) based on December 31, 2020 data. In the past year, TEXAR has increased its total non-brokered deposits by $50.54 million, an excellent annual growth rate of 21.12%. 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 rebranded three times: Bowie-Cass Teachers Credit Union (1964), the Teachers Federal Credit Union (1996), and finally, TEXAR Federal Credit Union (2001). With nearly 33,000 members and assets in excess of $380 million, TEXAR is currently the 66th 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
1.15% APY18-Month Share CertificateTEXAR Federal Credit Union
1.05% APY18-Month CDMilWay Federal Credit Union
0.96% 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 24-month Share Certificate APY currently ranks first.

Interest RateCD Length of TermCredit Union/Bank
1.50% APY24-Month Share CertificateTEXAR Federal Credit Union
1.16% APY24-Month CDRed River Credit Union
1.10 APY24-Month CDMilWay Federal Credit Union

The above information and rates are accurate as of 5/7/2021.

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, 5-year CD rates

Comments
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...

Continue Reading
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,...

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

Continue Reading
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...

Continue Reading
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...

Continue Reading

More Past Offers



The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.