At a glance

4.4

Bankrate Score

CDs

Checking

Savings

MMA

Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.

Overview

BECU offers members full-service banking without many of the monthly fees found elsewhere. Savers hoping to earn a higher rate of interest — and those who don’t live in the Northwest or South Carolina — may be better off looking at other options.

Highlights

Highly Rated App
No Min Balance
No Monthly Fees

Overall

Boeing Employees’ Credit Union is one of the largest credit unions in the U.S. It offers members a variety of checking and savings products along with many online banking features. Its accounts come with no monthly fees and other fees are lower than average, though its APYs aren’t the most competitive. Members also get extra benefits, such as ATM refunds and higher rates, when they qualify for the Member Advantage feature.

Pros

There are no monthly service fees or balance requirements.
Member Advantage accounts pay higher rates on CDs, money markets and IRAs.
BECU offers nationwide access to more than 30,000 surcharge-free ATMs.
Members get discounts on local events.

Cons

Yields are low compared to other top credit unions.
Nearly all of the credit union’s branches are located within Washington state.

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Boeing Employees' Credit Union banking products

3.5

/5

See methodology Compare savings rates

SCORE BREAKDOWN

APY offering:

0.50%

2/5

APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest.

Minimum balance to earn interest:

$1.00

5/5

The lowest deposit amount an account must have before it can earn interest.

Monthly service fee:

$0.00

5/5

A monthly charge a financial institution deducts from an account if certain requirements are not met.

Minimum balance to avoid fee:

$0.00

5/5

The lowest balance an account must maintain in order to avoid a fee.

Access to funds:

Great

5/5

A procedure that allows an individual or organization to access and manage the funds of another account holder.

Boeing Employees' Credit Union savings overview

To join the Boeing Employees Credit Union, one of three savings accounts must be opened: the Member Advantage Savings account, Member Share Savings account or Early Saver account. The Early Saver account is for those under age 18, while the Member Share Savings account is a basic option for savers.

With a Member Share Savings, members can open the account with no minimum deposit requirement, no monthly fee, receive free access to their FICO score and a free savings ATM card. The account earns a low interest rate, but members can upgrade to the Member Advantage Savings account and earn a much higher rate on up to $500 of their balance.

The Member Advantage Savings option is only available for those who also have a Member Advantage checking account.

Pros

Member Advantage Savings provides a premium rate for the first $500.
There are no monthly service fees and no minimum balance requirement.
You can get free access to your FICO score and a free ATM card.

Cons

Standard APYs are less than those of many top credit unions.

Rate history for Boeing Employees' Credit Union's Savings account

See how rates for this account have changed over time. Interact with the trend lines to view APY by date.

Boeing Employees' Credit Union

APY

APY last updated between 7/3 and 7/9.

National average APY

How do we get this data?

Bankrate independently tracks hundreds of APYs and product details for banking institutions nationwide. We retain the historical data of every rate we track in our database. If there are any gaps where we weren’t actively tracking a rate at the time, the graph will reflect the missing data.

See how rates for this account have changed over time. Interact with the trend lines to view APY by date.

Boeing Employees' Credit Union

APY

APY last updated between 7/3 and 7/9.

National average APY

How do we get this data?

Bankrate independently tracks hundreds of APYs and product details for banking institutions nationwide. We retain the historical data of every rate we track in our database. If there are any gaps where we weren’t actively tracking a rate at the time, the graph will reflect the missing data.

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Boeing Employees' Credit Union CD overview

When it comes to certificates of deposit, members can choose from terms ranging from three months to five years. BECU offers standard, bump-up and IRA CDs that can be opened with as little as $500. Bump-up CDs are only available on one- and two-year terms. There’s also an add-to option for all CDs, which allows members to open a CD for as little as $100 and set up automatic, monthly deposits into the CD with a maximum of $1,000 per month.

Rates are tiered and rise when more money is deposited into the account for some terms. APYs are above average, but there are institutions offering higher rates. Those who have Member Advantage checking and savings accounts can earn additional interest on CDs. To be eligible, certain requirements must be met, such as receiving electronic statements and making a transaction using a free service like bill pay or direct deposit.

Pros

Member Advantage checking and savings account holders earn higher yields.
Only $500 is needed to open a CD — $100 with the add-to feature.
There’s an “add-to” option that lets you make additional contributions while maintaining your existing fixed interest rate.
You can opt for a Bump CD that provides a one-time increase to your rate during the term.

Cons

Yields are lower than other credit unions, particularly for members without the Member Advantage status.

Rate history for Boeing Employees' Credit Union's CD accounts

See how rates for this account have changed over time. Select the CD term length from the dropdown and interact with the trend lines to view APY by date.

Boeing Employees' Credit Union

APY

APY last updated between 7/3 and 7/9.

National average APY

Term length

How do we get this data?

Bankrate independently tracks hundreds of APYs and product details for banking institutions nationwide. We retain the historical data of every rate we track in our database. If there are any gaps where we weren’t actively tracking a rate at the time, the graph will reflect the missing data.

See how rates for this account have changed over time. Select the CD term length from the dropdown and interact with the trend lines to view APY by date.

Boeing Employees' Credit Union

APY

APY last updated between 7/3 and 7/9.

National average APY

Term length

How do we get this data?

Bankrate independently tracks hundreds of APYs and product details for banking institutions nationwide. We retain the historical data of every rate we track in our database. If there are any gaps where we weren’t actively tracking a rate at the time, the graph will reflect the missing data.

4.0

/5

See methodology Compare MMA rates

SCORE BREAKDOWN

APY offering:

1.75%

3/5

APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest.

