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10% 12-Month CD at a California CU - $1K Max (Meriwest). - Update

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Meriwest Credit Union
Meriwest Credit Union is offering another special 10.00% APY 12-month share certificate. The minimum and maximum deposit is $1,000. Current members must refer a new member. New members must open a checking account. The offer is only available through August 25, 2007.

The $1K cap hurts this deal. You'll earn about $50 over what you would earn in a 5% account. They had a similar deal in June.

Field of membership includes those who live, work or study in Santa Clara, Alameda, Contra Costa, San Mateo, or San Francisco County. Select Employer Groups include IBM employees and retirees. Family members and other SEG's can also qualify. See site for details. Membership requires a one-time fee of $5.

Branches are located in California cities of San Jose, Milpitas, San Mateo, Mountain View, Palo Alto, Menlo Park, Dublin and San Ramon. There are also two branches in Tucson, Arizona.

The credit union is federally insured by the NCUA (Charter # 68394). It has $1.1 billion in assets and 74,989 members.

  Tags: California, Meriwest Credit Union, CD rates

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Comments
Comment #1 by Anonymous posted on
Anonymous
There are a number of credit unions that have offered this promotion now and while the members do not seem that receptive to it because of the $1,000 limit, it is still a great deal. Even if it is only $1,000, few other places will give you that high of an interest rate on that little money. An extra $50 bucks is an extra $50 bucks, right? Maybe it wouldn't be a good enough reason for me to switch my checking over there, but it's still a nice incentive.

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