bank rates

Washington Federal: Big Bank, Big Rates

It pays 2.00% APY with a $1,000 minimum deposit.We like Washington Federal.

Once again, this Seattle-based bank has 60-month CD rates atypical among the big-bank set.

It pays 2.00% APY with a $1,000 minimum deposit, or $500 for minors.

That’s nearly a fifth of a percentage point higher than the best nationally available 60-month CD rates on our CD Rates Leaderboard.

The rate jumps to 2.05% APY with a $90,000 minimum deposit.

Granted that’s not much, but it’s something.

And it’s more than other big banks are doling out these days. In fact, this is the best deal from a big bank since U.S. Bank cut the rate on its 59-month CD special a few weeks back.

You have to live in one of the eight Western states where Washington Federal has branches to buy these certificates of deposit and do so in person.

Its 160 branches are located in Arizona, Idaho, Nevada, New Mexico, Oregon, Texas, Utah and Washington.

Learn more about Washington Federal at www.washingtonfederal.com or call 800-324-9375.

See how these returns compare with the best CD rates from scores of banks in our extensive database.

Have you ever purchased a CD from Washington Federal? Share your experience below in our comments section.

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Comments (1)
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  1. Mike Cetera said:
    on June 5th at 08:36 am

    Washington Federal has cut its 60-month CD rates to 1.75% APY.