Certificate of Deposit (CD)
Earn a higher rate of interest over a standard BECU savings account, with low opening balance requirements and flexible options.
CD Benefits
Special Offer on Long-Term CD! Move your money to BECU and earn 5.00% APY on 12-17 month Member Advantage CDs.
Flexible Maturity Options with a Low Opening Balance Requirement of $500
- Selectable Date: Choose the calendar date your CD will mature. Your deposit will be available on the date you choose.
- Selectable Term: Terms range from 3 months to 60 months. Your deposit will be available at the end of the term you select.
CDs Can Help Your Financial Health
BECU is a member-owned, not-for-profit credit union. Our members' needs are what's most important to us. Here are a few tools to help improve your financial health:
CD Options
A Standard BECU CD gives you a wide range of term options, from 3 months to 60 months. If interest rates change, your CD's interest rate will not change until renewal. There are no monthly maintenance fees.
If you like keeping tabs on current interest rates, a 12- or 24-month CD with the Bump option is a good choice. These CDs have a one-time option to increase the interest rate to the current BECU published rate for the equivalent term CD.
The Add-To feature lets you schedule additional contributions while maintaining your CD's fixed interest rate. With the Add-To feature, you can open a CD with just $100.
Frequently Asked Questions
If you're already a BECU Member, you can open a BECU account from your Online Banking account.
- Log into your Online Banking account.
- From the top navigation bar, select Open New Accounts and then select Begin.
- Select Certificate of Deposit.
- Select By Term and choose the term in the drop-down menu or select By Maturity Date and input a date.
- Under Choose Features, you have to the options to select Add-To, Do Not Renew CD at Maturity, and Bump. These are optional features.
Please note: If you do not select Do Not Renew CD at Maturity, the CD will automatically renew at maturity into another term equivalent to its original term. No early withdrawal penalty is assessed within the 7-day grace period of the CD's maturity. - Input the amount you wish to deposit in the CD in the Opening Amount field.
- In the Interest Payments field, select Deposit to CD if you wish to deposit the interest in the CD or Pay to a BECU Account if you wish to deposit the interest in pay to one of your BECU accounts.
Yes. If you are not already a BECU Member, you must apply for Membership to open a BECU CD. And you can earn a higher CD rate if you have Member Advantage. Becoming a BECU Member is easy, and it's free to join.
- Log into your Online Banking account.
- In the top navigation bar, select Transfers, and then select Withdraw CD Funds.
- From the Select CD drop-down menu, select the CD you wish to withdraw from and close.
- From the Choose Withdrawal type and amount to transfer drop-down menu, select Full Withdrawal. The full withdrawal amount will automatically populate the Amount box.
- From the Select where to transfer funds drop-down menu, select the account you wish to deposit the CD funds into. Click Continue.
- You will be asked to agree to an early withdrawal penalty. No early withdrawal penalty is assessed within the 7-day grace period of the CD's maturity. Please contact a Member Consultant to learn the exact amount of the early withdrawal penalty or refer to the Account Disclosure that was provided at account opening.
- After you agree to any applicable early withdrawal penalty and select Continue, the CD is closed and its funds will be deposited in the account you selected.
Please note: For a partial withdrawal, the CD must have $500 left in the account after the withdrawal.
"CD Laddering" is a strategy of opening multiple CDs, each with a different length of term. Then, as each CD matures, you reinvest the proceeds in a new CD with a longer term. Learn more about CD Laddering.
Contact Us for Questions About BECU CDs
Looking to Open a Business CD Instead?
Visit the Business CD page to learn about CD rates and options available to business owners.
1 APY stated as Annual Percentage Yield; rates effective July 1, 2024, and are subject to change, fees may reduce earnings. $500 minimum to open most CDs. The APY is based on an assumption that interest will remain in the account until maturity. Early withdrawal penalties may apply.
To open this account, you must establish and maintain membership by opening a Member Advantage Savings account or Member Share Savings account. Not everyone will qualify.
2 Information contained on this website is for educational purposes and does not constitute legal or tax advice. Individuals should consult with their financial adviser and/or attorney for advice.