Dedicated to Deposits: Deals, Data, and Discussion

5.00% 11-Month CD ($50K Max) at Advantis Credit Union in Oregon (branch only)

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Advantis Credit Union
Advantis Credit Union is having a grand opening special at its new Orenco branch. Part of the special includes an 11-month certificate with a very hot rate of 5.00% APY. It will only be available at the Orenco branch on March 13 and 14, 2009. Minimum deposit is $5,000, and the maximum is $50,000. Only one CD per household is allowed. This special doesn't appear to be listed at the credit union's website. It was recently advertised in the Oregonian newspaper. A reader emailed me news of this along with this scan of the ad.

Membership is open to anyone living, working, or is an organization located within Benton, Clackamas, Columbia, Hood River, Lane, Linn, Marion, Multnomah, Polk, Washington, and Yamhill counties in Oregon. You can also be eligible to join if a family member is eligible for membership. Please refer to the Advantis membership page for details. Membership requires a minimum $5 balance in the regular savings account.

Advantis also has a reward checking account that pays 4.00% APY on balances up to $30K (as of 3/10/09). I first reported on this reward checking account in October 2007 when the yield was 6.25%.

Branches are located in Portland and Hillsboro, Oregon. The new Orenco branch is located at 7387 N.E. Butler Street (corner of Cornelius Pass Road) Hillsboro, OR 97124.

Advantis CU has strong ratings for safety and soundness: 5 stars (superior) at BauerFinancial and 4 stars (sound) at Bankrate.com. Both ratings are based on 9/30/08 financial data. The credit union is federally insured by the NCUA (Charter # 62659).

Thanks to the reader who emailed me the scan of this promotion.

  Tags: Oregon, Advantis Credit Union, CD rates

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Comments
9 comments.
Comment #1 by Anonymous posted on
Anonymous
I called and confirmed that you have to go to the new branch on those two days to get the 5% cd. No mail, and no other branches per the rep.

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Comment #2 by Anonymous posted on
Anonymous
Do you have any info relative to a source for CD*S CALLED
Money Aisle .

Im sure this is not the place to ask but i have only a WEBtv , not a pc.

Tring to find out if this sorrce is legit????

1
Comment #3 by Banking Guy (anonymous) posted on
Banking Guy
Yes, here's the MoneyAisle post that I wrote last year.

1
Comment #4 by Anonymous posted on
Anonymous
Thanks for the answer
I spoke to them tonight and it sounded lke the movie BOILER Room.

I have used your info at least 6 times and find it the best . my problem is my WEBTV and not able to talk as i could with a pc . AGAIN thanks .

I have 3 cds comming in this monthand having hard time find a new home

1
Comment #5 by Anonymous posted on
Anonymous
Anyone know if current members can get in on this deal? I emailed them but no response yet

1
Comment #6 by Anonymous posted on
Anonymous
Current members can be in on the deal. It must be new money to the institution. You must be present at the grand opening in Hillsboro. Also 1 per household as stated by poster above.

1
Comment #7 by Andy (anonymous) posted on
Andy
I went to the branch today and opened the CD with no problems. It was fairly packed, my wait was about 1 hour. They were offering rain checks if you wanted to come back on another day because they were so busy.

This could be useful if you were having trouble getting the funds together in time on short notice. Just go in tomorrow, get a rain check, and go back anytime in the next 2 weeks to open your CD.

You can leave your interest in the CD and withdraw it with no penalty at anytime. They also offer some decent deals on money market savings accounts if you can carry a high balance.

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Comment #8 by Banking Guy (anonymous) posted on
Banking Guy
Thanks for the info. Glad to read you were able to get in on this deal.

1
Comment #9 by Anonymous posted on
Anonymous
Thanks again banking guy! I was able to open a cd today.

I was told by the representative who signed me up that, in addition to the 50K max 5% cd special, they are offering an unannounced 12-month cd at 3% APY through the end of this month. Anyone signing up tomorrow may want to prepare for that ahead of time.

1