Horizon CU's 26-Month Special Certificate APY Hits 4 Year High

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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.

APYMINMAXINSTITUTIONPRODUCTDETAILS
1.61%$1k-Horizon Credit Union26 Month Special CD
Accounts mentioned in this post. Rates as of December 2, 2016.

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; that rate occurred in 2011 and the APY only lasted about three weeks.

As stated on Horizon CU’s Disclosure page, the Early Withdrawal Penalty is as follows:

On terms 13 months and over, the penalty will be 180 days dividends. The penalty is calculated as a forfeiture of part of the dividends that have been or would be earned on the account.

Availability

Headquartered in Spokane Valley, Horizon Credit Union’s field of membership is primarily residency based, with individuals who reside, 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.

Other - 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 a Certificate Special can be done at any of 23 branches located in Washington (Colville, Davenport, Deer Park, Ephrata, Liberty Lake, Moses Lake [2], Spokane [4] 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 (NCUA Charter # 67264) has an overall health grade of "A+" at DepositAccounts.com, with a Texas ratio of 2.61% (excellent) based on June 30, 2016 data. In the past year, Horizon CU has increased its total deposits by $114.52 million, an excellent annual growth rate of 18.8%. Please refer to our financial overview of Horizon Credit Union 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, following the transfer 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 67,600 members and assets in excess of $828 million.

How the Special Certificate Compares

When compared to the 283 similar length-of-term CDs tracked by DepositAccounts.com, that require a similar minimum deposit and are available to Washington State residents, Horizon Credit Union's 26-month Special Certificate APY currently ranks second.

The above rates are accurate as of 10/17/2016.

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
Anonymous
Anonymous   |     |   Comment #1
If Mr. Trump wins the election I would for certain consider seriously a shorter CD, one to two years, twenty-six months, whatever.  Trump will not be able to turn things around instantly, at least I don't think he will.

But if Mrs. Clinton is victorious I will be looking for a continuation of the Obama years with very low rates for a long time.  Should she win I will be slamming money as quickly as possible into five year CDs, possibly even longer CDs that that, starting on November ninth, at the highest interest rates I can locate today.

It would surely be a help knowing right now who is going to win this contest for POTUS.  But there is simply too much uncertainty for me to be able to commit funds to CDs at this time in a major way.
RichReg
RichReg   |     |   Comment #3
Should she win I will be slamming money as quickly as possible into five year CDs, possibly even longer CDs that that, starting on November ninth, at the highest interest rates I can locate today.

Better move before that...they'll drop like a rock the day after that happens.
anonymous
anonymous   |     |   Comment #2
Mr. Trump will never turn anything around, he will take us down so far and be the worst President ever elected. 
Anonymous
Anonymous   |     |   Comment #4
If inflation continues to be low as it has been mostly the past decade, than the interest rates we recieve in the banks will continue to be low. When the inflation goes higher than the interest rates we recieve in the banks will go higher. Its a reflection of inflation , no more no less. When we get higher interest rates in the banks than we will have higher inflation. So its mainly a mirage that we are making more money.
When we got really higher savings rates in the late 1970s early 1980s there was tremondously high inflation.
Anonymous
Anonymous   |     |   Comment #5
THEN Then then
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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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.

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