Dedicated to Deposits: Deals, Data, and Discussion

5.10% 9-Month CD at a California CU - Easy Membership (E-Central).

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E-Central Credit Union
Update 2/2/08: CD rates have fallen. Please check the credit union's website for the latest rates.

E-Central Credit Union is offering a special 5.10% 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. I reported on a similar CD from this credit union in November when it was a 5.35% 9-month CD.

Note, when I had posted this on Friday, their website still listed it as a 5.20% APY 7-month certificate special. However, a credit union's rep replied to my email stating that it's now a 5.10% APY 9-month liquid certificate special as described above. They may be slow in updating their website.

The credit union rep also mentioned about a new Special Anniversary Certificate which is also not listed on their website. It's a 6.50% APY 4-month certificate with a maximum deposit of $2,500 and a minimum deposit of $1,000. It requires new money, and you must also have an active checking account.

Both the Liquid Certificate and the Special Anniversary Certificate are scheduled to expire on February 15, 2008.

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 $137.2 million in assets and 18,327 members.

Edited 1/5/08: Updates were made based on new info I received from the credit union. The 5.20% 7-mo liquid CD seems to have been replaced with a 5.10% 9-mo liquid CD. They may be slow in updating their website.
  Tags: California, E-Central Credit Union, CD rates

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Comments
Comment #1 by Anonymous posted on
Anonymous
I don't see the 9month Cd for 5.10.

1