Columbia Credit Union (Columbia CU) is celebrating its 65th Anniversary by offering a 25-month Certificate (2.65% APY). The minimum deposit is $5k, with no stated balance cap. At least 50% of the deposit “must be money not already on deposit at Columbia CU.”
The 25-month Certificate is also offered as an IRA (Traditional, Roth, and CESA) earning the same APY, with the same funding requirements.
The fine print on the promotion page states,
One time during certificate’s original term, you may increase the
rate to match Columbia CU’s then-current 24-month certificate rate.
Columbia CU’s 24-month Certificate currently has tiered APYs ranging from 1.05% to 1.20%. Chances are small that the bump-up feature will become useful in the next 2 years.
|1.20*%||$100k||-||Columbia Credit Union (WA)||24 Month CD|
|OTHER TIERS: 1.05% → $500 - $10k | 1.10% → $10k - $50k | 1.15% → $50k - $100k|
As stated on the Important Account Information 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 also qualify for membership.
Credit Union Overview
Columbia Credit Union has an overall health grade of "A+" at DepositAccounts.com, with a Texas Ratio of 1.84% (excellent) based on December 31, 2017 data. In the past year, Columbia CU has increased its total non-brokered deposits by $57.9 million, an excellent annual growth rate of 5.49%. 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.) 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 91,000 members and assets in excess of $1.3 billion.
How the Bump Up Certificate Compares
When compared to the 293 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available within the FOM, Columbia Credit Union’s 25-Month Certificate APY currently ranks first.
The above rates are accurate as of 3/30/2018.
To look for the best CD rates, both nationwide and state specific, please refer to our CD Rates Table page.