Spokane Teachers CU (WA/ID) Ups Rate On 24-36 Month Certificate


Availability: Residents of Washington State and eight northern Idaho counties.

Earlier this week, Spokane Teachers Credit Union’s (STCU) raised the rate on its 24-36 month Certificate (1.51% APY). This week’s 40 basis point increase is the first in almost four years. The minimum opening deposit is $2k, with no stated balance cap.

1.11*%$2k-Spokane Teachers Credit Union24-36 Month Certificate
OTHER TIERS: 0.25% $500 - $2k
1.11*%$2k-Spokane Teachers Credit Union24-36 Month IRA Certificate (Traditional, Roth, SEP)
OTHER TIERS: 0.25% $500 - $2k
Accounts mentioned in this post. Rates as of October 24, 2017.

The 24-36 month Certificate is also offered as an IRA (Traditional, Roth, and SEP) earning the same APY, with the same funding requirements.

A very nice feature of this Certificate is the ability to make additional deposits throughout the term of the Certificate.

You may add funds to your account amounting to no less than $25 per month and no more
than $5,000 per month, after your account is opened through all channels except home banking.

As stated on STCU’s Rates page, the Early Withdrawal Penalty reads, in part, as follows:

For 24- to 36-month Certificate, the amount of the early withdrawal penalty is 180 days' dividends.

$100 Bonus for Direct Deposit

STCU is offering a $100 Bonus for establishing a new Direct Deposit now through October 31, 2016. The following description appears on STCU’s “Start Using Direct Deposit” page. Please note that it is your responsibility to inform STCU that you have qualified for this bonus.

To qualify for the $100 bonus, please sign up for STCU direct deposit October 1-31, 2016.

There's no minimum checking account balance required to earn your $100 bonus.

The bonus will be deposited to your account after your direct deposit of $250 or more has posted for two consecutive months.

Please notify STCU when you have met the qualifications, and we will deposit $100 into your STCU account within 10 days.

Thanks to DA reader, stevel, for his Forum post about the Direct Deposit bonus.


Headquartered in Liberty Lake, Washington, membership in Spokane Teachers Credit Union is open to all individuals who live, work, worship, or attend school in Washington State, or in any of the northern Idaho counties of Benewah, Bonner, Boundary, Kootenai, Latah, Lewis, Nez Perce, or Shoshone.

Joining STCU and/or opening a CD can be done online or in person at any of 16 Washington branches located in Cheney, Liberty Lake (2), Newport, Spokane (10), and Spokane Valley (2), or five Idaho branches located in Coeur d’Alene (2), Dalton Gardens, Ponderay, and Post Falls.

STCU’s online application has been functional for more than a year. The offer of "we waive the standard $10 membership fee" if joining online is still being offered.

Credit Union Overview

Spokane Teachers Credit Union (NCUA Charter # 68203) has an overall health grade of "A+" at DepositAccounts.com, with a Texas ratio of 2.37% (excellent) based on June 30, 2016 data. In the past year, Spokane Teachers CU has increased its total deposits by $162.09 million, an excellent annual growth rate of 9.45%. Please refer to our financial overview of Spokane Teachers Credit Union for more details.

Spokane Teachers Credit Union is the 3rd largest credit union in Washington, with over 156,500 members and assets in excess of $2.3 billion. Washington State’s credit unions are unique in that membership (in almost every credit union) is open to virtually all residents of the state. Washington State Legislature’s rules on credit union membership limitations are broad and allow for liberal interpretation, resulting in universal membership eligibility, albeit limited to Washington State residents.

How the Certificate Compares

When compared to the 282 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available to Washington State and Idaho residents, Spokane Teachers Credit Union’s 24-36 Month Certificate APY currently ranks fourth. The Add-On feature only enhances the competitiveness of this Certificate.

The above rates are accurate as of 10/21/2016.

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

Spokane Teachers CU (WA/ID) Boosts Rate On 30-Month Premium CD

UPDATE 6/14/16: Rate has increased to 2.02% APY. (Originally published on April 18, 2016.)

Availability: Residents of Washington State and eight northern Idaho counties.

Spokane Teachers Credit Union’s (STCU) 30-month President’s Premium Certificate has been part of STCU’s product line since November 2010, with an APY that has changed 15 times. Rate change #16 occurred today, with an increase of 50 basis points, resulting in a new rate of 1.76% APY.

The minimum opening deposit is $25k, with no balance cap.

Continue Reading
Spokane Teachers Credit Union (WA) Raises Rate On 30-month Certificate

UPDATE 12/15/2014: Rate raised to 2.02% APY.

Spokane Teachers Credit Union’s (Washington) 30-month President’s Premium Certificate (CD) rate has risen to 1.76% APY. In the past four years, this 30-month CD has experienced 13 rate changes, both up and down. This most recent change is the first rate increase in over six months.

The minimum opening deposit is $25K and there is no maximum balance cap. As stated on Spokane Teachers Credit Union’s (STCU) Certificate Disclosure page, the Early Withdrawal Penalty reads, in part, as...

Continue Reading
Top 30-Month CD Rate at STCU in WA and Parts of ID

It’s hard to beat PenFed’s CD deal, but Spokane Teachers Credit Union (STCU) has come out with a CD that’s even better. The rate is the same, but the term is a little shorter. STCU’s CD is called the President's Premium 30-month Certificate, and it has a 2.02% APY. Minimum deposit is $25,000. The early withdrawal penalty is 180 days' dividends. This rate and additional CD details are listed in STCU’s rates page as of 11/19/2013.

STCU also offers a savings account that has a 5.09% APY. As you might...

Continue Reading
3.60% 15-Month CD & Other High CD Rates at STCU in Washington State
Spokane Teachers Credit Union is offering several competitive certificate rates. One is a special 3.60% APY for terms of 15 to 30 months. Minimum deposit is $2K. This is called the Deferred Earnings Certificate since dividends are compounded and credited annually. Two other competitive specials include a 4.02% APY 30-month CD with a $25K minimum deposit and a 4.28% APY 60-month CD with a $2K minimum depsoit. The credit union also has very competitive rates on its standard certificates. Some of the best include a 3.45% APY for 24...
Continue Reading