Advantis Credit Union Offers Up To 3.75% APY On 60-Month CD

Oregon-based Advantis Credit Union (Advantis) is currently offering tiered rates on its 60-month High-Growth CD, with a $100k minimum deposit earning 3.50% APY. The other rates available on the 60-month are 3.25% APY ($50k minimum) and 3.00% ($500 minimum).

As DA reader, Alsakar, noted in a Forum post, Advantis has two Special Offer Bonus Rates, which are available on any certificate term. Both Bonus Rates require new money: a minimum $10k deposit of new money adds an additional 10 bps, with an additional 25 bps added for a minimum $25k deposit of new money. “New money” is defined as “funds that have not been on deposit with Advantis before the date of account opening.”

Add To Your CD

All the High-Growth CDs have unlimited additional deposits any time throughout the term.

There are NO limits when you Add-To your CD in-branch, by phone, or through secure email.

• Online Banking Transfers: Currently, on external transfers via Online Banking, there is a $10,000 daily and $20,000 monthly Add-To limit.
• Balance Considerations: If your additional deposits elevate your balance into a higher CD rate level, your rate of return will remain fixed at the rate associated with your initial deposit for the length of your initial term. Then, when you choose to renew your CD, you’ll automatically receive that new rate in the higher CD level.

The Early Withdrawal Penalty for High-Growth CDs with terms of 3 years or greater is 270 days of interest.

You may cash in your Certificate of Deposit (CD) early but you will have to pay an early withdrawal penalty. You may also withdraw part of your funds; you will only pay penalty on the amount you are withdrawing.

Thanks to DA reader, Alsakar, for sharing this great deal on DepositAccounts.com.

Availability

Headquartered in Milwaukie, Oregon, Advantis Credit Union’s field of membership (FOM) is residency-based, with individuals who live, work, worship, or attend school anywhere in the state of Washington or in 24 western Oregon counties eligible to join.

Oregon counties – Benton, Clackamas, Clatsop, Columbia, Coos, Crook, Curry Deschutes, Douglas, Hood River, Jackson, Jefferson, Josephine, Klamath, Lane, Lincoln, Linn, Marion, Multnomah, Polk, Tillamook, Wasco, Washington, or Yamhill.

Family members of current Advantis members are also welcome to apply.

Joining Advantis and/or opening a High-Growth CD can be done online, or at any of ten Oregon branches, located in Clackamas, Hillsboro, Milwaukie, Portland (5), Tigard, and West Linn.

A Regular Savings account ($5 minimum deposit) is required to establish an Advantis membership

Advantis participates in the CO-OP ATM network giving members access,

to over 30,000 surcharge-free ATMs in the United States and Canada. So whether you are traveling across the country or across town, we're there for you. Look for ATMs displaying the CO-OP Network logo. Most ATMs located at 7-11 stores are part of the CO-OP Network.

Credit Union Overview

Advantis Credit Union has an overall health grade of "A+" at DepositAccounts.com, with a Texas Ratio of 3.14% (excellent) based on December 31, 2018 data. In the past year, Advantis has increased its total non-brokered deposits by $60.82 million, an excellent annual growth rate of 5.12%. Please refer to our financial overview of Advantis Credit Union (NCUA Charter # 62659) for more details.

PACE Credit Union and Electra Central Credit Union merged in 2005, forming Advantis Credit Union. The two founding Credit Unions were among the oldest credit unions in Oregon and brought a combined 146 years of banking experience.

Before the merger of PACE and Electra, PACE’s customers were employees of governments, such as the city of Portland. Electra’s customers were employees of organizations that included TriMet, Portland General Electric and PacifiCorp. After the merger, Advantis continued to serve all those companies and became a community-chartered credit union open to the general public.

Advantis is currently the fifth largest credit union in Oregon, with nearly 76,000 members and assets in excess of $1.4 billion.

How the High-Growth CD Compares

When compared to the similar length-of-term CDs tracked by DepositAccounts.com that are available within the FOM, Advantis Credit Union's 60-month High-Growth CD Bonus Rate APY currently ranks first, regardless of minimum deposit.

The above rates are accurate as of 5/20/2019.

To look for the best CD rates, both nationwide and state specific, please refer to our CD Rates Table.