Universal City Studios Credit Union is offering a special 5.50% APY 14-month share certificate (see pdf rate table). The minimum deposit is $50,000. A yield of 5.20% APY is available for a $500 minimum. This special CD has a rate bump feature, but with the declining rates, I doubt this will be useful. There's also a 24-month IRA certificate with a yield of 5.51% APY with a minimum deposit of $50K. The yield is 5.25% APY for a $500 minimum.
In addition to current and retired employees of Universal Studios, membership is open to anyone who lives, works, worships or attends school in the San Fernando Valley or West Los Angeles Corridor. Please refer to the credit union's Join Us page for more details. Membership requires a $1 fee and a minimum deposit of $5 into your savings account.
Branches are located in Universal City and Burbank, CA. A reader who emailed me info on this special mentioned that she had trouble getting into the branch parking lot today due to all the screenwriters picketing the studio.
The credit union is federally insured by the NCUA (Charter # 64893). It has $68.6 million in assets and 8,858 members.
Thanks to the reader who emailed me info on this CD special.