2.12% 21-Month Bump & Add-on CD at Woodstone Credit Union in WA - Local Only


Woodstone Credit Union has a pretty good deal on its special 21-month certificate. The rate is 2.12% APY, and it allows a one-time bump up in the rate and a one-time add-on deposit. Minimum deposit is $2,500. There's also a similar 13-month CD special, but the rate is only 1.80% APY. These rates are listed in the credit union's rates page as of 12/04/09.

The add-on feature is more important than the bump feature in my opinion. The add-on feature can provide a nice hedge against a persistent low interest rate environment. When your other CDs mature, you can always depend on the add-on CD. Unfortunately, this CD only allows a one-time add-on which makes it not quite as useful.

Membership is open to anyone who lives, works or worships in Washington State. Refer to the credit union's about page for more details. Membership requires a minimum $25 in the savings account.

The credit union is located in Federal Way, Washington State.

Woodstone's ratings for safety and soundness are above average: 4 stars (excellent) at BauerFinancial and 3 stars (performing) at Bankrate.com. Both ratings are based on 6/30/09 financial data. The credit union is federally insured by the NCUA (Charter # 60613).

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