CD rates in the upper 2% range still exist: Clackamas Federal Credit Union’s (Clackamas FCU) 60-month Share Certificate currently earns 2.70% APY. The minimum opening deposit is $500, with no stated balance cap.
An additional “Member Perks” 15 bps are available on the 60-month Share Certificate, giving it a 2.85% APY. The Truth-In-Savings document explains how to qualify for the 15 bps.
On your fourth product take advantage of a .15% increase on Share Certificates or .25% decrease on fixed rate and term loans. Required products include a savings account, a checking account, and one additional deposit or loan product.
The 60-month Share Certificate is also offered as an IRA (Traditional, Roth, CESA), but with an APY 40 bps lower.
As stated in the Truth-In-Savings document, the Early Withdrawal Penalty reads as follows:
Terms 24 months and greater = 270 days dividends
Last May, Clackamas FCU unveiled its new rewards checking account, Amplify Checking, with an initial 3.00% APY on qualifying balances up to $15k; that rate is still in effect.
There’s only one qualification requirement: at least 12 debit card purchases that post and clear during each monthly qualification cycle.
The Amplify Checking account has no monthly service fee, no minimum balance requirement, and no minimum opening deposit requirement. Nationwide ATM fees will be reimbursed up to $25 per month, if qualifications are met. eStatements are free, but there is a $3 fee for each paper statement requested.
Headquartered in Milwaukie, Oregon, Clackamas Federal Credit Union’s field of membership (FOM) is residency-based, with individuals who live, work, worship, or attend school in Clackamas County eligible for membership.
Family members of current Clackamas FCU members are also welcome to apply.
Joining Clackamas FCU and/or opening an Amplify Checking account can be done online, but opening a CD cannot be done online. Clackamas FCU has temporarily closed four of its eight Oregon branches, but in-branch appointments at the Canby, Happy Valley, Sandy, and Oregon City branch locations can be scheduled by calling the individual branch. Appointments are available Monday through Friday (9:00 am to 5:30 pm) and Saturday (9:00 am to 1:00 pm).
Your Regular Share account ($5 minimum) is required to
established your ownership as a member of Clackamas.
Clackamas FCU participates in the CO-OP Shared Branch network, the second largest branch network in the country, with more than 5,600 credit union branches and self-service Shared Branch express terminals in all 50 states.
Credit Union Overview
Clackamas Federal Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 2.81% (excellent) based on December 31, 2019 data. In the past year, Clackamas FCU has increased its total non-brokered deposits by $21.17 million, an excellent annual growth rate of 6.21%. Please refer to our financial overview of Clackamas Federal Credit Union (NCUA Charter # 11793) for more details.
Established in 1957 as the CLACKLO Federal Credit Union, the original FOM was limited to county, municipal, state, and federal employees who worked in Clackamas County. Following the 1984 merger with the Milwaukie Community Credit Union, the Credit Union rebranded as Clackamas Federal Credit Union. Nearly 20 years later, a community charter was adopted, allowing the residents of Clackamas County to join. Clackamas FCU is currently Oregon’s 12th largest credit union, with more than 33,000 members and assets in excess of $413 million.
How the Share Certificate Compares
When compared to 189 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available within the FOM, Clackamas Federal Credit Union’s 60-Month Share Certificate APY currently ranks first*.
To look for the best CD rates, both nationwide and state specific, please refer to our CD Rates Table page.
How the Amplify Checking Compares
When compared to the High Yield Reward Checking Accounts tracked by DepositAccounts.com that are available within the FOM and have maximum qualifying balances of at least $15k, Clackamas Federal Credit Union’s Amplify Checking APY currently ranks third.*
To look for the best Reward Checking Account rates, both nationwide and state specific, please refer to our High Yield Reward Checking Account Rates Table page.
The above rates are accurate as of 4/17/2020.
*We continue to diligently work to keep our rates up-to-date, but there have been just too many rate cuts for us to process quickly. For the time being, please be aware that the rates listed at DepositAccounts.com may not reflect the latest rates published by the banks and credit unions.