Pacific Service Credit Union continues to offer a 7.00% APY 6-month certificate for new members. The maximum deposit is $5,000. The minimum is $1,000 for those over 23 and $100 for those 23 and under. My last report on this special was in January. I'm not sure if it had gone away or if it has always been available. It doesn't seem to be listed on the website anymore. I learned about it from a reader's email, and I confirmed with the credit union that it's available.
With a $5K cap, you'll earn about $50 more in this CD than a 5% savings account. In January a reader noted that he was able to open 3 of the 7% CD's for each family member. So that can help make it a better deal. He also pointed out that they will make the initial $5 deposit in the savings account as a 'thank you' for applying online.
Membership is open to anyone who lives, works, attends school, or worships in Alameda, Contra Costa, Fresno, Marin, Napa, Placer, Sacramento, San Francisco, San Mateo, Santa Clara, Solano or Sonoma County, California. Please see their membership page for more details.
Branches are located in San Francisco, Pleasant Hill and Fresno. The credit union is federally insured by the NCUA (Charter # 68413). It has 68,734 members and $1.10 billion in assets.
Thanks to the reader who emailed me info on this special.