5.35% 9-Month CD at a California CU - Easy Membership (E-Central).

E-Central Credit Union is offering a special 5.35% APY 9-month liquid certificate. The minimum deposit is $2,000, and new money is required. The liquid feature allows funds to be available 30 days after you open the CD. You can withdraw up to 50% of the initial deposit without penalty during the term. Withdrawals must be at least 7 days apart. This CD without the liquid feature is also available as an IRA. This special CD expires tomorrow, November, 16, 2007.

The credit union also has a Super Saver's Certificate with a 7% APY for 7-months. However, the maximum deposit is only $1,000 so you'll only earn about $12 over what you would earn in a 5% account.

The credit union's standard share certificate rates are fairly competitive with yields of 5% and over for terms of 6 to 60 months.

Membership is open to anyone who belongs to another credit union. I'm not sure if there are additional requirements for this, but this is what is stated in the credit union's Eligibility page. You can also qualify if you live, work, worship, or attend school in one of many California cities. Please refer to the eligibility page for the full details. Membership requires a $5 fee and a $25 minimum deposit in your savings account.

Branches are located in Pasadena and Los Angeles, California. The credit union is federally insured by the NCUA (Charter # 62323). It has $137.9 million in assets and 18,436 members.

Tags: California, E-Central Credit Union, CD rates, IRA rates