Red Canoe Credit Union is offering a competitive rate of 2.75% APY for its 5-year CD and IRA CD. The 3-year CD rate is also fair at 2.00% APY. Minimum deposit is $500. These rates are listed in the credit union's rates sheet as of the morning of 11/05/2010.
As a comparison to internet banks, the best 5-year CD rate is 2.65% APY at First Internet Bank as of 11/05/2010.
Like many Washington State credit unions, membership at Red Canoe is open to anyone who lives, works or worships in the State of Washington. It's also open to anyone who lives or works in Linn, Benton, Lane, Marion and Polk counties in Oregon. Please refer to the credit union's Who Can Join page for the full details. Membership requires a minimum balance of $5 in the share savings account. There's an online application that allows you to apply for membership.
Branches are located in the Washington cities of Longview, Puyallup and Federal Way, and in the Oregon City of Albany.
The credit union has an overall health score at DepositAccounts.com of 3 out of 5 with a Texas Ratio of 10.93% (excellent) based on June 2010 data. Please refer to our financial overview of Red Canoe Credit Union for more details. The credit union is federally insured by the NCUA (Charter # 68196).
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