5.75% 8-Month CD at a California CU (OCTFCU)
Sep 17, 2006 - 4:40 PM by Ken Tumin
OCTFCU is offering a promotional 5.75% APY 8-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. This special is very similar to what they offered in July but with a longer term.
OCTFCU also has competitive rates on its standard CDs. For a $50K minimum, rates range from 5.05% APY for a 3-month CD to 5.75% APY for a 60-month CD. Other rates are available for smaller and larger minimum deposits.
The field of membership is primarily employer based. Eligible employers include most schools in Southern California. See website for further details. There is a $15 one-time membership fee which seems expensive since it can be done online.
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 $6.5 billion in assets and almost 342K members.
OCTFCU also has competitive rates on its standard CDs. For a $50K minimum, rates range from 5.05% APY for a 3-month CD to 5.75% APY for a 60-month CD. Other rates are available for smaller and larger minimum deposits.
The field of membership is primarily employer based. Eligible employers include most schools in Southern California. See website for further details. There is a $15 one-time membership fee which seems expensive since it can be done online.
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 $6.5 billion in assets and almost 342K members.
Featured Accounts
Useful Resources
Featured 1 Year CDs
Anonymous - #1, Tuesday, September 19, 2006 - 11:18 AM
The $15.00 membership fee is for your entire immediate family (spouse and children under 18) and not per individual.
Anonymous - #2, Tuesday, September 19, 2006 - 11:27 AM
Forgot to add:
The membership fee is waived if you are a classified and certificated school employees in Southern California. See "Educators First Membership Package."
Banking Guy (anonymous) - #3, Tuesday, September 19, 2006 - 7:02 PM
Thanks for the info on the membership fee.
I would always recommend asking if there's a way to avoid the membership fee when you join a credit union. I've heard of several cases where people have avoided this. Note, this is the fee charged by the credit union and not by the association that makes you eligible to join.
Add Your Comment
Post a Comment