Dedicated to Deposits: Deals, Data, and Discussion

5.75% 36-Month CD at an Oregon CU (NW Preferred)

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NW Preferred Credit Union is offering a 5.75% APY 36-month certificate of deposit. The minimum is $10K and the maximum deposit is $250K. It requires money new to the credit union.

According to the CSR, this Preferred Investor CD is still available as of today, but it's a limited time offer and will end as soon as they meet a specific funding threshold. This CD is available in an IRA. The early withdrawal penalty is 90 days of interest. You are allowed partial withdrawals as long as the balance remains over $10K. The interest penalty will only be applied to the amount withdrawn.

The credit union is also offering a special 5.35% APY 18-month CD with a $500 minimum.

My last report on NW Preferred was back in February when they were offering a 5.13% 6-month CD.

The field of membership includes residents of the following Oregon communities: Stayton, Aumsville, Sublimity, Lyons, Gates, Mill City, Detroit, Idahna or Mehama. This is the area south of Portland. Also, licensed insurance professionals of Oregon, Washington or Idaho are eligible.

The credit union is NCUA insured. It has over $90 million in assets and 7,438 members.


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