Horizon Credit Union Has 13- And 26-Month Special Certificates

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Deal Summary: 13-month Special Certificate (1.46% APY, $1k minimum); 26-month Special Certificate (1.71% APY, $1k minimum, new money).

Availability: Residents of Washington State, eight Idaho Panhandle Counties, and 14 western Montana Counties.

Washington-based Horizon Credit Union (Horizon CU) has raised the rates on its 13-month Special Certificate (1.46% APY) and 26-month Special Certificate (1.71% APY). The minimum opening deposit is $1k, with no stated balance cap. According to the fine print on the Rates page, the 26-month Special Certificate requires new money, while the 13-month Special Certificate does not.

The 13-month Special Certificate is a fairly new product, having been added in early March, earning 1.21% APY. The 26-month Special Certificate, on the other hand, has been available for six years, and has experienced 14 rate changes. Last week’s 30 bps increase has resulted in its highest APY.

The fine print on the Rates page states,

Early withdrawals are subject to forfeiture of all dividends earned on share certificates.

This Early Withdrawal Penalty is unique to the Special Certificates.

Availability

Headquartered in Spokane Valley, Horizon Credit Union’s field of membership (FOM) is primarily residency based, with individuals who live, work, or worship in the following locations eligible for membership:

Washington State - all school districts

Idaho Counties - Benewah, Bonner, Boundary, Kootenai, Latah, Lewis, Nez Perce, and Shoshone

Montana Counties - Beaverhead, Broadwater, Deer Lodge, Gallatin, Granite, Jefferson, Lake, Lewis and Clark, Mineral, Missoula, Powell, Ravalli, Sanders, and Silver Bow.

In addition, federal employees living or working in Region One of the United States Forest Service are also eligible for membership.

Joining Horizon Credit Union and/or opening an Special Certificate can be done at any of 22 branches located in Washington (Colville, Davenport, Deer Park, Ephrata, Liberty Lake, Moses Lake [2], Spokane [3] and Spokane Valley [4]); Idaho (Coeur de Alene, Ponderay, Post Falls, and Sandpoint); and Montana (Butte, Missoula [2], and Warm Springs).

Credit Union Overview

Horizon Credit Union has an overall health grade of "A+" at DepositAccounts.com, with a Texas ratio of 2.63% (excellent) based on December 31, 2016 data. In the past year, Horizon CU has increased its total non-brokered deposits by $64.06 million, an excellent annual growth rate of 9.01%. Please refer to our financial overview of Horizon Credit Union (NCUA Charter # 67264) for more details.

Horizon Credit Union was originally founded in 1947 as the Kaiser Employees Federal Credit, serving the employees of Kaiser Aluminum. In 1966, Horizon’s assets had reached $2 million, and soon after, a series of charter expansions began. A final name change to Horizon Credit Union took place in 1991, after changing from a Federal to a State chartered credit union. Following mergers with eight other credit unions (located in Washington, Idaho and Montana), Horizon Credit Union has over 68,400 members and assets in excess of $908 million.

How the CD Compares

When compared to the 302 similar length-of-term CDs tracked by DepositAccounts.com, which require a similar minimum deposit and are available to Washington State residents, Horizon Credit Union's 13-month Special Certificate APY ranks second.

When compared to the 288 similar length-of-term CDs tracked by DepositAccounts.com, which require a similar minimum deposit and are available to Washington State residents, Horizon Credit Union's 26-month Special Certificate APY ranks second.

The above rates are accurate as of 4/24/2017.

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


Comments
Horizon CU's 26-Month Special Certificate APY Hits 4 Year High
Availability: Residents of Washington State, eight Idaho Panhandle Counties, and 14 western Montana Counties.

Washington-based Horizon Credit Union (Horizon CU) began International Credit Union Week by raising the rate on its 26-month Special Certificate (1.61% APY). The minimum opening deposit is $1k of new money, with no stated balance cap.

For the past four years, the 26-month Special Certificate’s APY has been stuck at a low 0.71% APY. This week’s 90 basis point increase results in an APY that equals the highest rate ever for this Certificate;...

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Horizon CU Boosts Rate On 18-Month Special Certificate
Availability: Residents of Washington State, eight Idaho Panhandle Counties, and 14 western Montana Counties.

Over the weekend, Washington based Horizon Credit Union (Horizon CU) raised the rate on its 18-month Special Certificate (1.71% APY). The minimum opening deposit is $1k, with no balance cap.

In the past 15 months, the 18-month Special Certificate’s APY has hovered between 1.11% and 1.25%, and this latest 46 basis point increase resulted in the highest APY in nearly three years.

The fine print on the Union’s Certificates Rate page states,

Rate shown...
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Horizon Credit Union (WA) Has Competitive 15- and 18-month Special CDs

Availability:

Residents of Washington State, eight Idaho Panhandle Counties, and seven northwestern Montana Counties.

Horizon Credit Union (WA) is offering two competitive Special Certificates (CD): a 15-month Special CD (1.61% APY) and an 18-month Special CD (1.31% APY).

The 15-month Special CD requires a minimum $10K deposit of new money, with no balance cap.

The 18-month Special CD requires a minimum $1K deposit and has no balance cap, but does require a checking account relationship that includes direct deposit.

As stated on Horizon Credit Union’s Disclosure page, the Early Withdrawal...

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Horizon Credit Union increased its 5-year CD yield this week to 2.22%. Minimum deposit is $1,000. The credit union also has a special 35-month CD with a 1.51% APY, but this requires a $10K minimum deposit along with a checking account and direct deposit. Its other CD rates are much lower. These rates are listed in the credit union’s certificates rates page as of 9/13/2013.

I last reported on this credit union in August when it was offering a hot 18-month CD special. That special has ended. While this CD special...

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Hot 18-Month CD Special at Horizon Credit Union in WA, ID and MT

There is competition for your money in the Spokane area of Washington State. Yesterday, I reported on the CD special at Numerica Credit Union. Today I came across an even better CD special at Horizon Credit Union. It’s an 18-month CD with a 2.02% APY. Minimum deposit is $10,000, and new money is required. The offer is scheduled to end on August 30. This CD special is listed in the credit union’s certificates rates page as of 8/9/2013.

Credit union membership is open to residents of Washington State, parts of northern...

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