Columbia Credit Union (WA) Adds 25-Month Certificate

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Deal Summary: 25-month Certificate, 2.65% APY, $5k minimum deposit (at least 50% new money), one-time bump up option.

Availability: Residents of Washington State and four northwest Oregon counties.

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.

APYMINMAXINSTITUTIONPRODUCTDETAILS
1.20*%$100k-Columbia Credit Union (WA)24 Month CD
OTHER TIERS: 1.05% $500 - $10k | 1.10% $10k - $50k | 1.15% $50k - $100k
Rates as of July 18, 2018.

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.

Availability

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.

Joining Columbia CU and/or opening the 25-month Certificate can be done online or in person at any of twelve Washington branches located in Battle Ground, Ridgefield, Vancouver (9), and Washougal.

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.

Related Pages: Portland CD rates, 5-year CD rates

Comments
John
John   |     |   Comment #1
Hello Sir,
when will you start giving 5% CDs?
Marcus Ulpius Trajan
Marcus Ulpius Trajan   |     |   Comment #2
With the exception of Sharonview, no other financial institution appears willing, as yet, to risk locking itself in to high rate certificates of deposit for longer terms. IMO, the recovery will have to shift into a higher gear and show indication of sustainability before this situation changes.

Right now I am seeing no such shift in process. In fact, if this fall's election forces the country back into more of an Obama economy, I believe interest rates likely will stabilize or even fall. The people running our financial institutions appear to perceive that jeopardy as well. Except at Sharonview, they do not want to risk commitment to high CD interest rates while the economy is back in the doldrums with flagging loan demand. They correctly assess that as a formula for their financial ruin.

Their solution? Limit term risk. Pay higher rates but commit only to relatively shorter CD terms. That way, if the economy does go south, they are not left holding the bag. Smart.
Confederacy of Dunces
Confederacy of Dunces   |     |   Comment #3
Perhaps, what you mean to write is:

When even Trump supporters realize giving a few million dollars to billionaires does not trickle down, watch out below.
Marcus Ulpius Trajan
Marcus Ulpius Trajan   |     |   Comment #4
You are not close. It's always a poor idea to guess what I mean. My well-reasoned post was regarding prospects for CDs. Your post is a political post, and a hateful one at that. You do, however, live up well to your handle, as I do to mine.
ConfedrcyDunces
ConfedrcyDunces   |     |   Comment #11
You write: "It's always a poor idea to guess what I mean"

Agreed!
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Columbia Credit Union is offering a $250 bonus for opening and activating a new Columbia checking account. The offer is listed at the credit union's promotions page as of 8/27/2010. The small print states:

They don't state the required activity. However, they do state what is required for an active checking account. An active checking account is required to receive their other bonuses for a loan or mortgage. Here is what the small print states regarding an active checking:

Credit for this find goes to FW member juggler451 who posted it at...

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Branches are located in the Washington cities of Vancouver, Battle Ground, Ridgefield...



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