6.02% 60-Month / 5.76% 12-Month CD at a California CU (Bay Federal)

Bay Federal Credit Union has high yields on many of its certificate terms. The yields range from 5.76% APY for the 12, 18 and 24 month terms to 6.02% APY for the 5 year term (see rate sheet). The minimum deposit is $10,000. Rates of 0.10% less are available with a $1K minimum. The 3 to 5 year CD's have a special bump-up feature that allows a one-time option to bump up the rate to a newer higher rate. The certificates are also available in an IRA.

Field of membership includes those who live, work, volunteer, worship or attend school in the California counties of Santa Cruz, San Benito or Monterey. See site for details. Membership requires a one-time membership fee of $5.

The credit union is federally insured by the NCUA (Charter # 12067). It has $556.9 million in assets and 57,530 members.

Tags: California, Bay Credit Union, CD rates, IRA rates