Icon Credit Union (ID/OR) Adds New High-Yield Checking


Deal Summary: High-Yield Checking, 2.50% APY up to $10k

Availability: Residents of seven Idaho and two Oregon counties.

Last November, Icon Credit Union (Icon CU) debuted its High-Yield Checking account that earns 2.50% APY on qualifying balances up to $10k, with non-qualifying accounts earning 0.05% APY on the entire balance. Unlike most Rewards Checking Accounts, the High-Yield Checking doesn’t earn any interest on qualifying balances above the set maximum ($10k).

2.50%-$10kIcon Credit UnionHigh-Yield Checking
Accounts mentioned in this post. Rates as of September 26, 2017.

High-Yield Checking Requirements

  • At least 15 debit card tranactions.
  • At least one Direct Deposit (no minimum amount).
  • Be enrolled in eStatements.
  • At least one monthly Online Banking login.

The High-Yield Checking account has no minimum balance requirement or monthly service fee. Icon CU members have access to more than 25,000 fee-free ATMs through the Free MoneyPass network, so there are no ATM fee reimbursements.


Headquartered in Boise, Idaho, Icon Credit Union field of membership (FOM) is residency based, with individuals who live or work in the Idaho counties of Ada, Adams, Canyon, Kootenai, Shoshone, Valley, and Washington, or the Oregon counties of Union and Wallowa, eligible for membership.

Individuals with immediate family and household members who are current or eligible Icon CU members are also qualify for membership.

Joining Icon Credit Union can be done online, or at any of nine Idaho branches located in Boise (7), Coeur D’Alene, and Meridian, or the sole Oregon branch, located in La Grande.

Opening a High-Yield Checking account can also be done online, or at any of the above mentioned branch locations.

Credit Union Overview

Icon Credit Union has an overall health grade of "A+" at DepositAccounts.com, with a Texas ratio of 2.26% (excellent) based on September 30, 2016 data. In the past year, Icon CU has increased its total non-brokered deposits by $12.73 million, an excellent annual growth rate of 5.9%. Please refer to our financial overview of Icon Credit Union (NCUA Charter # 68594) for more details.

Icon Credit Union is currently Idaho’s seventh largest credit union, with more than 24,500 members and assets in excess of $265 million. Founded in 1952 as the Idahy Federal Credit Union (IFCU), the initial FOM was limited to employees of the Idaho Department of Highways. Steady growth in assets, members, and employees, marked the next 50 years of the Credit Union’s history.

In 2003 and 2005, IFCU merged with Sho-Pan Hi Federal Credit Union and the Boise Cascade Employees Credit Union, respectively. IFCU converted its federal charter to a state charter in 2008, in order to expand their field of membership at minimal cost. In 2010, the Credit Union was re-branded as Icon Credit Union, and four years later, a merger Boise U.S. Federal Credit Union occurred.

How the High-Yield Checking Compares

When compared to the 46 High Yield Reward Checking Accounts tracked by DepositAccounts.com that are available within the FOM and have maximum qualifying balances of at least $10k, Icon Credit Union’s High-Yield Checking APY currently ranks fourth.

The above rates are accurate as of 2/15/2017.

To look for the best Reward Checking Account rates, both nationwide and state specific, please refer to our High Yield Reward Checking Account rates table or our Rates Map page.

Icon Credit Union (ID) New Highly Competitive 21-Month CD Special

In early July, I wrote about Icon Credit Union’s (ID) 1-Year CD Special (1.25% APY). The 1-Year CD Special is still available (although the website states "Limited Time Only!"), and today, Icon Credit Union (ICU) began offering a new 21-month CD Special (1.60% APY).

Like the 1-Year CD Special, the 21-month CD Special has a $500 minimum opening deposit, with no maximum balance cap, and requires money new to Icon Credit Union.

As stated on ICU’s Truth In Savings document, the Early Withdrawal Penalty is as follows:


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Top 1-Year CD Rate Special at Icon Credit Union in ID and OR

Icon Credit Union has a CD special with a very competitive rate. It’s a 12-month CD with a 1.25% APY. Minimum deposit is $500, and new funds are required. This is a limited time special. The CD is listed in the credit union’s CD page as of 7/9/2014.

Another nice aspect of this credit union is that it offers a free checking account with no minimum balance requirements and no monthly service fees. The credit union is part of the MoneyPass ATM network which allows members access to tens of thousands...

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