5.50% 12-Month CD at a California CU (San Mateo)

San Mateo Credit Union is offering a special certificate with a yield of 5.50% APY and a term of 12 months. The minimum deposit is $2,000.

Field of membership includes those who live, work or attend school in San Mateo County, California. You can also be eligible via select employee groups and via family. See site for details. Membership requires a one-time fee of $10.

Branches are located in Redwood City, San Mateo, South San Francisco and Daly City.

The credit union is federally insured by the NCUA (Charter # 62736). It has $565.8 million in assets and 60,382 members.

Thanks to the reader who emailed me info on this special CD.

Tags: California, CD rates, San Mateo Credit Union