Dedicated to Deposits: Deals, Data, and Discussion

7.79% 5-Month CD at an Oregon CU (Clackamas Community).

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Update 8/14/07: Special CD has been reported to have ended at the end of day 8/13/07.

Clackamas Community FCU is offering an Anniversary Share Certificate with a yield of 7.79% APY and a term of 5 months. The minimum deposit is $1,000. This special is not listed on the credit union's website. A reader emailed me info on this and said that the promotion is being advertised on flyers in the branch. The reader also said that the flyer specified no maximum deposit limit which makes this a great deal for those with large deposits. A $100K deposit in this CD will earn over $1K more than what a 5% account would earn in 5 months.

The credit union has offered some nice CD promotions in the past. Last November they had a 6.03% 6-month CD special.

Unfortunately, eligibility into the credit union is limited. The field of membership includes all persons who live, work, worship or attend school in Clackamas County, Oregon. Branches are located in Oregon City, Milwaukie, Canby and Damascus.

The credit union is NCUA insured (Charter # 11793). It has $176.5 million in assets and 24,028 members.

Thanks to the reader who emailed me info on this special.

[Update 7/5/07: I called their toll-free number and received confirmation that the CD does not have a maximum deposit. I also was told that it is planned to run through September.]

  Tags: Oregon, CD rates

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