6% 6-Month CD at a California CU ($5K Max)

Pacific Service Credit Union has a new member certificate special. They're offering a 7% APY 6-month CD for new members 21 and under. The minimum balance is $100 and the maximum is $5K. For new members over 21, the APY is 6% with the same 6-month term and maximum $5K limit. The minimum balance is $1K instead of $100.

The credit union also has a bonus rebate that will provide a 5% rebate on interest earned on all deposits on 6-month CDs earned through October 31, 2006. So with this rebate, the APYs of these special certificates are about 7.35% and 6.30%.

Since there's a $5K deposit limit, the 7.35% 6-month results in about $50 over the earnings from a top nationally available 6-month CD. The 6.30% 6-month results in about $25 over the earnings from a top nationally available 6-month CD.

The credit union's field of membership includes residents of the following California counties: Alameda, Contra Costa, Fresno, Marin, Napa, Placer, Sacramento, San Francisco, San Mateo, Santa Clara, Solano or Sonoma.

Branches are located in San Francisco, Pleasant Hill and Fresno. The credit union is NCUA insured with 68,000 members and $1.07 billion in assets.

Credit for this find goes to FW member Jom in the FW CD Thread.