Dedicated to Deposits: Deals, Data, and Discussion

8.00% 18-Month CD at a California CU - $2K Max (San Mateo).


San Mateo Credit Union
San Mateo Credit Union is offering a special 8.00% APY 18-month certificate that's only offered at their Broadway Branch, and it's only offered this Saturday on June 23, 2007. The maximum deposit allowed is $2,000, and it's limited to one per member. Existing members must refer a new member.

With a $2K cap and a 18-month term, you'll earn about $90 over what you would earn if that $2K were in a 5% account. It's not a super deal, but it's not bad. The credit union is also still offering a 5.50% APY 12-month CD which is available at any of their branches (see post).

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 Broadway Branch is located in Redwood 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.

Related Pages: California, CD rates, San Mateo Credit Union

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Comment #1 by icefox (anonymous) posted on
So do you have to be there in person? And if not anyone know someone who can refure me? :)

Comment #2 by Anonymous posted on
I called and I told them that I saw their promotion online, but I live in San Mateo County. They said that I was eligible to open an account and needed NO referral. This is for NeW members only.
For existing members, they have to refer a new member in order to get the 8% CD.
So...since I am just a new person off the streets (that lives in SM) then I can open an account! They told me to come early. I suspect it will be busy.

Comment #3 by Anonymous posted on
Keep in mind, to open a CD you seem to require to open a checking account, and they have no free checking account. They all require DD or high balances to waive monthly fees.