Redwood Credit Union is offering a 5.56% APY 12-month certficate. The minimum deposit is $1,000. This yield requires that you have an active checking account. Without this, the rate is 0.25% lower.
Field of membership includes those who live or work in any of the California counties of Sonoma, Marin, Mendocino, Lake, Napa, San Francisco, Contra Costa or Solano. You can also be eligible via select employer groups and via family. Membership requires a one-time fee of $10 and a minimum deposit of $5 into your share savings account.
The credit union is federally insured by the NCUA (Charter # 60793). It's a large credit union with $1.6 billion in assets and 134,939 members.