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.

1.66%$25k-Spokane Teachers Credit Union30 Month President's Premium Certificate
Accounts mentioned in this post. Rates as of September 30, 2016.

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

For the President's Premium Certificate, the amount
of the early withdrawal penalty is 180 days' dividends.

First5 Savings Account

5.09*%-$500Spokane Teachers Credit UnionFirst5 Savings
Accounts mentioned in this post. Rates as of September 30, 2016.

As I mentioned in earlier blog posts, STCU’s First5 Savings account earns a competitive 5.09% APY, but only on balances up to $500 (hence the name), while balances over $500 earn 0.15% APY. First5 Savings is limited to one account per person, but STCU permits a First5 account for every member of the family,

Except the dog, of course. Sorry.


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.

When I last wrote about STCU in December 2014, there was a notification on the website that an online application was "in the works," and that online application is now functional. And if you join STCU online, "we waive the standard $10 membership fee."

Joining STCU and/or opening a CD can be done online or in person at any of 15 Washington branches located in Cheney, Liberty Lake (2), Newport, Spokane (9), and Spokane Valley (2), or four Idaho branches located in Coeur d’Alene, Dalton Gardens, Ponderay, and Post Falls.

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 2.24% (excellent) based on March 31, 2016 data. In the past year, Spokane Teachers CU has increased its total deposits by $165.17 million, an excellent annual growth rate of 9.8%. 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 151,600 members and assets in excess of $2.2 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 CD Compares

When compared to the 181 similar length-of-term CDs tracked by DepositAccounts.com that are available to Washington State and Idaho residents, Spokane Teachers Credit Union’s 30-Month President’s Premium Certificate currently ranks first, regardless of minimum deposit.

The above rates are accurate as of 4/18/2016.

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

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...

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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...

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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...
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