Dedicated to Deposits: Deals, Data, and Discussion

5.55% 15-Month CD at a California CU - Open To All (Kinecta)


Kinecta Federal Credit Union is offering a promotional 15-month share certificate with a yield of 5.55% APY. The minimum deposit is $1K. The early withdrawal penalty is 90 days of interest.

This is a similar CD special that Kinecta was offering in June. I haven't been following this credit union so I'm not sure if it has recently returned or if it has continued since June. According to the CSR, this special should last at least through January.

Field of membership includes members of a non-profit soceity called the Consumers Cooperative Society of Santa Monica. Membership into this society is open to any individual. There's a one-time membership fee of $10. You can also be eligible to join Kinecta via Select Employer Groups and via family. Only a $5 deposit in the savings account is required for credit union membership.

Another nice thing about Kinecta is that it has an online banking system in which you can open CDs online. Last February I posted on another one of their promotional CDs. With a good online banking system combined with frequent CD specials, this may be a good credit union to join for the long term.

Kinecta has branches in several California cities including Brea, Hawthorne, Irvine, Malibu, Manhattan Beach, El Segundo, Santa Monica, Upland and Westminster.

The credit union is federally insured by the NCUA. It's a large credit union with $3.3 billion in assets and 192,652 members.