Travis Credit Union Has 13-Month CD Special, 2.40% APY

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Deal Summary: 13-month CD Special, 2.40% APY, $500 minimum, new money. 24-month Bump-Up CD Special, 2.50% APY, $1k minimum, new money, one rate increase any time during term.

Availability: Residents of 12 northern California counties.

Travis Credit Union's (Travis CU) product line currently includes two CD Specials: 13-month CD Special (2.40% APY, $500 minimum) and 24-month Bump-Up CD Special (2.50% APY, $1k minimum). Both CD Specials require new money, defined as “funds not currently on deposit with Travis Credit Union.” The Bump-Up CD Special comes with a one-time rate increase at any time during the term.

APYMINMAXINSTITUTIONPRODUCTDETAILS
2.50%$1k-Travis Credit Union24 Month Bump-Up CD Special - New Money
2.50%$1k-Travis Credit Union24 Month Bump Up IRA Special - New Money (Traditional, Roth, CESA, SEP)
2.40%$500-Travis Credit Union13 Month CD Special - New Money
2.40%$500-Travis Credit Union13 Month IRA Special - (New Money) (Traditional, Roth, CESA, SEP)
Rates as of November 21, 2019.

Both CD Specials are also available as IRAs (Traditional, Roth, CESA, SEP), earning the same APYs with the funding requirements.

As stated in the Certificate Account Agreement, the Early Withdrawal Penalty reads as follows:

For terms of 12 months or more the Standard Penalty will be an amount equal
to 180 days dividends on the amount withdrawn, whether earned or not.

The Certificate Account Agreement also states,

Travis Credit Union reserves the right to require 60 days
written notice of your intention to withdraw or transfer shares.

Availability

Headquartered in Vacaville, California, Travis Credit Union’s field of membership (FOM) includes individuals who live, work, worship, or attend school in the California counties of Alameda, Colusa, Contra Costa, Merced, Napa, Placer, San Joaquin, Sacramento, Solano, Sonoma, Stanislaus, or Yolo.

Active/retired military and civilian personnel of Travis Air Force Base also qualify for membership.

Household members and family members (spouse, parent (in-law), sibling (in-law), child (foster/step), grandparent, grandchild, aunt, uncle, niece, nephew) of current Travis CU members are welcome to apply.

Joining Travis CU can be done online or at any of 25 California branches, located in Antioch (2), Atwater, Benicia, Clayton, Concord, Davis, Dixon, Fairfield (4), Merced, Napa, Pleasant Hill, Richmond, Suisun City, Travis AFB, Vacaville (5), Vallejo, and Woodland.

Opening a CD can be done at any of the above mentioned branch locations. While a CD can theoretically be opened online, there is a maximum funding limit of $2,500.

If you wish to deposit a higher amount, please contact our Member Service
Center at (800) 877-8328 once your accounts have been established.

A $5 deposit in a Prime Share Account and the payment of a one-time
membership fee makes you a shareholder (owner) of the Credit Union.

While not participating in the CO-OP Shared Branching network,

Travis Credit Union is part of the CO-OP ATM Network. Members
have access to 30,000 surcharge-free ATMs in the U.S. and Canada.

Credit Union Overview

Travis Credit Union has an overall health grade of "A+" at DepositAccounts.com, with a Texas Ratio of 4.39% (excellent) based on June 30, 2019 data. In the past year, Travis CU has increased its total non-brokered deposits by $131.22 million, an excellent annual growth rate of 5.17%. Please refer to our financial overview of Travis Credit Union (NCUA Charter # 68429) for more details.

Travis Credit Union was established in 1951 by civilian and military workers at Travis Air Force Base in Fairfield, California. Travis CU is currently the 13th largest credit union in California, with nearly 213,000 members and assets in excess of $3.2 billion. According to a September 2019 press release,

For the fifth time in twenty years Travis Credit Union has won the "Air Force Distinguished Credit Union Award." The national award is presented annually by the U. S. Department of the Air Force to the on-base credit union that has gone above and beyond its duty to provide financial service and financial education to Air Force members. Only one credit union is selected throughout the entire Air Force to receive this award.

How the CD Special Compares

When compared to 247 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available within the FOM, Travis Credit Union's 13-month CD Special APY currently ranks second.

How the Bump-Up CD Special Compares

When compared to 235 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available within the FOM, Travis Credit Union's 24-month Bump-UP CD Special APY currently shares the top spot with four other 2-year CD APYs (offered by American 1 Credit Union, Home Loan Investment, USALLIANCE Financial, and Wheelhouse Credit Union).

The above rates are accurate as of 10/21/2019.

To look for the best CD rates, either nationwide or state-specific, please refer to our CD Rates Table page.

Related Pages: San Francisco Bay CD rates, Sacramento CD rates, Fresno-Visalia CD rates, 1-year CD rates, 5-year CD rates

Comments
Maria
Maria   |     |   Comment #1
Nothing but credit unions in this blog, any reason for it?
RichReg
RichReg   |     |   Comment #2
Statistically, they tend to offer higher rates on deposits than traditional or online banks;;
mostly due to better & more frequent promotions.
Predatory Depositor
Predatory Depositor   |     |   Comment #4
The main reason that credit unions can sometimes offer higher rates is because they are nonprofits. But as you can see, that doesn't always ensure that you'll get a better deal. Profit motive tends to create more efficient organizations. So they can compete with the nonprofit credit unions, sometimes beat their deals, and still make a profit for their shareholders. A win win for both their customers and the owners of the bank. That's the beauty of the profit motive. It creates wealth for everyone.
Credit Unions
Credit Unions   |     |   Comment #5
The best deals for the most part on the CD front have been at the credit unions.
kcfield
kcfield   |     |   Comment #3
Travis is rated "B+" by Weiss ratings which reaffirms their strong financial status (Weiss rates much more conservatively). They also have good customer service ratings and as noted, reasonable EWP for their CDs. It does seem that these bump-up CDs are the only ones with competitive rates currently. Their 60 month CD rate, viz. is only 2.25%.
Kaight
Kaight   |     |   Comment #6
This is the first time I have run into an Air Force base credit union I'm not eligible to join. Other notable ones, e.g., Keesler, Dover, Andrews, Hanscom, all provide an entry path for most anyone. But Travis is truly restrictive. Well, phooey. I would not want to join an AF base credit union that refuses to welcome me as a member!
#8 - This comment has been removed for violating our comment policy.
#7 - This comment has been removed for violating our comment policy.
anonymous be
anonymous be   |     |   Comment #9
I live in the area where there are lots of Travis branches. I don't belong because the rates are usually very low. You are not missing much by not being able to join.
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In addition to the CD, there's a $100 gift card bonus for opening a new checking account with direct deposit. I was told that it can be done in combination with the CD. Their Free Checking should qualify for the bonus. There's a $50 minimum opening deposit.

The last day for...



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Metro 1 Credit Union is offering a special 5.75% APY 6-month certificate of deposit. The minimum is $1K and the maximum is $100K. It requires new money. The offer expires on 12/23/06.

It's not advertised on the credit union's website. I had seen it mentioned at eMoneyCentral. I called to confirm. I was told it had been advertised in the ContraCostaTimes Newspaper.

The field of membership includes those who lives, works or worhips in Alameda, Contra Costa and Solano Counties, California. You can also be eligible through select employer groups and by...



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