bank rates

Balloon Bump Promo Offers Rising Rates

Idaho-based Capital Educators Federal Credit Union has launched a weeklong CD promotion called the Boise Balloon Bump.

Celebrating the annual Spirit of Boise Balloon Classic event held in the state capital, the deal features three attractive odd-term CDs available to savers nationwide. With a $500 minimum deposit, you can earn:

  • 15 Months at 1.55% APY.
  • 25 Months at 1.80% APY.
  • 35 Months at 2.00% APY.

These 15-month, 25-month and 35-month rates beat the top nationally available 12-, 24- and 36-month returns on our CD Rates Leaderboard.

The promotion also includes a rate bump for three certificate of deposit owners selected through a random drawing to be held on Sept. 8.

That rate bump will be based on the high temperature in Boise, Idaho, at around 9:15 p.m. on Saturday. For example, if the temperature is 75 degrees Fahrenheit, 0.75% will be added to the CD yields of the lucky contestants.

Headquartered in Meridian, CapEd operates eight branches in southwestern Idaho.

The credit union was created to serve Idaho teachers and school administrators. However, savers across the country can qualify to join by making a minimum donation of $10 to the Idaho CapEd Foundation, a nonprofit organization supporting educational activities in the state.

An application for both credit union membership (including membership in the Idaho CapEd Foundation) and new accounts may be completed online.

I’ve found the membership and account application process to be straightforward and efficient.

But time is of the essence. This promotion expires Saturday, Sept. 5.

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