6% 5-Month CD at an Oregon CU.

The Advantis Credit Union is offering a 6.00% APY 5-month CD. It requires $5K minimum deposit of new money, and there's a $50K maximum deposit limit per membership. The 6% APY requires that you maintain an interest checking account for the entire term of the certificate. Without the interest checking account, the APY is 5.50%. The credit union also has a 11-month CD special with no maximum limit. The APY is 5.20% with the interest checking account and 4.80% without it.

The field of membership is primarily employer based. But there seems to be many eligible employers in several Oregon counties. The credit union has 5 branches in Portland, Oregon.

Yesterday I posted on the 6% CDs at the Oregon OnPoint Community Credit Union. These two credit unions must be in competition with each other. Hopefully, we'll see more of this at other banks and credit unions. Credit for finding this deal goes to the FW CD thread.