18 month jumbo CD through Advancial Federal Credit Union

May 13, 2009 2 Comments »

We were just tipped off on a high yielding 18 month CD and 18 month “jumbo” CD being offered through Advancial Federal Credit Union out of Texas.

Their regular 18 month CD carries an APY of 3.17% and their 18 month jumbo CD carries and APY of 3.37%. In order for your certificate of deposit to qualify as a “jumbo” it must meet the minimum deposit amount of $50,000. To put this offer in perspective, the national average for 12 month deposits and 24 month deposits sit at roughly 2.15% and 2.75% APY, respectively.

Like most credit unions, this one comes with some exclusive requirements as far as membership is concerned. In order to be a member of Advancial you must be employed by one of their select employee groups (SEGs).  You may also be a parent, grandparent, spouse, brother, sister, child or grandchild of any current member.  Once you are a member of Advancial, you will always be a member as long as you maintain the minimum savings balance.

Besides their 18 month certificates, they have other CD products which significantly trump the national average (see below).

For updated rate information and membership eligibility, visit Advancial.org or contact them at (800) 322-2709.

Certificates
Regular & IRA Certificate $1,000 Minimum Junior Jumbo & IRA Junior Jumbo Certificates
$25,000 Minimum
Jumbo & IRA Jumbo Certificate
$50,000 Minimum
Annual Percentage Yield (APY) Dividend Rate Annual Percentage Yield (APY) Dividend Rate Annual Percentage Yield (APY) Dividend Rate
3 months 2.32% 2.30% 2.43% 2.40% 2.53% 2.50%
6 months 2.45% 2.42% 2.55% 2.52% 2.65% 2.62%
1 year 2.84% 2.80% 2.94% 2.90% 3.04% 3.00%
18 months 3.17% 3.12% 3.27% 3.22% 3.37% 3.32%
2 years 3.55% 3.49% 3.65% 3.59% 3.75% 3.69%
3 years 4.14% 4.06% 4.24% 4.16% 4.34% 4.26%
4 years 4.54% 4.45% 4.65% 4.55% 4.75% 4.65%
5 years 4.95% 4.84% 5.05% 4.94% 5.16% 5.04%

Advancial Federal Credit Union serves a little over 50,000 members and controls almost $630 in assets. Based out of Dallas, Texas they have roughly 130 full time employees in their 5 locations. Along with their Texas branches they have a presence in Oklahoma, Louisiana and Alaska.

Our Take:

If you’re eligible to join, you may want to look into their longer term deposits. Although the 18 month promotional offers feature some attractive rates, interest rates in general are on the decline, so locking in a 5 year term with a favorable rate may be a smarter move to hedge against much lower future rates.

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  • Austin

    Man the 5 year CD rate is better than the 18 month rate in my opinion.

  • http://ldina@aol.com florence de V

    What do you have to do to become a member of this credit union? Or do you have to really be a member.