As Boeing Employees Credit Union (BECU) stated on its Holiday CD Promotion page,
We’re in the giving spirit, just like you, and so we're offering a special, seasonal CD.
BECU’s Special 6-11 month CD (1.50% APY) is available now through December 31, 2016. The minimum deposit is $500 and there is a balance cap of $99,999. There is also a limit of one promotional CD per member.
Note: Even though the promotion page lists the CD term as 6 months, it is in fact, a 6-11 month CD. DA reader, lotsofplants, noted that discrepancy in a Forum post, and I was able to confirm it with CSR.
As stated on BECU’s Account Disclosure brochure, the Early Withdrawal Penalty reads as follows:
The penalty schedule is as follows: Terms up to and including 12 months: 30 days interest.
Thanks to lotsofplants for the Forum post about this holiday CD.
Headquartered in Tukwila, Washington, Boeing Employees Credit Union field of membership is both residency and employment based.
Residency: Individuals who live, work, worship, or attend school in Washington qualify for membership.
Employment: Employees and former employees of Boeing are eligible for membership. Current employees of Boeing subsidiaries also qualify for membership, as do Museum of Flight employees.
Family Relationship: Family members of the above are also eligible to join.
Joining BECU can be done online, or at any of 44 Washington branches located in Auburn, Bellevue (3) Bonney Lake, Bothell, Burlington, Everett (2), Federal Way (2), Issaquah, Kent (2), Kirkland, Lacey, Lake Stevens, Lynnwood, Maple Valley, Marysville (2), Mill Creek, Puyallup (2), Redmond, Renton (3), Seattle (8), Shoreline, Silverdale, Spokane, Spokane Valley, Tacoma, Tukwila, University Place, and Woodinville. BECU also has two branches in the South Carolina Boeing plant.
The Special 6-11 month CD is only available through December 31, 2016, and can be opened through a variety of ways.
Open a holiday CD now by clicking “Open New Accounts” in Online Banking , or you can call us
at 800-233-2328 or make an appointment to visit the nearest Neighborhood Financial Center.
Credit Union Overview
Boeing Employees Credit Union (NCUA Charter # 62604) has an overall health grade of "A+" at DepositAccounts.com, with a Texas ratio of 1.56% (excellent) based on September 30, 2016 data. In the past year, BECU has increased its total non-brokered deposits by $1.56 billion, an excellent annual growth rate of 12.75%. Please refer to our financial overview of Boeing Employees Credit Union for more details.
Established in 1935, Boeing Employees Credit Union is the largest credit union in Washington and the fourth largest credit union in the country, with 998,600+ members and assets in excess of $15.6 billion. Almost every credit union cites the need for a financial institution to better serve a specific group of people, but BECU’s website provides a specific example of “people helping people” that led to the Credit Union’s formation.
In 1935, new employees for The Boeing Company were required to purchase their own
tools before they could start work. Since this was the height of the Great Depression,
it was hard to afford those tools. Eighteen employees gathered together and each put
in $0.50, for a total of $9. Their first loan was for $2.50 to a fellow employee.
How the Special CD Compares
When compared to the 243 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available to Washington residents, Boeing Employees Credit Union's Special 6-11 month CD APY currently ranks first.
The above rates are accurate as of 12/20/2016.