Westmark Credit Union (ID) Boosts 9-Month CD To 2.60% APY

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Deal Summary: 9-month CD, 2.60 APY, $500 minimum deposit.

Availability: Individuals who are employed or retired in 34 Idaho counties.

About two weeks ago, Westmark Credit Union (Westmark) dramatically raised the rate on its 9-month CD to 2.60% APY. The addition of 150 bps has given the 9-month CD its highest APY since December 2013. The minimum opening deposit is $500, with no stated balance cap.

APYMINMAXINSTITUTIONPRODUCTDETAILS
2.60%$500-Westmark Credit Union9 Month CD
Rates as of August 22, 2019.

As stated on the Term Certificates page, the Early Withdrawal Penalty reads as follows:

Term of 180-Days – 60 Days Dividends

The dividends on the 9-month CD will be compounded at maturity. There is a 10-day grace period before the CD automatically renews.

Availability

Headquartered in Idaho Falls, Idaho, Westmark Credit Union’s field of membership (FOM) is a variation on the usual “live, work, worship, or attend school” in a specific geographic area. Instead, individuals who are “employed by or retired from most employers located in one of our 34 counties throughout Idaho” qualify for membership.

Those 34 Idaho counties are Ada, Adams, Bannock, Bear Lake, Bingham, Blaine, Boise, Bonneville, Butte, Camas, Canyon, Caribou, Caisa, Clark, Custer, Elmore, Franklin, Freemont, Gem, Gooding, Jefferson, Jerome, Lemhi, Lincoln, Madison, Minidoka, Oneida, Owyhee, Payette, Power, Teton, Twin Falls, Valley, and Washington.

Employee and retirees of several hundred Member Firms, employer groups, and associations are also eligible to join.

Blood relatives of current Westmark members are welcome to apply.

Joining Westmark Credit Union and/or opening a CD can be done online, or at any of 15 Idaho branches, located in Blackfoot, Boise, Eagle, Idaho Falls (5), Meridian (2), Nampa, Pocatello, Rexburg, Rigby, and Twin Falls.

To become a member, you must open a Primary
Savings Account and deposit a minimum of $5.00.

Credit Union Overview

Westmark Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 0.92% (excellent) based on March 31, 2019 data. In the past year, Westmark has increased its total non-brokered deposits by $55.35 million, an excellent annual growth rate of 8.48%. Please refer to our financial overview of Westmark Credit Union (NCUA Charter # 68353) for more details.

Founded in 1954 by eleven Idaho National Engineering Laboratory employees, Westmark Credit Union was originally known the Atomic Workers Credit Union. It was ten years before the first “official” office was opened; prior to that time, credit union transactions took place in the homes of various Board Members. Following mergers with Amidaway Credit Union and Motran Credit Union in the early 1980s, a Federal Charter was adopted in 1984, with “Federal” added to the name. The Westmark rebrand occurred in 1987, as the FOM become more diverse. Currently the third largest credit union in Idaho, Westmark Credit Union has more than 58,600 members and assets in excess of $819 million.

How the CD Compares

When compared to 191 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available within the FOM, Westmark Credit Union’s 9-month CD APY currently ranks second.

Interest RateCD Length of TermCredit Union/Bank
2.86% APY8-Month Certificate SpecialAndrews Federal Credit Union
2.60% APY9-Month CDWestmark Credit Union
2.55% APY9-Month CD SpecialMutual of Omaha Bank

The above rates are accurate as of 8/5/2019.

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

Related Pages: Boise CD rates, Idaho Falls CD rates, Twin Falls CD rates, 1-year CD rates

Comments
Competitive Short-Term CD Special at Westmark Credit Union in Idaho

Every now and then a credit union will have a promotional CD that’s a better deal than what you can find at internet banks. That’s the case at Westmark Credit Union which is offering a promotional 11-month CD with a 1.16% APY. Minimum deposit is $500. The offer is scheduled to end on May 17, 2014. More details are listed at the credit union’s promotions page.

Westmark Credit Union’s field of membership isn’t based on a geographic area, but it’s close. According to the credit union’s membership page, you can...

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