Contributing to a CD via checking account

I liked the product offered last December where if a member contributed to a CD account and then had $100 withdrawn from  BECU checking in $100 increments per month go into the CD, a higher interest rate was offered for 2017.  Why not continue the higher interest rate and motivate members to continue the contributions beyond 2017?  

1 Comment
Community Manager
Status changed to: Good news! We have this!

Hi @CathyK! We think this is a great way to promote savings too! We do offer the option of setting up our Add-To CD Feature, which allows you to add up to $1,000 per month to a regular or IRA CD account. Also, if you're part of our Member Advantage program your CD will earn a higher yield! You can check out the rates here.

 

Below are some additional pieces of information if you're considering an Add-To CD:

 

  • The Add-To feature can only be established when the account is opened or during the 7-day grace period.
  • An Account to Account Transfer​ form is required (get that here).  
  • A CD account with the Add-To feature can be opened with as little as $100. Without the Add-To feature, $500 is required as the minimum amount to open a CD account.
  • There is no minimum amount required for recurring transfers in the Add-To CD.

If you have any questions, please let us know!

Thanks,

JohnS