CapEd Federal Credit Union Boosts Promo Share Certificate Rates

POSTED ON BY

Deal Summary: 12-month Promotional Rate Share Certificate, 1.00% APY, $500 minimum deposit.

Availability: Easy membership requirement.

About eight years ago, CapEd Federal Credit Union (CapEd) added a series of Promotional Rate Share Certificates (PRSC) that have offered competitive APYs on a limited-time basis. After two years of mediocre rates, CapEd has substantially raised the rates on all three PRSCs, with the 12-month offering the most competitive rate. CapEd is the first easy membership requirement credit union to currently offer 1% APY on a 1-year CD with small minimum deposit requirements.

APYMINMAXINSTITUTIONPRODUCTDETAILS
3.00%$500-Capital Educators Federal Credit Union60 Month Promotional Share Certificate
3.00%$500-Capital Educators Federal Credit Union60 Month Promotional IRA Certificate
2.60%$500-Capital Educators Federal Credit Union24 Month Promotional Share Certificate
2.60%$500-Capital Educators Federal Credit Union24 Month Promotional IRA Certificate
2.50%$500-Capital Educators Federal Credit Union12 Month Promotional Share Certificate
2.50%$500-Capital Educators Federal Credit Union12 Month Promotional IRA Certificate
Rates as of September 27, 2022.

While CapEd’s regular Share Certificates have tiered APYs based on deposit levels ($500, $10k, $50k), the PRSCs only require a $500 minimum deposit to earn the stated APY.

The PRSCs are also available as IRA PRSCs (Traditional, Roth, CESA, and SEP) earning the same APYs, with the same funding requirements.

According to CapEd’s Truth-In-Savings (TIS) disclosure,

You may make withdrawals of principal from your account before maturity only if we agree at the time you request the withdrawal.

The Early Withdrawal Penalty is described in the TIS as follows,

If your account has an original maturity of one year or less, we may impose a penalty equal to the lesser of:

    90 days of dividends, or
    The number of days from renewal/opening date to the date of withdrawal at the rate currently in effect for the account, or
    Seven days of dividends on the amount withdrawn if earned dividends are less than seven days’ dividends.

The balance on which the penalty is figured is the amount withdrawn less available dividends. If you have withdrawn all dividends at the time of early withdrawal, the penalty is taken from the principal.

Funding a PRSC can be done by ACH, wire, or through an internal transfer from an CapEd savings account. CapEd participates in the CO-OP Shared Branch network, making the transfer of funds relatively easy.

There is a 10-day grace period before a PRSC automatically renews. According to the TIS,

If we or you prevent renewal, your funds will be placed in your savings account.

Maturing funds can also be distributed by wire or a cashier’s check to the address in file, if so desired.

Availability

Headquartered in Meridian, Idaho, CapEd Federal Credit Union's FOM again offers membership to virtually any US citizen/resident alien who becomes a member of the Idaho CapEd Foundation with a one-time $20 membership fee. The Foundation is a “501(c)(3)e non-profit organization supporting educators across Idaho through monthly grants to Idaho educators.”

Employees, retirees, volunteers, and students of any public, private, or parochial school in any of the following locations also qualify for membership.

Idaho Counties: Ada, Adams, Blaine, Boise, Camas, Canyon, Cassia, Elmore, Gem, Gooding, Jerome, Lincoln, Minidoka, Owyhee, Payette, Valley, or Washington.

Twin Falls County School Districts: Buhl, Castleford, Filer, Hansen, Murtaugh, or Twin Falls, or the College of Southern Idaho or Xavier Charter School.

Immediate family or household members of a current CapEd members or a CapEd membership-eligible individual are also eligible membership. Immediate family is defined as “parents, step-parents, adoptive parents, siblings, step siblings, adoptive siblings, grandparents, grandchildren, and spouses.”

Joining CapEd and/or opening a Promo Share Certificate can be done online, or at any of ten Idaho branches located in Boise (3), Eagle, Kuna, Meridian (2), Nampa (2), and Twin Falls. According to CapEd’s Locations page,

Due to staffing limitations, some CapEd branch locations may temporarily close from 1:00pm - 2:00pm. If you're planning on visiting in this timeframe, we highly recommend calling your branch prior to your visit to confirm availability.

A $5 minimum deposit in a Primary Savings account establishes a CapEd membership.

CapEd participates in both the CO-OP Shared Branch and ATM networks.

Credit Unions have joined together and created “shared” branches. This means you can go into any credit union participating in shared branching and access some of the same features you'd be able to access as if it were your credit union.

