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Deal Summary

6-year term with an interest rate and an APY of 0.75% and a minimum balance of $500

Columbia Bank’s Top CD Rates

Columbia Bank has CD options from 91 days to 6-year terms. The top rates are the 5-year term and 6-year term options, which both offer a 0.75% interest rate and APY. The minimum deposit to obtain APY is $500.

The 36-month term has a 0.65% interest rate and APY with a $500 minimum deposit.

Columbia’s 24-month CD rate is 0.50% for both the interest and the APY. As with the other options, the minimum balance is $500.

An 18-month term will give you a 0.35% interest rate and APY as long as you have a $500 minimum opening balance.

The 12-month options feature a 0.25% APY and interest rate, also with the $500 minimum requirement.

Columbia bank also offers a very short-term investment option of a 91-day CD. It has a 0.20% interest rate and APY.

Availability

Existing customers and new customers can open certificate deposit accounts online or in the branch. To qualify for the Advantage Plus rates, you must already have an Advantage Plus Checking account that is currently in good standing. If you are interested in opening the Advantage Plus CD, it has to be done at a branch.

Terms and Conditions

APY is credited quarterly and at maturity. If the CD is closed before the interest is collected, you will not receive the full amount of accrued interest.

Branches in Washington

Seattle, Maple Valley, Redmond, Bonney Lake, Tacoma, Snohomish, Bellevue, Monroe, Fircrest, Puyallup, Federal Way, Lacey, Auburn, Vancouver

Branches in Oregon

Oregon City, Gresham, Portland, Tigard, Happy Valley, Bend, Beaverton, Hermiston, Eugene, Stayton, Ontario, Salem, Wilsonville, Silverton, Lake Oswego

Branches in Idaho

Nampa, Caldwell, Twin Falls, Coeur d’Alene, Payette, Sandpoint, Priest River, Weiser, Post Falls, Ponderay, Rathdrum, Gooding, Bonners Ferry, Kellogg

Bank Overview

Columbia bank started in 1993 as a community bank. It serves many states and customers in the Northwest area. Its main headquarters is in Tacoma, Washington but it has more than 140 locations throughout Washington, Idaho, and Oregon. They center on relationship-based banking and strive to form long-lasting relationships with all customers.

They also are very involved in the local communities, especially in the winter times when they raise money for food and donations for people impacted by homelessness. They have raised over $366,872 in cash and have donated more than 19,663 winter items. One hundred percent of the proceeds always go to Warm Hearts Winter Drive which operates and funds 54 homeless shelters.

They also received a $500,000 grant alongside Washington Growers League through the Affordable Housing Program. The grant was paid for by the Federal Home Loan Bank of Des Moines. This grant will help create more agricultural jobs and help build seasonal housing for farmers.

The main purpose of the grant is to build a 144-bed facility in Mattawa, Washington. This will allow seasonal farmers a warm and safe place to live while they work.