Horizon Credit Union (WA/ID/MT) Adds 60-Month Special CD (3.04% APY)

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Deal Summary: 60-month Special Certificate, 3.04% APY, $1k minimum deposit, direct deposit to a Horizon Credit Union checking account required.

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

Washington-based Horizon Credit Union (Horizon CU) has added a limited-time 60-month Special Certificate that can earn 3.04% APY. The minimum opening deposit is $1k, with no stated balance cap.

APYMINMAXINSTITUTIONPRODUCTDETAILS
3.04%$1k-Horizon Credit Union60 Month CD Special w/ Checking
Rates as of April 20, 2018.

I say “can earn” because the fine print on the Certificates Rate page states,

Rate shown is available for a limited time only and includes 0.50% APY bump for
members who establish direct deposit to a Horizon Credit Union checking account.

60 month special without bump = 2.53% APY.

Note – The 60-month Special Certificate w/o the rate bump has an APY 10 bps higher than Horizon CU’s 60-month non-special CD, that requires a $100k minimum to earn 2.43% APY.

As stated in the Truth In Savings disclosure, the Early Withdrawal Penalty (unique to Horizon CU’s Special Certificates) reads as follows:

The penalty is forfeiture of all dividends earned
and paid to the account at time of early withdrawal.

26-month Special Certificate

Two months ago, I wrote about Horizon CU’s 26-month Special Certificate. The 2.32% APY is still in effect. Unlike the 60-month Special Certificate, the 26-month does not require a checking relationship, but it does requires new money ($1k minimum) to open.

APYMINMAXINSTITUTIONPRODUCTDETAILS
2.32%$1k-Horizon Credit Union26 Month CD Special (New Money)
Rates as of April 20, 2018.

Horizon CU offers Excess Share Insurance, which provides an additional $250k of coverage beyond the NCUA’s standard $250k coverage.

Availability

Headquartered in Spokane Valley, Horizon Credit Union’s field of membership 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 the 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 2.59% (excellent) based on December 31, 2017 data. In the past year, Horizon CU has increased its total non-brokered deposits by $54.82 million, an excellent annual growth rate of 7.08%. 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, the Credit Union’s assets had reached $2 million, and soon thereafter, a series of charter expansions began. The Horizon Credit Union re-brand happened in 1991, after a change from a federal to a state charter. Following mergers with eight other credit unions (located in Washington, Idaho, and Montana), Horizon Credit Union currently has nearly 71,000 members and assets in excess of $948 million.

How the Special CD Compares

When compared to the 200 similar length-of-term CDs tracked by DepositAccounts.com, which require a similar minimum deposit and are available with the FOM, Horizon Credit Union's 60-month Special CD APY currently ranks first.

Interest RateCD Length of TermCredit Union/Bank
3.04% APY60-Month Special CD w/direct depositHorizon Credit Union
3.00% APY60-Month CDUtah First Federal Credit Union
2.89% APY60-Month Smart CertificateUnited States Senate Federal Credit Union

The above rates are accurate as of 4/11/2018.

Looking for the best CD rates, both nationwide and in your state? Please refer to our CD Rates Table page.

Related Pages: Butte CD rates, Missoula CD rates, Spokane CD rates, 5-year CD rates

Comments
Horizon Credit Union (WA/ID/MT) Offers 26-month Special CD
Deal Summary: 26-month Special Certificate, 2.32% 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) is currently offering a limited-time 26-month Special Certificate that earns 2.32% APY. The minimum opening deposit is $1k of new money, with no stated balance cap. Horizon CU offers Excess Share Insurance, which provides an additional $250k of coverage beyond the NCUA’s standard $250k coverage.

I had a conversation with a Member Services Representative (MSR) concerning...

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Horizon CU (WA/ID/MT) Ups 15-Month Special CD Rate
Deal Summary: 15-month Special Certificate - 2.02% APY, direct deposit to a checking account required; 1.76% APY, without direct deposit; $10k minimum, new money.

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

Washington-based Horizon Credit Union (Horizon CU) ended last week by raising the rate on its 15-month Special Certificate up to 2.02% APY. The minimum opening deposit is $10k of new money, with no stated balance cap. (Horizon CU offers Excess Share Insurance, which provides an additional $250k of coverage...

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

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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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