Dedicated to Deposits: Deals, Data, and Discussion

6.00% 8-Month CD at Santa Clara County Credit Union Continues

POSTED ON BY

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.
  Tags: California, CD rates

Related Posts

Comments
Comment #1 by SVG (anonymous) posted on
SVG
 
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
 

1