Deal Summary

5-year CD, 0.70% APY, $500 minimum deposit, dividends compounded and credited monthly

Sound Credit Union’s Top CD Rates

The credit union’s top rate is 0.70% APY offered at the 5-year term and requires a minimum deposit of $500.

The 4-year term has an APY of 0.60% and also requires a $500 minimum deposit. The dividends are also compounded and credited monthly to the total balance.

The 3-year term, the 2-year term, and the 1-year term all have a minimum balance of $500 and have 0.50% APY, 0.40% APY, and 0.30% APY respectively.

For short-term investments, the union offers a three-month option with 0.15% APY and a $500 minimum deposit. They also have a six-month option that also needs a $500 deposit and a 0.20% APY.


Anyone can open a CD account at Sound Credit Union. You can apply online or visit a local branch to ask them questions and set up your desired term amount. They also offer Flex and Bump Certificates for one withdrawal per term without penalty. All accounts are non-negotiable and non-transferable.

Terms and Conditions

Each term has its own terms and conditions. However, there are a few that apply to all of them. All CD accounts are not eligible for additional deposits once the initial deposit has been made. The only time deposits can be made is during the grace period.

The CDs come with early withdrawal penalties. The amount of the penalty is based on the amount of the dividends. There are some exceptions, so always check with the local branch for your particular situation.

Accounts can be renewed automatically with a ten-day grace period to withdraw any funds.

Branches in Washington

Auburn, Bellevue, Burien, Kent, Redmond, Shoreline, Tukwila, Seattle (California Avenue, Madison Street, Stewart Street)

Bank Overview

Sound Credit Union was first founded in 1940. It is currently one of the largest credit unions in the state of Washington. They have 24 full-service branches throughout the Puget-sound area of the state.

They are locally owned and non-profit specializing in helping people buy new cars, homes, and saving for big life events.

Despite only being located in Washington, they have 5,000 shared locations and 30,000 surcharge-free ATMs across The United States.

In recent years, they have focused on growing their reach and extending branches throughout the state. They recently purchased the Bank of Washington, the only time in the state’s history that a credit union acquired a for-profit bank.

The main goal of the buying of the Bank of Washington was to be able to better help customers in the Snohomish and King Counties. This acquisition also allowed them to increase their legal lending limit which will allow them to be able to be more competitive in the lending environment.

Their assets are currently valued at over $2 billion with more than 137,000 members.

They have complete online banking setup that allows customers to do everything through the app without ever having to drive to a branch.