6.00% 12-Month CD at a California CU (The Golden 1).

The Golden 1 Credit Union just started a new certificate special. It's a 6.00% APY 12-month CD. There's a minimum deposit of $2.5K and a maximum deposit of $100K. There's a bump-up feature which provides for a one-time opportunity to bump up the rate if the rate on your CD increases.

The Golden 1 has been coming out with new bump-up CD specials for the last several months. The last ones were a 5.51% 14-month CD, a 5.47% 13-month CD and a 5.45% 10-month CD. One thing to note, each bump-up CD has a different term so for those who opened one of these previous bump-up CDs, you probably can't bump the rate on those to 6%. That's the problem with the bump-up feature especially when it's applied to a special. However, a 6% 12-month CD is 25 basis points above the best 1-year CD listed at Bankrate. This is a good deal regardless of the bump-up feature.

The Golden 1 Credit Union's field of membership includes those who live or work in one of many counties of California. The FOM also has a long list of eligible employers. See site for details.

Branches are located throughout the state of California including the cities of Sacramento, Los Angeles, Modesto, Napa, Ontario, Fresno and Jackson.

The Golden 1 Credit Union is NCUA insured. It's the fifth largest credit union in the US with $6 billion in assets and more than 650,000 members.

Credit for this find goes to the commenter who mentioned it in the finding deals post.