Washington Federal CD Rates
Washington Federal caters to diverse financial goals. Whether you prioritize short-term gains or seek stability with longer-term investments, this bank provides options to align with your unique needs.
Let’s delve into the frequently asked questions surrounding Washington Federal CD rates to help you make well-informed decisions about your savings strategy.
Washington Federal CD Rates Offers
Competitive CD offers by Washington Federal are;
3 Months CD Term:
- Interest Rate (APY): 0.05/0.05
- Considerations: Suitable for short-term needs; lower interest but quick access to funds after a short period.
Pros & Cons
| Pros | Cons |
| Quick access to funds | Lower interest rate for the short-term period |
4 – 5 Months CD Term:
- Interest Rate (APY): 0.10/0.10
- Considerations: Slightly higher interest; a good balance for those looking for a short-term commitment with a better yield.
Pros & Cons
| Pros | Cons |
| A balanced choice for short-term | Funds not accessible during the chosen term |
6 – 11 Months CD Term:
- Interest Rate (APY): 0.15/0.15
- Considerations: Mid-range term offering moderate interest; ideal for those with a slightly longer investment horizon.
Pros & Cons
| Pros | Cons |
| Moderate interest for mid-term | Longer commitment compared to short-term CDs |
12 – 17 Months CD Term:
- Interest Rate (APY): 0.20/0.20
- Considerations: Higher interest; a good choice for those willing to commit for a bit longer to earn a more substantial return.
Pros & Cons
| Pros | Cons |
| Higher interest for a longer-term | Longer commitment compared to mid-term CDs |
24 – 35 Months CD Term:
- Interest Rate (APY): 0.20/0.20
- Considerations: Consistent interest rate; suitable for individuals with a longer-term perspective, providing stability in returns over an extended period.
Pros & Cons
| Pros | Cons |
| Potential for higher overall returns with a more extended term | May not be suitable for those needing short-term liquidity. |
How do Washington Federal CD Rates Compare?
When comparing Washington Federal CD rates to those of other financial institutions, the offered rates vary. CFG Bank provides a competitive rate of 5.40%, catering to individuals seeking interest income with a modest minimum deposit requirement of $500.
Bread Savings offers a slightly higher rate of 5.35%, targeting those with more substantial savings starting at $1,500. Citadel Credit Union, with a rate of 5.05%, appeals to individuals who prefer credit unions over traditional banks and requires a minimum deposit of $500.
VIO Bank offers a rate of 5.25%, suitable for those not needing ATM access and with a minimum deposit requirement of $500.
Limelight Bank stands out with a 5.20% rate, attracting environmentally-conscious savers who want to support green initiatives, requiring a minimum deposit of $1,000.
When considering Washington Federal CD rates in this context, individuals should weigh their specific preferences, savings goals, and deposit capacities to make an informed decision based on the diverse offerings in the market.
Overview Washington Federal
Washington Federal was founded in 1917 and since then has thrived. Their main goal is to help all of their clients make the most of their money and find solutions to all of their financial problems.
Their service is professional and customized to meet the needs of all of their clients. Washington Federal has also established the Washington Federal Foundation which helps serve the needs of low- and moderate-income individuals.
Despite being a national bank, they still believe in treating all of their clients like next-door neighbors. You must be a member of the Washington Federal to open a CD.
This means that you will need to open a checking or savings account. If you would like to know about opening an account with Washington Federal, be sure to contact the bank for more information.
Availability
You must be a member of the Washington Federal to open a CD. This means that you will need to open a checking or savings account. If you would like to know about opening an account with Washington Federal, be sure to contact the bank for more information.
Locations Washington Federal
Branches in Arizona
The branches in Arizona are:
Payson, Fountain Hills, Globe, Mesa, Phoenix, Scottsdale, Show Low, Gilbert, Glendale, Chandler, Sun City, Sun City West, Prescott Valley, Goodyear, Safford, Tucson, Green Valley, Benson, Nogales, Bisbee, Douglas, and Yuma.
Branches in Idaho
The branches in Idaho are:
Ketchum, Hailey, Gooding, Boise, Eagle, Salmon, Meridian, McCall, Jerome, Nampa, Caldwell, Twin Falls, Payette, Blackfoot, Pocatello, Idaho Falls, Rexburg, Osburn, and Sandpoint.
Branches in Nevada
The branches in Nevada are:
Ely, Fallon, Elko, Fernley, Winnemucca, Las Vegas, Mesquite, Overton, and Henderson.
Branches in New Mexico
The branches in New Mexico are:
Albuquerque, Socorro, Rio Rancho, Capitan, Santa Fe, Ruidoso, Espanola, Roswell, Alamogordo, Angel Fire, Artesia, Clovis, Las Cruces, Chama, Gallup, Raton, Silver City, Hobbs, and Farmington.
Branches in Oregon
The branches in Oregon are:
Prineville, Bend, Redmond, La Pine, Sisters, Madras, Lakeview, Klamath Falls, Eugene, The Dalles, Albany, Hood River, Corvallis, Salem, Woodburn, White City, Gresham, Wilsonville, Monmouth, Lake Oswego, Medford, Hermiston, Ashland, Tigard, Dallas, Portland, La Grande, Grants Pass, Hillsboro, Florence, Ontario, Waldport, Milton-Freewater, Newport, Lincoln City, and Cave Junction.
Branches in Texas
The branches in Texas are:
Denton, Dallas, Plano, and Richardson.
Frequently Asked Questions
A Certificate of Deposit at Washington Federal is a savings tool that offers an above-average interest rate, allowing your money to grow faster and safely. It comes with a wide range of terms for flexibility.
The minimum amount to open a CD is $1,000, and for minors, it’s $500. The maximum deposit limit is $1,000,000.
Interest rates vary based on the term and deposit amount
WaFd Bank does not pull your credit from the main credit bureaus for opening a new CD, but they do review OFAC and ChexSystems®. Holders of WaFd Bank checking accounts are eligible for higher interest rates.
There are no annual fees for a CD account. However, a penalty may be imposed for early withdrawals before maturity.