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Chartway Federal Credit Union Lowers CD Rates

Chartway Federal Credit Union, based in Virginia Beach, Virginia, recently lowered their CD rates. Chartway Federal Credit Union's CD rates were lowered on both short and intermediate term certificates. The largest decrease was 25 basis points on Chartway's regular and jumbo 2 year certificates. 

Chartway FCU has been around for over 50 years. The credit union was created in 1959 when seven civilian workers at the Norfolk Naval Air Station each invested $5.00 and incorporated NorVA N.A.S. Federal Credit Union.

According to Chartway's "About Us" page, the credit union was created to provide low-cost loans and to provide a convenient place for its members to save. As with any credit union, you have to join Chartway to open a certificate or to open any other accounts.

Anyone can join by making a $10 donation to Chartway's philanthropic arm, We Promise Foundation. The regular eligibility rules of either go to school, living, working or worshiping near a branch location will allow you to join. 

Chartway's recent CD rates are listed below. You can see a list of all current CD rates at Chartway and see this credit union's star rating at Chartway Federal Credit Union CD rates.

Chartway FCU CD Rate Changes

Credit UnionProductRate (New / Old)Yield (New / Old)
Chartway Federal Credit Union6 month CD0.65 / 0.750.65 / 0.75
Chartway Federal Credit Union2 yr CD1.2 / 1.451.21 / 1.46
Chartway Federal Credit Union6 month jumbo CD0.65 / 0.750.65 / 0.75
Chartway Federal Credit Union6 month $25K CD0.65 / 0.750.65 / 0.75
Chartway Federal Credit Union18 month CD1.1 / 1.351.1 / 1.36
Chartway Federal Credit Union2 yr jumbo CD1.2 / 1.451.21 / 1.46
Chartway Federal Credit Union18 month jumbo CD1.1 / 1.351.1 / 1.36

Even with the recent CD rate changes, Chartway's rates are still competitive. You can see how these rates compare with other credit union and bank CD rates by searching our rate tables at MonitorBankRates.com.







 
Author: Brian McKay
July 12th, 2016