5.35% 60-Month / 5.20% 18-Month CD at a Washington State CU (BECU)


BECU has some competitive rates on its certificates of deposit. The top yield is 5.35% APY for a Jumbo 60-month CD (minimum deposit $100K). Some other Jumbo CD rates include a 5.16% APY for a 12-month term and 5.20% APY for 18, 24 and 30 month terms. The rates for a $50K minimum are about 10 basis points lower, and the rates for a $500 minimum are about 20 basis points lower. The IRA certificates have similar rates. My last report on BECU was in September when the 60-month Jumbo CD had a yield of 5.55% APY.

BECU's tiered money market account also has some competitive yields ranging from 4.35% APY to 4.85% APY. For those with small savings balances, you can earn 7.50% on the first $500 on both their savings and checking accounts. I first reported on this last year.

Membership is open to those who live, work, worship or attend school in any Washington state school district. The Select Employee Group includes Boeing and its susidiaries or affiliates. Please refer to their Eligibility page for more details. A minimum deposit of $5 into the savings account is required for membership.

Branches are located through out Washington State including the cities of Seattle, Everett, Olympia, Redmond and Tacoma. BECU is one of the largest credit unions in the nation with $7.6 billion in assets and 520,384 members. It's federally insured by the NCUA (Charter # 62604).

Thanks to the reader who mentioned these BECU CDs in the comments.
5.52% 12-Month / 5.55% 60-Month CD at a Washington State CU - $100K Min (BECU)
BECU has bumped up the rates on its certificates of deposit. The top 12-month yield is 5.52% APY for a Jumbo $100K minimum CD. A yield of 5.42% APY is available with a $50K minimum, and a yield of 5.31% APY is available with a $500 minimum. BECU also has some competitive long term Jumbo rates including 5.55% APY for the 60-month term and 5.50% APY for the 48-month term. Lower rates are available with smaller minimums.

My last report on BECU was in October when it first came out with...

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7.50% for First $500 in Checking and Savings Account at a Washington State CU (BECU)
BECU is starting a new program in which members earn 7.50% on the first $500 in both the Member Advantage Savings and Checking Accounts. Balances above $500 would earn the standard rate (1.76% for savings and 0.50% for checking). To qualify requires signing up for free online banking, monthly eStatements and enrolling and remaining active in either free online bill payment or direct deposit. An Early Saver account is available for children in which you earn the same 7.50% for balances under $500 without the above requirements.

With only a $500...

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