Minimum balance to earn interest:

$1.00

5/5

The lowest balance an account must maintain in order to earn interest.

Monthly service fee:

$0.00

5/5

A monthly charge a financial institution deducts from an account if certain requirements are not met.

Minimum balance to avoid fee:

$0.00

5/5

The lowest amount an account must maintain in order to avoid a fee.

Check writing:

Yes

5/5

The ability to write a certain amount of checks within a statement cycle.

Debit/ATM access:

Good

4/5

The ability to withdraw funds from an account through the use of debit or ATM card.

Boeing Employees' Credit Union money market overview

BECU also offers money market accounts for savers looking for a liquid account with higher yields than its savings accounts. To earn the highest yield, you’ll need to have Member Advantage checking and savings accounts. While rates are higher than they are for BECU’s Member Share Savings, they’re still not very competitive. As of the time of this review, the rates are the same for all account balances.

The money market accounts have no monthly fee or minimum balance requirements, though you may need $5 to open the account online. The accounts come with checks.

Pros

There are no monthly fees.
A limited number of checks can be written each month for free.
Standard Money Market APYs are higher than the standard Member Share Savings account.

Cons

Higher money market account rates can be found elsewhere.

4.8

Bankrate Score

Compare top checking rates

Boeing Employees' Credit Union checking overview

BECU’s checking account options include a basic checking account, which was scored for this review, and a Member Advantage Checking account. Both earn a yield, and neither account requires a minimum balance or charges a monthly maintenance fee.

Account holders have access to over 30,000 ATMs, which includes those in the CO-OP network. The $10 overdraft fee is lower than what most institutions charge, though members can be charged up to five times a day. There’s no fee for incoming wire transfers, domestic or international.

To qualify for the Member Advantage Checking account, you’ll have to make at least one electronic transaction per month, opt out of paper statements and open a Member Advantage Savings account. This account can earn a higher rate than the standard checking for up to $500 of the account balance, and it also provides refunds for out-of-network ATM fees ($3 per month).

Pros

All accounts are interest-bearing.
There are no minimum balance requirements or monthly maintenance fees.
Custom debit card designs are available for fans of the NFL’s Seattle Seahawks and alumni of Washington State University and the University of Washington.
In-network ATM access is abundant — plus Advantage Checking account holders get $3 refunded for out-of-network ATM fees per month.
The overdraft fee is below average.

Cons

Overdraft charges could add up quickly since BECU may ding you for up to five overdraft and nonsufficient funds fees a day.
If you want paper statements sent each month, you won’t qualify for the Member Advantage account.

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Bank fees

Fee	Charged?
Overdraft fee	$10
Non-sufficient funds fee	$10
Account maintenance fees	None
Incoming wire transfer fee	None

About Boeing Employees’ Credit Union

Boeing Employees’ Credit Union is the largest credit union in Washington state and the fourth-largest credit union in the United States. It serves over 1 million members.

Membership at BECU is available to residents, students, employees, business owners and churchgoers in Washington state, and designated counties in Idaho and Oregon. You can also join if you work for Boeing, or are a member of one of two alumni associations or of the NW Credit Union Foundation, which can be joined online. A BECU Hub location in North Charleston, South Carolina, is also available to Boeing employees only.

Customer experience

Branch and ATM access. BECU provides access to more than 30,000 surcharge-free ATMs nationwide. Member Advantage members are refunded for out-of-network ATM surcharges up to $3 a month. There are also more than 50 branches in Washington state as well as a Boeing-employee-only location in North Charleston, South Carolina, for in-person banking, and it offers access to shared branches through the CO-OP network.

Customer service. To get in touch with the credit union for customer service, you can make an appointment online to visit a branch location in person. Phone lines are available weekdays 7 a.m. to 7 p.m. PT, and Saturdays 9 a.m. to 1 p.m. PT. It’s also possible to get help by sending a message through the credit union’s mobile app.

Mobile banking features. The BECU mobile app scores well on Google Play and the Apple App Store. Members can take advantage of features like Zelle (a person-to-person payment option), bill pay, account alerts and budgeting tools that allow you to manage external and BECU accounts. You can also add your BECU debit and credit cards to Android Pay, Apple Pay, Samsung Pay, Google Pay, Fitbit Pay and Garmin Pay digital wallets.

Discounts. Members get discounts to community events, such as sporting events and local fairs, as well as financial products, such as QuickBooks.

Review methodology

With so many financial institutions to choose from, it can be hard to know who to trust. Bankrate’s ever-growing list of bank and credit union reviews is updated regularly. Our editorial team analyzes and reviews each institution across deposit products such as savings accounts, checking accounts, certificates of deposit (CDs) and money market accounts (MMAs). Banks are rated by important factors such as offered interest rates, fees, minimum balance requirements, access to funds and more.

We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. Read our full review methodology.

Boeing Employees' Credit Union Review 2024

The Bankrate promise

At a glance

Overview

Highlights

Overall

Pros

Cons

We want to know what you think about Boeing Employees' Credit Union

Boeing Employees' Credit Union banking products

Boeing Employees' Credit Union savings overview

Pros

Cons

Rate history for Boeing Employees' Credit Union's Savings account

Boeing Employees' Credit Union CD overview

Pros

Cons

Rate history for Boeing Employees' Credit Union's CD accounts

Boeing Employees' Credit Union money market overview

Pros

Cons

Boeing Employees' Credit Union checking overview

Pros

Cons

Bank fees

About Boeing Employees’ Credit Union

Customer experience

Review methodology

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