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5.50% 11-Month CD at California Credit Union and $75 Checking Bonus


California Credit Union
California Credit Union is still offering a 5.50% APY 11-month Expert Earner Savings Certificate. The minimum deposit is $10,000, and it requires new money.

They still have a $75 bonus for opening its free checking account. It requires direct deposit. There are no monthly fees or balance requirements. The first order of checks are free.

The credit union had several CD promotions last year including 8% 8-month $5K max CD. My last report on these latest specials was in February.

Field of membership primarily includes employees of California schools. However, the FOM also allows you to qualify if you are a Parent Teacher Association or Parent Teacher Student Association member. If you're not a member, it states that they can sign you up.

The main office is located in Glendale, California. It has several other branches in Los Angeles, North Hills, Encino, Pasadena and Torrance.

The credit union is federally insured by the NCUA (Charter # 60784). It has $1.20 billion in assets and 77,587 members.

  Tags: California, CD rates, California Credit Union

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Comment #1 by Jim (anonymous) posted on
Do Direct Deposit requirments mean that a paycheck or something similar must be deposited or do any regular scheduled deposits qualify?

Comment #2 by Banking Guy (anonymous) posted on
Banking Guy
Sometimes an electronic funds transfer that you initiate from another bank account can qualify as a direct deposit. It depends on the credit union/bank whether it's accepted as a direct deposit.