Columbia Credit Union (Columbia CU) started the new year by adding 100 bps to its 30-month CD, resulting in APYs up to 3.60%. I’m always wary when I see the phrase “up to,” because those two little words can signal some special requirement, such as a checking relationship. In this instance, “up to” is in reference to tiered APYs, which are based on deposit levels: 3.60% APY ($100k), 3.55% APY ($50k), 3.50% APY ($10k), and 3.45% APY ($500).
The 30-month CD is also offered as an IRA (Traditional, Roth, and CESA) earning the same tiered APYs, with the same funding requirements.
As stated on the Personal Certificate Rate Schedule page, the Early Withdrawal Penalty reads as follows:
The amount of the early withdrawal penalty is based on
the term of your account. The penalty schedule is as follows:
365 days or less – 90 days dividends; more than 365 days – 180 days dividends.
Headquartered in Vancouver, Washington, Columbia Credit Union’s field of membership (FOM) includes individuals who live or work in Washington State, or in any of the northwest Oregon counties of Clackamas, Marian, Multnomah, or Washington.
Family members of membership-eligible individuals are also eligible to join.
Credit Union Overview
Columbia Credit Union has an overall health grade of "A+" at DepositAccounts.com, with a Texas Ratio of 1.99% (excellent) based on September 30, 2018 data. In the past year, Columbia CU has increased its total non-brokered deposits by $155.04 million, an excellent annual growth rate of 13.84%. Please refer to our financial overview of Columbia Credit Union (NCUA Charter # 68186) for more details.
Columbia Credit Union was founded in 1952 as the SP&S Federal Credit Union, serving SP&S Railway employees. (The Spokane, Portland and Seattle Railway was a joint venture by Great Northern Railway and Northern Pacific Railway, which constructed a rail line along the northern bank of the Columbia River.) For the first six years, the Credit Union operated out of the basement of its founder, Delbert Thompson. In 1975, the Credit Union re-branded as Columbia Credit Union when a new charter was adopted, allowing railroad employees and community members to join. Columbia Credit Union is currently the ninth largest credit union in Washington, with more than 97,000 members and assets in excess of $1.4 billion.
How the CD Compares
When compared to 311 similar length-of-term CDs tracked by DepositAccounts.com that are available within the FOM, Columbia Credit Union’s 30-Month CD APY currently shares the top spot with Gesa Credit Union’s 36-month Bump Certificate, regardless of minimum deposit.
|Interest Rate||CD Length of Term||Credit Union/Bank|
|3.50% APY||30-Month CD ($10k min)||Columbia Credit Union|
|3.35% APY||2-Year Term Deposit ($500 min)||Mountain America Credit Union|
|3.30% APY||3-Year Popular Direct CD||Popular Direct|
The above rates are accurate as of 1/5/2019.
To look for the best CD rates, both nationwide and state specific, please refer to our CD Rates Table page.