5.75% 5-Month CD at a California CU (OCTFCU)

OCTFCU is offering a promotional 5.75% APY 5-month share certificate. The minimum deposit is $500. The CD allows a one-time additional deposit up to the initial opening balance. The additional deposit will not affect the rate or maturity date. OCTFCU is also offering a 5.40% APY 10-month share certificate which also has a minimum deposit of $500 and the one-time additional deposit feature. In addition, one member initiated rate increase is allowed during the term equaled to the 12-month Jumbo Share Certificate rate. The current rate of the Jumbo 12-month CD is 5.40% APY.

The field of membership is primarily employer based. Eligible employers include most schools in Southern California. See website for details.

Branches are located throughout Southern California including the cities of Ahaheim, Irvine, Cerritos, Fullerton, Cypress and Santa Ana.

OCTFCU is NCUA insured. It's a large credit union with over $6.2 billion in assets and almost 336K members.