Deal Summary: 28-month CD Special, 1.70% APY, $1k minimum deposit
New Hampshire-based Triangle Credit Union (Triangle CU) is currently offering three CD Specials, but the 28-month CD Special (1.70% APY) is the only one which has a competitive rate. The minimum deposit is $1k, with no stated balance cap.
The 28-month CD Special was added to Triangle CU’s product line in late January 2016, with an initial rate of 2.00% APY, which lasted about two months. Since April 2016, the APY remained at an unimpressive 1.35% - 1.40% until yesterday’s rate increase.
As stated on Triangle CU’s Rates page, the Early Withdrawal Penalty reads as follows:
If your account has an original maturity of more than one (1) year: The penalty we may
impose will equal six (6) months dividends on the amount withdrawn subject to penalty.
Headquartered in Nashua, New Hampshire, Triangle Credit Union offers membership to individuals who live or work in the New Hampshire counties of Belknap, Cheshire, Hillsborough, Merrimack, and Rockingham, and the Massachusetts counties of Essex, Franklin, Middlesex, and Worcester.
In addition, family members of current Triangle CU members also qualify for membership.
In late 2016, the $6.3 million St. Joseph Hospital Employees Credit Union (Nashua) merged with Triangle CU, adding nearly 1,000 individuals to the membership rolls.
Credit Union Overview
Triangle Credit Union has an overall health grade of "B+" at DepositAccounts.com, with a Texas ratio of 4.66% (excellent) based on September 30, 2016 data. In the past year, Triangle CU increased its total non-brokered deposits by $54.56 million, an excellent annual growth rate of 11.9%. Please refer to our financial overview of Triangle Credit Union (NCUA Charter # 68210) for more details.
Triangle Credit Union was incorporated in 1939 as the Triangle Federal Credit Union for the benefit of the employees of the Nashua Gummed and Coated Paper Company (now known as Nashua Corporation). In 1996, the Credit Union applied for a state charter, becoming the first federal credit union to change its charter as a result of the court action taken by the American Bankers Association against federal credit unions. The "Federal" part of the name was dropped upon the state charter being granted. Today, Triangle CU has over 50,300 members and assets in excess of $630 million.
How the CD Special Compare
When compared to the 378 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available to within the FOM, Triangle Credit Union's 28-month CD Special APY currently ranks first.
|Interest Rate||CD Length of Term||Credit Union/Bank|
|1.70% APY||28-Month CD Special||Triangle Credit Union|
|1.61% APY||24-Month CD||Haverhill Bank|
|1.60% APY||24-Month CD Special||Connexus Credit Union|
The above rates are accurate as of 2/24/2017.