Credit Union Overview

Capital Educators Federal Credit Union has an overall health grade of "B+" at DepositAccounts.com, with a Texas Ratio of 3.82% (excellent) based on December 31, 2021 data. In the past year, CapEd has increased its total non-brokered deposits by $143.38 million, an excellent annual growth rate of 17.55%. Please refer to our financial overview of Capital Educators Credit Union (NCUA Certificate # 1040) for more details.

Capital Educators Federal Credit Union was originally established in 1936 as the Boise Teachers Federal Credit Union. Thirteen Boise teachers founded the new credit union, which had a total of $610 in loans and $596 in deposits at the end of the first year. Mergers in 1972 and 2005 with two other Idaho “Teacher” credit unions helped grow the membership. In 2012, the Idaho CapEd Foundation was established and CapEd’s chartered changed, permitting virtually anyone to join. CapEd is currently the fourth largest credit union headquartered in Idaho, with assets in excess of $1.13 billion and nearly 91,000 members.

How the 12-Month Promo Share Certificate Compares

When compared to similar length-of-term CDs tracked by DepositAccounts.com that are available nationally and have minimum deposit requirements of $10k or less, two banks have higher rates than offered on the CapEd 12-Month Promo Share Certificate. The following table compares the 12-Month Promo Share Certificate to the two highest-rate CDs from other credit unions and the two highest-rate CDs from banks.

The above information and rates are accurate as of 3/14/2022.

To search for the best CD rates, either nationwide or state specific, please refer to our CD Rates Table page.

Related Pages: Boise CD rates, Twin Falls CD rates, 1-year CD rates, 5-year CD rates, nationwide deals

Comments
CapEd Federal Credit Union Offers High Yield Checking Nationwide
Deal Summary: High Yield Checking, 2.50% APY on qualifying balances up to $10k, multiple High Yield Checking accounts can be opened.

Availability: Easy membership requirement

It’s been almost three years since I last wrote about Idaho-based Capital Educators Federal Credit Union (CapEd). While CapEd had been an easy membership requirement (EMR) credit union since 2012, for some unexplained reason, the EMR status was abruptly changed in early 2018. The new field of membership (FOM) was narrowed to those working in the Idaho educational industry, definitely limiting DA...

Continue Reading
CapEd FCU Boosts 60-Month Promo Rate CD

UPDATE 4/19/2018: CapEd is no longer an easy membership requirement credit union.

Deal Summary: 60-months Promotional Rate Share Certificate, 3.00% APY, $500 minimum deposit

Availability: Easy membership requirement Individuals who work for, volunteering for, or are retired from any position in the State of Idaho’s educational industry.

CapEd Federal Credit Union (CapEd) added a series of Promotional Rate Share Certificates (PRSC) almost four years ago, which have offered competitive APYs on a limited-time basis. At the beginning of the week, CapEd raised the rates on all three PRSC, but...

Continue Reading
CapEd FCU Hikes Rates On Promotional Share Certificates
Deal Summary: Promotional Rate Share Certificates – 12-months (1.70% APY), 24-months (1.90% APY), 60-months (2.40% APY), $500 minimum deposit, new money.

Availability: Easy membership requirement

CapEd Federal Credit Union (CapEd) added a series of Promotional Rate Share Certificates (PRSC) more than three years ago, which have offered competitive APYs on a limited-time basis. At the beginning of the week, CapEd raised the rates on all three PRSC to all-time highs: 12-months (1.70% APY), 24-months (1.90% APY), and 60-months (2.40% APY).

While CapEd’s regular Share Certificates have...

Continue Reading
CapEd FCU Offers $100 Bonus On New High Yield Checking Accounts
Availability: Easy membership

Get $100 or Give $200

That’s the choice you have when opening a new High Yield Checking account at Capital Educators Federal Credit Union (CapEd). The "We Love Teachers" promotion offers the option of having $100 deposited into the new High Yield Checking account, or donating the $100 to WeLoveTeachers.org, and having CapEd match that donation with another $100.

High Yield Checking

CapEd’s High Yield Checking earns 2.50% APY on qualifying balances up to $10k, with qualifying balances of $10k+ earning 0.20% APY; all non-qualifying balances earn 0.05%...

Continue Reading
5 Days Only - 3 Top-Rate CD Specials at CapEd FCU

UPDATE 9/8/2015: Boise Balloon Specials no longer available.

Availability: Easy membership

Now through this Saturday, September 5, 2015, Capital Educators Federal Credit Union (CapEd) is offering three "Boise Balloon" Share Certificate (CD) Specials: 15-month CD (1.55% APY), 25-month CD (1.80% APY), and 35-month CD (2.00% APY).

The minimum opening deposit for all three CDs is $500 of new money, with no maximum balance cap. An additional $1K deposit is required on renewing CDs.

This promotional offer also includes the "Boise Balloon Bump," which is described as,

The Boise Balloon Bump and...

Continue Reading

More Past Offers



The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.