6.00% 60-Month CD at a California CU
Mar 22, 2006 - 9:47 AM by Ken Tumin
American First Credit Union is offering 5-year CDs with an APY of up to 6.00%. This APY requires a deposit of $30K (4-star bonus). A $15K deposit qualifies for a 3-star bonus with a rate of about 0.15% less. An APY of 5.68% is available for deposits of over $1K.
Even at 6%, a 5-year certificate of deposit is questionable in today's rising rate environment. One thing that helps is that these CDs only have a 90 days of interest penalty for early withdrawal. The typical penalty for certificates over a year is 180 days.
The credit union's field of membership includes those who live in the California counties of Chino Hills, Corona, and Orange County as well as the employees of over 100 companies. The credit union has 6 California branch locations. Accounts can also be opened online and funded with a credit card or by transferring funds electronically from another financial institution.
American First Credit Union is NCUA insured with 75,000 members and over $662 million in assets.
Even at 6%, a 5-year certificate of deposit is questionable in today's rising rate environment. One thing that helps is that these CDs only have a 90 days of interest penalty for early withdrawal. The typical penalty for certificates over a year is 180 days.
The credit union's field of membership includes those who live in the California counties of Chino Hills, Corona, and Orange County as well as the employees of over 100 companies. The credit union has 6 California branch locations. Accounts can also be opened online and funded with a credit card or by transferring funds electronically from another financial institution.
American First Credit Union is NCUA insured with 75,000 members and over $662 million in assets.
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