6.00% 8-Month CD at Santa Clara County Credit Union Continues
May 22, 2007 - 9:13 AM by Ken Tumin
Santa Clara County FCU continues to offer a 6% APY 8-month share certificate as part of its grand opening special. But the offer is scheduled to end on May 31st. I thought this was worth reminding folks before it's too late. I first reported on this in mid April. The minimum deposit is $5,000, and at least 50% of the funds must be new to the credit union. Existing funds receive 5.75% APY.
Field of membership is primarily limited to employees and volunteers of certain companies and their families. Here's the list of eligible companies and organizations. Membership requires a $25 minimum deposit into your share savings account and a $5 membership fee.
Branches are located in San Jose, Campbell and Gilroy, California. The credit union is federally insured by the NCUA (Charter # 24299). It has $433 million in assets and 42,462 members.
Field of membership is primarily limited to employees and volunteers of certain companies and their families. Here's the list of eligible companies and organizations. Membership requires a $25 minimum deposit into your share savings account and a $5 membership fee.
Branches are located in San Jose, Campbell and Gilroy, California. The credit union is federally insured by the NCUA (Charter # 24299). It has $433 million in assets and 42,462 members.
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SVG (anonymous) - #1, Tuesday, May 22, 2007 - 10:40 AM
Banking Guy,
To add to what you've written - Opening the 6% certificate involves a visit to a branch, even for the existing members.
This yield is a great deal, especially since I believe that such yields for short-terms are going to be hard to find in coming weeks/months. However I guess such yields will come-up for long-terms (3 to 5 years) in coming weeks/months.
- SVG
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