Hapo Community Credit Union CD Rates
In the ever-shifting landscape of personal finance, finding a secure yet lucrative avenue for investment is quite a difficult task. As individuals are looking forward to fortifying their financial foundations, the attraction of Certificate of Deposit offerings becomes increasingly apparent. Among a lot of financial institution options, Hapo Community Credit Union emerges as a noteworthy player.
Let’s find out the details of Hapo Community Credit Union CD Rates next;
Hapo Community Credit Union CD Rates Offers
6-Month Fixed Rate CD
- Dividend Rate: 3.94%
- Annual Percentage Yield (APY): 4.00%
- Minimum Balance: $100
Considerations
- Funds will be tied up for a short duration.
- Shorter terms typically involve lower interest rate risk.
Pros & Cons
| Pros | Cons |
| Short-term commitment | Lower interest rate compared to longer terms |
| Quick access to funds after 6 months | Limited time for investment growth |
| Lower interest rate risk | Limited potential for high returns |
12-Month Fixed Rate CD
- Dividend Rate: 3,94%
- APY: 4.00%
- Minimum Balance: $100
Considerations
- It Offers a mid-range term, providing a balance between short and long-term commitments.
Pros & Cons
| Pros | Cons |
| Balanced duration | Intermediate liquidity |
| Higher returns than 6-month CD | Longer commitment than 6 months |
| Suitable for medium-term goals | Moderate interest rate risk |
24-Month Fixed Rate CD
- Dividend Rate: 3.70%
- APY: 3.75%
- Minimum Balance: $100
Considerations
- Provides a balance between short-term and long-term rates.
Pros & Cons
| Pros | Cons |
| Stable returns over 2 years | Less liquidity than shorter terms |
| Balances short and long-term rates | Moderate interest rate risk |
36-Month Fixed Rate CD
- Dividend Rate: 3.21%
- APY: 3.25%
- Minimum Balance: $100
Considerations
- Useful for planning for events or goals a few years down the line.
Pros & Cons
| Pros | Cons |
| Moderate risk-reward ratio | Higher interest rate risk |
| Longer-term commitment |
60-Month Fixed Rate CD
- Dividend Rate: 2.97%
- APY: 3.00%
- Minimum Balance: $100
Considerations
- Funds will be less accessible during the 5-year period.
Pros & Cons
| Pros | Cons |
| Stable, predictable returns | Lowest liquidity among terms |
| Long-term financial planning | Tied-up funds for 5 years |
Are Hapo Community Credit Union CD Rates Competitive?
Hapo Community Credit Union’s CD rates appear to be competitive, offering a range of terms to accommodate different investment preferences. For shorter durations, such as the 6-month term, the credit union provides a reasonably competitive rate, suitable for those seeking a quick turnaround and lower interest rate risk.
As the term lengthens to 12 months, 24 months, and 36 months, Hapo Community Credit Union maintains competitive rates, providing a balance between returns and commitment duration. The 60-month term, while offering stable and predictable returns, features a relatively lower interest rate compared to shorter terms, aligning with the typical trade-off between longer commitment periods and interest rates.
Overview Hapo Community Credit Union
They are often asked what “HAPO” stands for. HAPO is an acronym for Hanford Atomic Products Operations. The company was formed by a group of co-workers who pooled their money together and formed a bank together.
Whether you prefer the face-to-face meeting of a branch visit or the convenience of online, HAPO is available for all your banking needs. Besides CDs, they also offer all the standard services of a bank, such as checking accounts, saving accounts, loans, money transfers, Notary of public services, cash and coins for businesses, wire transfers, sending money, and much more.
Availability
You will need to become a member of Hapo CCU to invest in their CDs. Make sure you have all your paperwork in order, and the process will take a few, simple minutes. Whether you choose to do it online or in person, the bank representatives are the best in the business at helping new and existing customers.
Locations Hapo Community Credit Union
Branches in Washington
The branches in Washington are:
Three branches in Richland, three branches in Kennewick, two branches in Paco, Sunnyside, Vancouver, Walla Walla, and College Place, and three in Yakima.
Branches in Oregon
The branches in Oregon are:
Two branches in Hermiston, Weston, and Milwaukie
Frequently Asked Questions
The minimum balance for a 6-month CD at Hapo Community Credit Union is $100.
Yes, there may be penalties for early withdrawal from a 12-month CD.
Dividends on a 24-month CD are typically paid at regular intervals, such as monthly or quarterly.
Generally, no. CDs are time deposits with fixed terms, and additional funds are not typically allowed once the account is opened.
APY is calculated by taking into account the interest rate and the frequency of compounding. It provides a more accurate representation of the overall yield on the investment.