Contents
The Offer
- Lewis Clark Credit Union (LCCU) is offering two CD specials:
- 7.23% APY 11 Month CD Special
- 6.43% APY 19 Month CD Special
LCCU membership eligibility: “If you live, work, volunteer, worship or attend school in Clearwater, Idaho, Latah, Lewis, and Nez Perce counties in the state of Idaho and all counties in the state of Washington.” Join by purchasing a $5 share. LCCU is NCUA-insured.
Accounts can not be opened online. You need to go to a branch or call in.
Our Verdict
For eligible people with significant sums of cash this looks like a great deal. Some might even opt for the lower 19-month CD rate in order to lock in a solid rate for longer. I’d go quick on these deals as they likely won’t last. Membership reportedly comes with a hard pull.
Hat tip to reader Sunshine
View Comments (36)
fyi it took a few days but I was able to open both of these CDs which is amazing
it's a very small credit union so they were working off a spreadsheet
Dead. The DOC effect.
Has anyone heard anything from them in branch? Curious if it's still offered there.
Called the branch and they confirmed the special is over. Sounds like they have 5.19 for 19 months. They said they run specials often, so might be worth checking again.
So it’s dead?
Yes, it was only available from 7/25/23 until 8/3/23. It had been heavily advertised by Business Insider and DepositAccounts.com since 7/31/23, which was picked up by several other sites and news sources. It was posted here on the day the deal died.
7/31/23: https://www.businessinsider.com/personal-finance/lewis-clark-credit-union-cd-rate-7-apy-2023-7
7/31/23: https://www.depositaccounts.com/banks/lewis-clark-cu/offers/
Actually someone posted it here the day before, then DOC made a post on it day after that (and then it died)
I managed to just barely make it in time, but maybe they'll open it up again once they get thru everyone from previous offer
was this a typo deal? website is now showing 19-month and 37-month specials that are in the 5% range.
Naw, it was around for a few days. Somehow I only caught it a bunch of hours before it died
Fuck
Seems the really good offers are over
Dead? Only see 19 month with 5.4% APY now
Is this the next bank to blow up? How the hell can they lock in 7.23%?
Most likely because they have tons of pending loans that are way higher than that, hence the need to lock in deposits. They serve poor communities which probably results in higher rate loans.
But that’s just my guess who knows, fyi it’s a credit union though, not a bank
Shame it’s OTC. Immediately was about to grab puts tomorrow hahaha
Can someone explain how the FUCK this makes any sense for them to offer? They’re losing like 20 cents on the dollar with current rates
There are ways to get more than $250,000 covered by NCUA insurance. A married couple can get get all of the following accounts covered:
Spouse 1 Individual Account - $250,000
Spouse 2 Individual Account - $250,000
Spouse 1 & Spouse 2 Joint Account - $500,000
Spouse 1 IRA - $250,000
Spouse 2 IRA - $250,000
That's not my understanding. An individual is covered upto 250k max regardless of Individual or Joint. IRA may be extra (not sure).
I called in to open a cd and they sent me instructions to wire transfer the money. Can an ACH be used as my money is in a bank which doesn't support wire transfers?
were you able to open the account over the phone? @guest_1665793 Curious if you're OOS?
No. I'm in WA state