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Add-On Cds At Spokane Teachers Credit Union

Tuesday, November 23, 2010 - 10:06 PMSpokane Teachers Credit Union - Details
Bauer 5-star rated CU is offering add-on CDs. 

- $500 minimum to open,

- Terms of  6-12 mo, 12-24 mo, 24-36mo, 36-48 mo, 48-60 mo, rates depend on balance range.

- 5-year specialty certificate requires $2K minimum to open and has 2.35rate, 2.38APY. 

For all the add-on CDs additional deposits can be made in amounts between $25 and $5000 per month after the account is opened. 

 

From the website:

You're welcome to become a member of the largest credit union in the Inland Northwest if you belong to one of the following categories listed below:

Washington and North Idaho residents: If you live, work, worship, or go to school in the State of Washington or in Bonner and Kootenai Counties in Idaho.

Family and relatives: If you have a relative by blood, marriage, or adoption who lives, works, worships or goes to school in the State of Washington or in Bonner and Kootenai Counties in Idaho.

Students: If you are a student under the age of 18 or a student attending a college or university in the State of Washington or Bonner and Kootenai Counties in Idaho.
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pearlbrownpearlbrown1,356 posts since
Nov 2, 2010
Rep Points: 5,955
1. Saturday, January 15, 2011 - 1:16 PM
The website limits membership to the state of WA and certain ID counties.  However, the online application includes the option of association membership via the Inland Empire Philatelic Society.   You join the Society separately by printing and completing its membership application (available on the IEPS website) and remitting it along with modest dues.    STCU waives the $20 membership fee if joining through this association. 

The 5-year certificate (2.38%APY) continues to be available, and compares favorably to what could be obtained elsewhere (example 2.75% APY for 5 years at Salem 5 Bank), especially for an add-on.   Additional deposits are unlimited,  however there are constraints on how often and how much can be added at one time as mentioned in the original post. 
https://www.stcu.org/rates/Certificates.aspx

Early withdrawal penalty is 180 days of dividends. 

When joining online, note that the 48-60 month certificate included in the online application is NOT the one offering the 2.38% APY.  

The online application offers an option to fund through a credit card, so it is possible to fund the savings account with the combined minimum deposit for the savings account and any other accounts you wish to open.   The credit card charge for the opening transaction was flagged as a mail/phone order.  Some credit cards flag transactions from financial institutions as cash advances so YMMV.  The credit card funding option is available only for the initial account open.  

 
5
pearlbrownpearlbrown1,356 posts since
Nov 2, 2010
Rep Points: 5,955
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