XCEL FCU Has Limited-Time 12-Month CD Special


Deal Summary: 12-month CD, 2.02% APY, $500 minimum deposit

Availability: Easy membership requirement

XCEL Federal Credit Union (XCEL) is offering a limited-time rate on its 12-month CD (2.02% APY). According to a promotional email DA reader, alan1, received, “This special offer expires 2/28/2018 but may be withdrawn at any time for any reason. Minimum certificate deposit is $500.”

1.46%$500-Xcel Federal Credit Union12 Month CD
1.46%$500-Xcel Federal Credit Union12 Month IRA (Traditional, Roth, CESA)
Rates as of May 20, 2019.

The 12-month CD is also available as an IRA (Traditional, Roth, and CESA) earning the same APY, with the same funding requirements.

As stated on the ”Ask XCEL” page, the Early Withdrawal Penalty reads as follows:

The penalty for earlier withdrawal of a certificate is 90-days dividends. So, another way to say that is, the penalty, if you close your certificate (CD) early, is the interest you would earn per day, times 90.

Thanks to DA reader, alan1, for his Forum post about XCEL.

Note: do not be confused by the Certificate Disclosure listed at the bottom of the Rates page. In addition to stating that new money is needed to open any of XCEL’s CD, the Disclosure states “you may make additions to or withdrawals from the account at 7 calendar day intervals only.” It took a very confusing and frustrating Live Chat, and a subsequent phone call from a supervisor, to find out that these conditions apply only to a Liquid CD that isn’t even offered anymore!


Headquartered in Bloomfield, New Jersey, XCEL Federal Credit Union offers membership to employees and members of 75+ companies and organizations, with options for almost anyone to qualify.

Easy Membership: Individuals who join the American Consumer Council qualify for credit union membership.

Employment: Employees of more than 60 companies (both large and small, including 14 Federal Government Departments) are eligible to join.

Organization Affiliation: Members of a variety of national and location associations also qualify for member.

Relationship: In a Live Chat, CSR stated, "Or if you know someone (current member) they can refer you."

Joining XCEL and/or opening a CD can be done online, or at either of two New Jersey branches located in Bloomfield and Jersey City, or at the New York City location. Note: the NYC branch is located in Federal Plaza and ID is required to enter. In addition, individuals may be subject to a search protocol.

XCEL participates in the CO-OP Shared Branch network, providing members with access to more than 5,000 nationwide branches to conduct transactions.

Credit Union Overview

XCEL Federal Credit Union has an overall health grade of "C" at DepositAccounts.com, with a Texas ratio of 24.17% (average) based on September 30, 2017 data. XCEL has an average capitalization level (8.05%), the result of holding $176.4 million in assets with $14.2 million in equity. Please refer to our financial overview of XCEL Federal Credit Union (NCUA Charter # 16128) for more details.

Established in 1964, XCEL Federal Credit Union is the 17th largest credit union in New Jersey, with more than 20,100 members and assets in excess of $176 million. An August 2014 article in New Jersey Business Magazine paints a picture of strength and perseverance.

Until September 11, 2001, we were headquartered in the World Trade Center (Tower 1 – 39th Floor), but now we call North Jersey our home. But from that tragedy came a new way to do banking. On September 10th of that year, about 4-7% of our transactions were done remotely by our members – meaning through home banking, phone banking or ATMs.

Then the tragedy struck. Our members still needed to access their money even though the building was no longer there. So, they taught themselves how to use their computers to access their accounts.

Today, nearly 91% of transactions are done through touchtone phones, the Internet, smart phones, our shared branching and shared ATMs or through our own advanced ATMs. It’s pretty amazing to see. It shows the resilience of our nation and our members.

How the CD Compares

When compared to the 205 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available nationwide, XCEL Federal Credit Union's 12-month CD APY currently ranks second.

The above rates are accurate as of 1/23/2018.

To look for the best nationwide CD rates and the best CD rates in your state, please refer to our CD Rates Table page.

Related Pages: New York CD rates, 1-year CD rates, nationwide deals

alan1   |     |   Comment #1
Re the early withdrawal penalty: The info on the "Ask XCEL" page is outdated. According to XCEL's disclosure statement, the current penalty for CDs with terms of 3-9 months is still 90 days (p, 18 of PDF), but the penalty for longer terms is now 180 days (p. 19 of PDF).

Att   |     |   Comment #2
I find this CU difficult to deal with. Their are better choices that pay a better rate on 1 year CDs.
XCEL FCU 60-Month CD Rate Increased
Availability: Easy membership requirement

To quote DA reader, cumulus, “We have a new 5-year CD rate leader!”

XCEL Federal Credit Union (XCEL) has raised the rate on its 60-month CD (2.50% APY). The minimum deposit is $500, with no stated balance cap.

The 60-month CD is also available as an IRA (Traditional, Roth, and CESA) earning the same APY, with the same funding requirements.

As stated on the penultimate page of XCEL’s Account Disclosures, the Early Withdrawal Penalty reads as follows:

Thanks to cumulus for his Forum post about this good...

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XCEL FCU recently restructured the Kasasa Cash account, raising the qualifying balance level to $50K (while still maintaining the 2.01% APY), and lowering the APY on qualifying balances exceeding $50K to 0.03% APY.

The monthly requirements for Kasasa Cash are rather uncomplicated:

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It’s Black Friday and while prices may be dropping at retail stores throughout the country, XCEL Federal Credit Union (XCEL FCU) has just raised the rates on all its CDs (with the exception of the 24-month CD), making most of XCEL FCU’s CD product line quite competitive.

The standout is the 12-month CD (1.50% APY), which now tops the nationally available 1-Year CD list.

The minimum deposit for any of these CDs is $500 of new money. The CDs are also available as IRAs (Traditional, Roth, and...

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XCEL Federal Credit Union (XCEL FCU) is offering a 24-month Regular CD (1.52% APY). Most of XCEL FCU’s CDs come in two verisons: Regular ($500-$19,999 minimum deposit) and Silver ($20K minimum deposit), with the Silver CDs earning an additional 5 basis points.

In an exception to that precedent, the 24-month Regular CD earns 1.52% APY on all deposit levels, with the minimum deposit a low $500.

As stated in XCEL FCU’s Account Disclosures, the Early Withdrawal Penalty reads as follows:


Headquartered in Bloomfield, New Jersey, XCEL Federal Credit Union...

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XCEL Federal Credit Union is offering a summer CD special with two special CDs. One is especially competitive. It’s a 2-year CD with a 2.00% APY. The other one isn’t quite as good. It’s a 1-year CD with a 1.00% APY. Minimum deposit for both is $10,000, and new money is required (funds not already on deposit with the credit union). Details of these special CDs are listed in this credit union promotions page as of 8/20/2014. According to...

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