5.75% 7-Month CD at a California CU (Tech CU)

Jul 27, 2006 - 7:04 PM by Ken Tumin

Technology Credit Union (Tech CU) is offering a 5.75% APY 7-month certificate. The minimum deposit is $1K. The maximum limit is $250K per member. The offer is available for business and personal accounts.

The field of membership includes those who live, work, worship or attend school in the following California counties: Santa Clara, San Mateo, Alameda, Contra Costa, Santa Cruz and San Francisco. You can also be eligible through select employer groups. See site for details. Membership requires a $25 deposit into a savings account and can be opened online.

My last report on this credit union was back in December when it was offering a 4.95% 18-month CD which was a good rate back then. It shows how much interest rates have risen in the last 7 months.

The credit union is NCUA insured. It has total assets of $1.2 billion and over 71,000 members.

Another good short term CD available at a California credit union is a 5.75% 5-month CD that's still being offered by OCTFCU (see post).

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