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5.05% 9-Month CD at a CA/NY Credit Union (First Entertainment).

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First Entertainment Credit Union
First Entertainment Credit Union is offering a special certificate with a yield of 5.05% APY for terms of 6 to 9 months. The minimum deposit is $1,000.

This credit union regularly comes out with some nice CD deals. Last August they were offering a 5.60% 7-month CD and last May they were offering a 6% CD. A reader commented about opening these certificates last year and thought "they were easy to deal with and pleasant."

The credit union has an online CD application which allows you to select how the funds should be treated at maturity, how interest is to be paid and which First Entertainment account is to be used for funding. It also allows you to add up to two POD beneficiaries.

Field of membership includes most individuals who work, live, attend school or worship in the Greater Los Angeles Area. You can also be eligible via select employee groups and via family members (and not just immediate family). See site for details. Membership requires a one-time fee of $5 and a minimum deposit of $5 into your Prime Share savings account.

Branches are located in the California cities Hollywood, Burbank, Culver City, Pasadena, Santa Monica, Los Angeles and Valencia. There's also a branch in New York, New York.

The credit union is federally insured by the NCUA (Charter # 68373). It has $643.7 million in assets and 53,543 members.

Thanks to the reader who mentioned this special certificate in the finding-the-best-rates post.

  Tags: New York, First Entertainment Credit Union , California, CD rates

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