Average User Rating:1 star rating based on 1 review.
North Island Financial Credit Union
North Island Financial Credit Union Locations|
5898 Copley Dr San Diego, CA 92186 (800) 848-5654 www.myisland.com  |
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North Island Financial Credit Union is headquartered in San Diego and is the 28th largest credit union in the state of California. It is also the 177th largest credit union in the nation. It was established in 1940 and as of December of 2012, it had grown to 249 employees and 79,640 members. North Island Financial Credit Union has a 4-star health rating.
See Rates for: Checking | Savings | Money Market | CD | IRA
North Island Financial Credit Union Checking Account Rates
North Island Financial Credit Union Savings Account Rates
North Island Financial Credit Union Money Market Rates
North Island Financial Credit Union CD Rates
| Apy | Min | Max | Product | |
| 1.51% | $100k | - | 60 Month Jumbo Share Certificate | |
| 1.51% | $100k | - | 60 Month Business Jumbo Certificate | |
| 1.46% | $10k | - | 60 Month Mini-Jumbo Share Certificate | |
| 1.46% | $10k | - | 60 Month Business Mini-Jumbo Share Certificate | |
| 1.41% | $2,500 | - | 60 Month Share Certificate | |
| 1.41% | $2,500 | - | 60 Month Business Share Certificate | |
| 0.90% | $100k | - | 36 Month Jumbo Share Certificate | |
| 0.90% | $100k | - | 36 Month Business Jumbo Certificate | |
| 0.85% | $10k | - | 36 Month Business Mini-Jumbo Share Certificate | |
| 0.85% | $10k | - | 36 Month Mini-Jumbo Share Certificate | |
| 0.75% | $2,500 | - | 36 Month Share Certificate | |
| 0.75% | $2,500 | - | 36 Month Business Share Certificate | |
| 0.75% | $25 | - | 36 Month Saver CD | |
| 0.30% | $2,500 | - | 30 Month Share Certificate | |
| 0.30% | $10k | - | 30 Month Mini-Jumbo Share Certificate | |
| 0.30% | $100k | - | 30 Month Jumbo Share Certificate | |
| 0.30% | $2,500 | - | 30 Month Business Share Certificate | |
| 0.30% | $10k | - | 30 Month Business Mini-Jumbo Share Certificate | |
| 0.30% | $100k | - | 30 Month Business Jumbo Share Certificate | |
| 0.10% | $500 | - | 12 Month Saver CD | |
| 0.10% | $2,500 | - | 12 Month Business Share Certificate | |
| 0.10% | $2,500 | - | 18 Month Business Share Certificate | |
| 0.10% | $2,500 | - | 24 Month Business Share Certificate | |
| 0.10% | $10k | - | 12 Month Business Mini-Jumbo Share Certificate | |
| 0.10% | $10k | - | 18 Month Business Mini-Jumbo Share Certificate | |
| 0.10% | $10k | - | 24 Month Business Mini-Jumbo Share Certificate | |
| 0.10% | $100k | - | 12 Month Business Jumbo Certificate | |
| 0.10% | $100k | - | 18 Month Business Jumbo Certificate | |
| 0.10% | $100k | - | 24 Month Business Jumbo Certificate | |
| 0.10% | $2,500 | - | 12 Month Share Certificate | |
| 0.10% | $2,500 | - | 18 Month Share Certificate | |
| 0.10% | $2,500 | - | 24 Month Share Certificate | |
| 0.10% | $10k | - | 12 Month Mini-Jumbo Share Certificate | |
| 0.10% | $10k | - | 18 Month Mini-Jumbo Share Certificate | |
| 0.10% | $10k | - | 24 Month Mini-Jumbo Share Certificate | |
| 0.10% | $100k | - | 12 Month Jumbo Share Certificate | |
| 0.10% | $100k | - | 18 Month Jumbo Share Certificate | |
| 0.10% | $100k | - | 24 Month Jumbo Share Certificate |
North Island Financial Credit Union IRA Rates
| Apy | Min | Max | Product | |
| 1.51% | $100k | - | 60 Month IRA Certificate | |
| 1.51% | $100k | - | 60 Month Roth IRA Certificate | |
| 0.90% | $100k | - | 36 Month IRA Certificate | |
| 0.90% | $100k | - | 36 Month Roth IRA Certificate | |
| 0.30% | $2k | - | 30 Month IRA Certificate | |
| 0.30% | $2k | - | 30 Month Roth IRA Certificate | |
| 0.10% | $500 | - | 6 Month IRA Certificate | |
| 0.10% | $2k | - | 12 Month IRA Certificate | |
| 0.10% | $2k | - | 18 Month IRA Certificate | |
| 0.10% | $2k | - | 24 Month IRA Certificate | |
| 0.10% | $500 | - | 6 Month Roth IRA Certificate | |
| 0.10% | $2k | - | 12 Month Roth IRA Certificate | |
| 0.10% | $2k | - | 18 Month Roth IRA Certificate | |
| 0.10% | $2k | - | 24 Month Roth IRA Certificate |
Rates updated: 5/18/2013
Data for Q4 2012
Institution Statistics
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Institution Health
Overall Score:
4 out of 5 
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2.43% Just Ain't Gonna Happen...
2.43% for a 5 year CD !!!! Sorry, it is too good to be true.
Depositaccounts.com. Love ya, but it is totally misleading to say we will receive this interest rate.
A third of your investment may get get that, but it will be watered down by the low interest rate you get on the other 2/3s which are at substantially lower rates. So what is your blended rate over the 5 year period? I went to North Island Financial Credit Union yesterday and asked that question. The associate couldn't tell me nor could his boss. I am going to try to figure that out on an spreadsheet.
FYI, the other 2/3's must be in a 12 month (@ .4%) and 36 month CD (@1.4%). Are you required to roll these over with North Island Financial Credit Union when they mature? I did not get a clear answer but see below. They said that when the 12 month certificate comes due, you are "expected" to make it a 5 year CD with this credit union.
Here is what I want to do given what I understand: put $249K in this account. $83,333 at 2.43% for 5 years; $83,333 at 1.4% for 3 years and $83,333 at .4% for 12 months. I know right now that I would not want to renew the 12 month nor the 3 year (why limit my options?). I would then let the $83,333 get 2.43% for the full 5 years. Can I do this? The boss said yes, but the website says this: "If you elect not to renew any certificate within your ladder, the remaining certificates will not be eligible for the ladder rates at maturity."
North Island Federal Credit reps are contradicting the website and I am confused. What I do know with certainty is that the consumer ain't gonna get 2.43% any way you slice it.