BECU (Boeing Employees Credit Union) Savings Account
Thanks to BankVibe reader Josh for tipping us off on a fantastic “Member Advantage” savings account currently going on through BECU. Although we covered this rate in the past, we thought it could use another shout-out since it’s yield has remained consistently high despite the overall downturn in the CD rate marketplace.
As of the first of August, any member of Boeing Employee Credit Union can open a member advantage savings account and receive a nice return of 6.17% APY!
Here’s the catch… You can only invest up to $500 into this account. Any amount past $500 will only receive an interest rate of 0.50%.
This is an ideal account for young or new savers looking for above average savings rates. This is a variable rate though and is subject to change at anytime without notice.
BECU used to only allow members whom worked for, or were family members of, employees at Boeing. However they have since opened their doors to anyone in Washington state. Compare Washington state CD rates to see how this interest rate stacks up against the local competition.
Features and Benefits:
- Free Online Banking, Bill Payment, and eStatements
- BECU Debit MasterCard
- Thousands of CO-OP Network surcharge-free ATMs
- Federally insured up to at least $250,000**
- No fees to maintain the account
