bank rates

Idaho CU Keeps National CD Deals Going

Black Friday and Cyber Monday have come and gone, taking two great CD promotions with them.

Capital Educators Federal Credit Union offered 2.12% APY on 36-month CDs for one day last Friday and 2.12% APY on 48-month CDs this Monday.

For savers who missed out on these deals, however, the Idaho-based credit union is continuing the “limited-time” promotions it launched in September.

These include promotional 12-month (1.05% APY), 18-month (1.16% APY) and 60-month (2.12% APY) certificates of deposit.

Best of all, CapEd continues to pay 1.56% APY on its 24-month promotional CD.

The 2-year rate beats out (by one-one hundredth of a percentage point) the top nationally available 24-month rate on our CD Rates Leaderboard.

The minimum deposit for a CD account is $500. There is no maximum.

Headquartered in Meridian, CapEd operates through eight branch locations in southwestern Idaho.

It has about $337 million in deposits from its approximately 52,000 members, and earns four out of five stars from Bankrate’s Safe & Sound rating system.

As a federal credit union, its deposit accounts are insured by the National Credit Union Administration.

Although CapEd was created to serve Idaho teachers and school administrators, savers across the country can now 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 found the membership and account application process to be straightforward and efficient. The member service representative I dealt with proved both knowledgeable and friendly.

You should check out CapEd before its CD specials pass into history – just like Black Friday and Cyber Monday.

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