bank rates

Washington Deal: Four More Top CD Rates

Washingtonians may be among the luckiest savers right now, with not one but two credit unions offering chart-topping CD rates to all residents of the state.

As we told you about a month ago, HAPO Community Credit Union beats the top nationally available rate on four (yes, four) CD terms.

Well, so does Gesa Credit Union. It’s paying just five-hundredths of a point less on the same four terms:

  • 1.50% APY for 30-month CDs.
  • 1.70% APY for 36-month CDs.
  • 2.00% APY for 48-month CDs.
  • 2.50% APY for 60-month CDs.

With the best 36-month rate on our CD Rates Leaderboard currently pegged at 1.50% APY, Gesa allows you to either gain two-tenths of a point on a 36-month term, or shorten the maturity period by six months for a 1.50% yield.

Gesa’s 60-month return is also impressive against the top national rate of 2.25% APY.

For those reluctant to lock in a rate before the Fed likely raises interest rates later this year, Gesa also offers several competitive bump-up CDs, which allow you to increase your rate once during the CD’s term to the then-posted rate.

The most attractive of these is the 36-month bump-up certificate paying 1.50% APY.

All of the above certificates can be had for a low $500 minimum deposit.

You must be a member of Gesa Credit Union to purchase these certificates of deposit. But membership is open to anyone who lives, works, worships or attends school in Washington State, as well as to close relatives of anyone who is eligible.

Membership requires a $5 deposit in a share savings account.

Members can buy these CDs over the phone or in person at one of the credit union’s 12 branches in East Wenatchee, Kennewick, Pasco, Richland, Walla Walla, Wenatchee and West Richland.

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