Wasatch Peaks Credit Union Pushes 12-Month CD To 3.00% APY


Deal Summary: Certificates – 6-month (3.00% APY), 12-month (3.00% APY), 18-month (3.00% APY), 24-month (3.25% APY), 36-month (3.35% APY), and 48-month (3.40% APY), $500 minimum deposit.

Availability: Residents of Davis, Morgan, and Weber Counties, Utah.

At the beginning of the week, Wasatch Peaks Credit Union (Wasatch Peaks CU) increased the rates on the vast majority of its Certificates to very competitive levels. The minimum opening deposit for any of these Certificates is $500, with no stated balance caps.

The Certificates are also available as IRAs (Traditional and Roth), earning the same APYs with the same funding requirements.

All of Wasatch Peaks CU’s Certificates and IRA Certificates are offered with a bump option, with a rate “0.15% points less than the stated rate.” For example, a 12-month Certificate opened with a bump option has an APY of 2.85%.

Since I last wrote about WPCU, Early Withdrawal Penalty (EWP) has changed and become more austere. As stated in the Truth in Savings disclosure, the EWP now reads as follows:

For all Certificate accounts, the amount of the early withdrawal penalty is based on the term of your account.

    The penalty schedule is as follows: Terms of 12 months or less, 60 days of dividends; terms over 13 months to 35 months, 180 days of dividends; terms of 36 months or greater, 365 days of dividends. Minimum penalty is $5.00.

1-Year Flex Certificate

WPCU describes its 1-year Flex Certificate (2.30% APY) as having a “great rate with more liquidity than money market accounts.” A Flex Certificate can be opened with a $50 minimum deposit and is capped at $100k. While deposits are permitted throughout the term, there is a maximum deposit of $10k per month. Penalty-free withdrawals are allowed during the first three business days of each quarter (January, April, July, and October).


Headquartered in Ogden, Utah, Wasatch Peaks Credit Union’s field of membership (FOM) is residency based, with individuals who live, work, worship, attend school, or volunteer in the Utah counties of Davis, Morgan, or Weber eligible to join.

Immediate family members (parent, child, sibling, spouse or surviving spouse) of current Wasatch Peaks CU membership also qualify for membership.

Joining Wasatch Peaks CU can be done online, or at any of eight Utah branches located in Mountain Green, Ogden (5), and Roy (2).

Opening a Certificate requires an in-person visit to any of the above mentioned branch locations.

Credit Union Overview

Wasatch Peaks Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 2.39% (excellent), based on December 31, 2018 data. In the past year, Wasatch Peaks CU has increased its total non-brokered deposits by $18.58 million, an excellent annual growth rate of 5.87%. Please refer to our financial overview of Wasatch Peaks Credit Union (NCUA Charter # 24780) for more details.

With its eighth anniversary happening in a few months, Wasatch Peaks Credit Union is technically a fairly young credit union, but the established credit unions that merged to form Wasatch Peaks CU have more than 300 years of experience between them. The merging of the diverse and disparate FOMs of Alliance Federal Credit Union (government employees, realtors, dairy employees) and Weber Credit Union (school employees), and SummitOne Credit Union (hospitals employees) required a new and distinctive name. Wasatch Peaks refers to the Wasatch Mountains that extend from the Utah-Idaho border, south through central Utah. Wasatch Peaks CU is currently Utah’s 11th largest credit union, with more than 32,500 members and assets in excess of $342 million.

How the Certificates Compare

When compared to the similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available within the FOM, Wasatch Peaks Credit Union’s 6-, 12-, 18-, 36-, and 48-month Certificate APYs currently rank first or second in their respective categories.

The above rates are accurate as of 3/14/2019.

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

Related Pages: Salt Lake City CD rates, 1-year CD rates, 5-year CD rates

  |     |   Comment #1
I went to open 2 Cds 8 days after they posted the 3.0+ % rates and was informed that the rates had dropped to below 2% . But they still advertise the higher rates. Bait and switch? Truth in adversity?
Wasatch Peaks CU (UT) Raises 60-Month CD Rate
Deal Summary: 60-month Certificate, 2.55% APY, $500 minimum deposit.

Availability: Residents of Davis, Morgan, and Weber Counties, Utah.

Wasatch Peaks Credit Union (Wasatch Peaks CU) recently raised the rate on its 60-month Certificate (2.55% APY). The minimum opening deposit is $500, with no stated balance cap.

The 60-month Certificate is also available as an IRA (Traditional and Roth), earning the same APY with the same funding requirements.

All of Wasatch Peaks CU’s Certificates and IRA Certificates are offered with a bump option, with a rate “0.25% points less than the...

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