Explore Boeing Employees’ Credit Union’s suite of bank accounts

Members benefit from no monthly fees and a sweeping product suite.

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Boeing Employees’ Credit Union

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West Coast-based Boeing Employees’ Credit Union (BECU) serves its members a comprehensive selection of free checking and savings accounts. But its interest rates are lackluster and you’ll need to become a member before you apply.

Am I eligible?

For a personal membership at BECU, meet the following criteria:

  • Residents of Washington state, select Oregon and Idaho counties
  • Employees, volunteers, retirees and family members of:
      • BECU
      • Boeing Company
      • Any credit union
  • Members, employees, volunteers and retirees of:
      • The University of Washington Alumni Association
      • The Washington State University Alumni Association
      • The NW Credit Union Foundation

For a business membership at BECU, meet the following criteria:

  • Business owners operating in Washington state, select Oregon and Idaho countries
  • Business owners affiliated with the Boeing Company
  • Business owners that belong to the NW Credit Union Foundation, the University of Washington Alumni Association, the Washington State University Alumni Association or any other US Credit Union Service Organization

What banking products does BECU offer?

Why should I open an account at BECU?

Banking with BECU comes with its fair share of perks:

  • Comprehensive selection. BECU has a large selection of products ranging from personal and business checking and savings options.
  • Interest-bearing checking. A number of BECU’s personal and business checking accounts feature the added bonus of earning interest.
  • No monthly fees. A majority of accounts have no monthly maintenance fees, helping you save in the long run.
  • ATM fee reimbursements. Not only does BECU offer an ATM network of over 30,000 free ATMs, but some accounts also come with monthly third-party ATM fee reimbursements.

What should I look out for?

As is the case with most credit unions, you can’t open an account unless you’re a member. Other drawbacks include:

  • Tiered interest. While its high interest rates are attractive at first glance, they only apply to the first $500 deposited, after which the rate drops significantly.
  • Unimpressive rates. This credit union’s checking and savings rates range from 0.05% to 0.10%, with the highest money market rates of 1.26% reserved only for those with more than $100,000 in their account.
  • Limited branch network. BECU’s branch network is limited to Washington and South Carolina.

Compare with leading bank and credit union accounts

Name Product Interest rate (APY) Fee Minimum deposit to open
Barclays Online Savings
Earn 20x the national savings account average with no fees or minimums.
American Express® Personal Savings High Yield Savings
Enjoy no monthly fees and a competitive APY with this online-only savings account. Accounts offered by American Express National Bank, Member FDIC.
BBVA Money Market
$15 per month
(can be waived)
Earn one of the highest annual percentage yields (APYs) if you live in one of 42 eligible states, and access your money by ATM, check or bill pay.
UFB Direct High Yield Savings
Earn a competitive rate with a balance higher than $10,000.
CIT Bank Savings Builder High Yield Savings Account
A super-high interest rate if you're in the habit of saving at least $100 per month or have $25K in the bank.
Radius Bank High-Yield Savings
A free high-interest savings account with a $100 minimum deposit to open

Compare up to 4 providers

BECU’s customer service

BECU offers members five ways to get in touch:

  • In-person. If you live within BECU’s branch network, visit one of its financial centers during business hours to speak with a representative.
  • Phone. Call 800-233-2328 weekdays from 7 a.m. to 7 p.m. or Saturdays from 9 a.m. to 1 p.m., PT.
  • Mail. Send a letter to BECU, PO Box 97050, Seattle, WA 98124-9750.
  • Social media. Reach out to BECU on Facebook, Instagram, LinkedIn or Twitter.
  • Online messaging center. Send a secure online message to customer service through your online account.

Bottom line

Boeing Employees’ Credit Union offers nationwide access to its selection of banking products. It’s minimal account fees and ATM fee reimbursements help differentiate it from other providers but it lacks competitive interest rates and its branch network is limited.

If you don’t fit the criteria to join this credit union, review your options with other providers for an account that best meets your banking needs.

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