Dedicated to Deposits: Deals, Data, and Discussion

7% 6-Month CD at a California CU ($5K Max)


Pacific Service Credit Union has improved their new member certificate special that I first reported about on May 13. They are now offering 7% APY for new members of any age. Previously, the APY for new members over 21 was 6%. The maximum deposit limit is still $5K. The minimum for those 21 and under is $100. The minimum for those over 21 is $1K.

Also, they are still offering the bonus rebate that will provide 5% rebate on interest earned on all deposits on 6-month CDs earned through October 31, 2006. So with this rebate, the APY of this special certificate is about 7.35%. This results in about an extra $50 over the earnings of a top 6-month CD available nationally.

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.