HAPO Community CU Increases Rates on 3-, 4- and 5-Year CDs

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Washington State Residents and Residents of Umatilla County, Oregon

Yesterday, Washington State’s HAPO Community Credit Union (HAPO) raised the rates on three of its Certificate Accounts (CDs):

3-Year CD (1.70% APY), 4-Year CD (2.00% APY), and 5-Year CD (2.50% APY)

The minimum deposit for all three CDs is $5K, with no maximum balance cap.

All three CDs are also available as IRAs (Traditional, Roth and CESA) at the same APYs, with the same funding requirements.

APYMINMAXINSTITUTIONPRODUCTDETAILS
2.05%$5k-HAPO Community Credit Union5 Year CD
2.05%$5k-HAPO Community Credit Union5 Year IRA (Traditional, CESA, Roth)
1.60%$5k-HAPO Community Credit Union4 Year CD
1.60%$5k-HAPO Community Credit Union4 Year IRA (Traditional, Roth, CESA)
1.20%$5k-HAPO Community Credit Union3 Year CD
1.20%$5k-HAPO Community Credit Union3 Year IRA (Traditional, Roth, CESA)
Accounts mentioned in this post. Rates as of August 27, 2016.

As stated on the Certificate Accounts page, the Early Withdrawal Penalty is as follows:

The amount of the withdrawal penalty is based on the penalty schedule:

  • Terms of 24-36 months – 180 days dividends
  • Terms of 48 months – 270 days dividends
  • Terms of 60 months or more – 365 days dividends
  • Availability

    HAPO Community Credit Union offers membership to individuals who live, work, worship or attend school in Washington State, or live and/or work in Umatilla County in Oregon State. If you have a relative who is a member or is eligible to become a member, you also qualifying for membership.

    Joining HAPO can be done online,, by mail, or by visiting any of 13 Washington branches located in Richland (3), Kennewick (3), Pasco (2), Sunnyside, Walla Walla and Yakima (3), or the single Oregon branch in Hermiston. HAPO’s Membership Application is available for download to facilitate the application process. (N.B. If you are under 18, you must open your account at a branch location.)

    HAPO’s Internet Banking services are limited to account management and bill payment, and opening a CD requires a branch visit.

    Credit Union Overview

    HAPO Community Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas ratio of 1.86% (excellent) based on September 30, 2014 data. In the past year, HAPO has increased its total deposits by $37.63 Million, an excellent annual growth rate of 3.52%. Please refer to our financial overview of HAPO Community Credit Union for more details.

    HAPO Community Credit Union (NCUA Certificate # 68239) was founded in 1953 by a group of employees at the Hanford nuclear production site (now decommissioned), as the Hanford Atomic Products Operations. HAPO is now a community oriented credit union with over 120,000 members and holds assets in excess of $1.2 Billion.

    How the CDs Compare

    When compared to other similar length-of-term CDs tracked by DepositAccounts.com, that require a similar minimum deposit and are available to Washington State residents, HAPO Community Credit Union's 3-, 4- and 5-year CDs are all competitive:

    These rates are accurate as of 1/7/2015.

    To look for the best nationwide CD rates and the best CD rates in your state, please refer to our CD rates table.

    Comments
    Top CD Rates in Washington State at HAPO Community Credit Union

    HAPO Community Credit Union has two very competitive long-term CD and IRA CD rates. These are 2.20% APY for the 5-year term and 2.10% APY for the 4-year term. Minimum deposit is $5,000. These rates are listed in the credit union's certificate rates page as of 7/5/2012.

    My last report on this credit union in 2011 when it was offering competitive short-term CD rates, but those rates are much less competitive today.

    Under the CD rate table, the credit union lists many of the CD features. One nice feature is a mild...

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    Top CD Rates at HAPO Community Credit Union - Washington State Only

    With the new month, many banks and credit unions have changed their rates. Unfortunately, most of the changes have been rate cuts, but there are a few bright spots. One is HAPO Community Credit Union which raised its 6-month and 12-month CD rates to very competitive levels: 1.25% APY for 6 months and 1.35% APY for 12 months. The longer terms also also competitive. Some of these include a 1.60% APY 2-year CD and a 2.10% APY 3-year CD. Minimum deposit is $5,000. These rates are listed in the credit...

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    Top CD Rates at HAPO Community Credit Union - Washington State Only

    HAPO Community Credit Union is offering some competitive mid-term CD and IRA CD rates. The best include a 1.50% APY 18-month CD, a 2.15% APY 3-year CD and a 2.40% APY 4-year CD. Minimum deposit is $5,000. These rates are listed in the credit union's rates page as of 2/24/2011.

    These rates compare favorably to the best rates available at internet banks. The best 18-month CD rate is 1.55% APY at Incredible Bank, and the best 3-year CD rate is 2.00% APY at OneWest Bank. For credit unions with easy membership,...

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    3.60% 6-Month / 3.65% 12-Month CD at a Washington State CU (HAPO Community)
    HAPO Community Credit Union has some competitive short-term certificate rates. These include a 3.60% APY 6-month CD, and a 3.65% APY 12-month CD. The minimum deposit is $5,000. A yield of 3.65% APY is available for a $100,000 minimum.

    Washington State must have some friendly credit union laws since so many of its credit unions have easy membership for those in the state. HAPO is another one. Membership is available to anyone who lives, works, worships or attends school in Washington State. You may even become a member if you have...

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