If you live in the Northwest and have been holding out for a CD rate above 2.5%, you can now snag a 5 year CD from Alaska USA Federal Credit Union with a 2.65% APY. Alaska FCU has now expanded their reach to Washington State and California’s high desert region to supplement their base of customers in Alaska. Founded in 1948, they are the largest credit union in Alaska and swiftly growing in Washington state. They control roughly $4.5 billion in assets and have 60 locations in AK, WA and northern CA.
Their CD rates are well above the national averages for each given duration, and their 5 year CD’s even beat the top five year rates available nationwide by more than 30%. The top 5 year CD available nationally from our database sits at 1.95% APY by NewDominion Bank while Alaska FCU’s sit at 2.65%.
If you live in the Washington State or the greater Northwest (Oregon, Idaho, California and Alaska) here are some locally available noteworthy 5 year CD rates for the end of 2011…
- Alaska USA Federal Credit Union (Shoreline, WA) has a 5 year CD yielding 2.65% APY requiring a minimum deposit of $10,000.
- Wings Financial Credit Union (Seattle, WA) has a 5 year CD yielding 2.43% APY with a minimum deposit requirement of just $1.00.
- Washington Federal (WA, OR and CA) has a 5 year CD yielding 2.25% APY with a minimum deposit requirement of $1,000.
- Oregon Community Credit Union has a 5 year CD yielding 2.12% APY with a minimum deposit requirement of $500.