Dedicated to Deposits: Deals, Data, and Discussion

2.00% 6-Month CD at Verity Credit Union in Washington State - Local Only

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Verity Credit Union
Verity Credit Union is offering a 6-month certificate special with a 2.00% APY. Minimum deposit is $1,000. It's scheduled to end on November 13, 2009. This special is listed in this credit union page as of 11/10/2009.

Membership is open to anyone who lives, works or worships in Washington State. Please refer to their membership page for more details. Membership requires a $5 fee and a minimum deposit of $5 in the share savings account. However, the savings account requires a minimum balance of $200 to avoid a quarterly service fee.

Branches are located in Seattle, Auburn and Lynnwood.

The credit union's ratings for safety and soundness are a little weak: 2 stars (below peer group) at Bankrate.com and 3 stars (adequate) at BauerFinancial. Both ratings are based on 6/30/09 financial data. The credit union is federally insured by the NCUA (Charter # 68517).

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

Other Competitive Certificate of Deposit Rates

  Tags: Verity Credit Union, Washington, CD rates

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Comments
2 comments.
Comment #1 by Wachovia Online Banking (anonymous) posted on
Wachovia Online Banking
Well this is a good deal. Membership offer is good and requires $200 minimum balance. However, it is only for Washington state locals only.

1
Comment #2 by Sarah N. (anonymous) posted on
Sarah N.
FYI, verity has a new member referral bonus (both the new member & referrer get $25). If you're planning to open an account it's worth finding someone who already banks there.

Also, when I opened the account the rep said they don't enforce the $200 min savings account to avoid fees, and I found this to be true. Note: this might only be if you have high-interest checking, I'm not sure.

1