Goldenwest Credit Union (UT) Ups 60-Month CD Rate


Deal Summary: 60-month CD, 2.55% APY, $500 minimum deposit

Availability: Residents of six Utah counties; employees and members of many SEGs.

Goldenwest Credit Union (Goldenwest CU) started the month by raising the rate on its 60-month CD (2.55% APY). The minimum deposit is $500, with no stated balance cap.

In the past eight months, the 60-month CD has had four rate increases, adding a total of 30 bps.

3.50%$500-Goldenwest Credit Union60 Month CD
3.50%$500-Goldenwest Credit Union60 Month IRA Certificate (Traditional, Roth, CESA)
Rates as of January 17, 2019.

The 60-month CD is also available as an IRA (Traditional, Roth, CESA), earning the same APY with the same funding requirements.

According to CSR, the Early Withdrawal Penalty (EWP) is “365 days of dividends.”

As I mentioned a couple weeks ago, Utah banks and credit unions have been bucking the trend of flattening long-term CD rates. At last count, there are seventeen 5-year CDs with APYs between 2.50% and 2.60% offered by Utah banks and credit unions.


Headquartered in Ogden, Utah, Goldenwest Credit Union’s field of membership (FOM) is primarily residency-based, with individuals who live, work, worship, attend school, or volunteer in Salt Lake County or Weber County eligible to join.

In addition, residents of portions of Cache, Davis, Utah, and Washington Counties also qualify for membership.

Employees, volunteers, students, and alumni of many SEGs companies (including Utah State University, Intermountain Healthcare, and SelectHealth) are eligible for membership.

Immediate family members (defined as parent, child, sibling, spouse, grandparent, step and adoptive relationship) of current Goldenwest CU, USU Credit Union, and/or Healthcare Credit Union members are membership eligible.

Complete details are listed on the Membership Eligibility Requirements page.

At the end of March, Goldenwest CU completed its merger with Salt Lake City-based Health Care Credit Union, adding over 7,600 members and $76 million in assets.

Joining Goldenwest CU can be done online or at any of 37 Utah branches located in Bountiful, Brigham City, Centerville, Clearfield, Clinton, Herriman, Kaysville, Layton, Lehi, Logan (4), Morgan, Murray (3), Ogden (6), Orem, Providence (2), Riverton, Roy, Saint George, Salt Lake City (2), Sandy (2), Smithfield, South Jordan, West Jordan, and West Valley.

Opening a CD must be done in-branch, at any of the above mentioned full-service branches.

Credit Union Overview

Goldenwest Credit Union has an overall health grade of "A+" at, with a Texas Ratio of 2.32% (excellent) based on June 30, 2017 data. In the past year, Goldenwest CU has increased its total non-brokered deposits by $158.36 million, an excellent annual growth rate of 15.55%. Please refer to our financial overview of Goldenwest Credit Union (NCUA Certificate # 24693) for more details.

Goldenwest Credit Union is currently Utah’s third largest credit union, with nearly 124,000 members and assets in excess of $1.3 billion. Founded in 1936 as the Ogden Railway and Depot Company Employees Federal Credit Union, the Credit Union was organized by eight individuals, including Karl S. Little, who was known as Utah’s “Mr. Credit Union.”

Last December, Goldenwest CU announced a $1.4 million annual bonus dividend, “based on a 4.15 annual percentage yield applied to each member’s average daily balance of shares during 2016.” Goldwest CU has returned $9.4 million through its bonus dividend program over the past 13 years.

How the CD Compares

When compared to 234 similar length-of-term CDs tracked by that require a similar minimum deposit and are available within the FOM, Goldenwest Credit Union's 60-month CD APY currently ranks second.

The above rates are accurate as of 10/7/2017.

To search for the best CD rates, both nationwide and state specific, please refer to the CD rates section of or our Rates Map page.

Related Pages: Salt Lake City CD rates, 5-year CD rates


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