Icon Credit Union has a CD special with a very competitive rate. It’s a 12-month CD with a 1.25% APY. Minimum deposit is $500, and new funds are required. This is a limited time special. The CD is listed in the credit union’s CD page as of 7/9/2014.
Another nice aspect of this credit union is that it offers a free checking account with no minimum balance requirements and no monthly service fees. The credit union is part of the MoneyPass ATM network which allows members access to tens of thousands of surcharge-free ATMs throughout the nation.
Eligibility and Application
Membership is open to those who live or work in Ada, Adams, Canyon, Kootenai, Shoshone, Valley or Washington Counties in Idaho or Union or Wallowa Counties in Oregon. Please refer to the credit union’s eligibility page for the full details.
There’s an online application that allows people to join the credit union and open accounts. A primary share savings account must be opened as part of membership with a minimum deposit of $25. The special CD currently cannot be opened in the online application.
Credit Union Overview
Icon Credit Union branches are located in the Idaho cities of Boise, Coeur D Alene and Meridian, and in the Oregon city of La Grande.
Icon Credit Union began in 1952 as Idahy Federal Credit Union with the intent to primarily serve employees of the Idaho Department of Highways. The credit union and its field of membership have grown substantially. In 2010 Idahy FCU changed its name to Icon Credit Union, and it now serves more than 17,000 members, with total assets of almost $170 million.
The credit union has an overall health grade at DepositAccounts.com of an A with a Texas ratio of 1.87% (excellent) based on March 2014 data. Please refer to our financial overview of Icon Credit Union for more details. The credit union is federally insured by the NCUA (Charter # 68594).
How This CD Rate Compares
The best 1-year CD rate that’s nationally available is 1.15% APY at Melrose Credit Union. The best 1-year CD rate at an internet bank is 1.10% APY. This is available at three internet banks: Synchrony, EverBank and GE Capital Bank. These rates are accurate as of 7/9/2014.
To search for the best nationwide rates and the best rates in your state, please refer to our CD rates tables.