5.65% 24-Month / 5.50% 11-Month CD at an Oregon CU (NW Preferred)

NW Preferred Credit Union is offering a special 5.65% APY IRA certificate with terms from 12 to 24 months. The minimum deposit is $500. Also available are regular certificates with a yield of 5.50% APY. Terms from 6 to 11 months can be chosen. The minimum deposit is $5,000, and it must be new money. The IRA special expires on February 28th. The customer service rep didn't know how long the 5.50% would last.

CD promotions at NW Preferred seems to be fairly common. The last one that I had reported on was in November when they offered a 5.75% 36-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 federally insured by the NCUA. It has $87.4 million in assets and 7,452 members.

Tags: Oregon, CD rates, Nw Preferred Credit Union