My last post on Twinstar was in 2007 when they came out with a 6% reward checking account without a balance cap. They still offer this account, but the rate has fallen to 4.00% APY as of 1/28/09 with a cap of $30K (see post).
Membership is open to those who work or reside in any of the following Washington state counties: Thurston, Lewis, Grays Harbor, Clark, Pierce, Whatcom, Snohomish, Mason, Cowlitz, Pacific, Wahkiakum, Kittitas, Kitsap, and King. Please refer to the credit union's Join Us Page for the full details.
Branches are located in several Washington cities including Vancouver, Tacoma, Ocean Shores, Onalaska, and Olympia.
The credit union is federally insured by the NCUA (Charter # 68271).
Other 5-Percent Certificates of Deposit
5% CDs are getting very hard to find these days. In fact, I'm afraid it may soon be hard to find 4% CDs over any maturities. There are still a few places where you can get 5% from a federally insured institution.
MBank in Oregon continues to offer a 5% APY 60-month CD. I first posted on this deal in early January. A reader mentioned being able to open this CD by phone, but please note that this policy can often change at small banks. Update 1/29/09: Apparently there was some confusion regarding the policy at the bank. Now the branch visit requirement is being enforced.
Navy Federal Credit Union continues to offer a 5.10% APY 7-year CD. Other good CD deals include a 4.60% 30-month IRA CD and a 3.50% 6-month CD. The only negative with Navy Federal is that you have to have some affiliation with the military to qualify for membership (see post).