Update 3/15/08: The 9-month CD yield has fallen again. Please check the credit union's website for the latest rate.
Update 2/13/08: The 9-month CD yield has fallen from 5% to 4.50% APY. The title has been changed to reflect this.
Christian Community Credit Union is offering a special 5.00% APY 9-month certificate. The minimum is $10,000, and the maximum is $250,000.
The credit union also has some additional specials for new accounts:
- 5.50% APY 7-month certificate: minimum deposit: $1,000, maximum deposit: $10,000
- 5.00% APY Money Market Account guaranteed for 6 months for balances between $1,000 and $10,000. $8 monthly fee if balance drops below $1,000.
- $50 bonus for opening Interest Checking with Rewards. Requires direct deposit.
If you deposit the $10K max in the 7-month CD, you'll earn about $87 over what you would earn with a 4% CD.
Membership is open to those who affirm a personal Statement of Faith. Please see their Membership page for more details.
They have an online membership application in which you can select the statement of faith and select the accounts to open. The new-member 5.50% CD and 5.00% money markets are listed in the selection, but the 5.00% 9-month CD isn't listed. When you select "continue" after selecting the accounts, a popup window states that there's a limit of $5,200 for funding the accounts from your existing checking or savings account.
The credit union has offices in San Dimas and Covina, California.
This credit union is NOT federally insured by the NCUA. It has private insurance through American Share Insurance (ASI). This was the same private insurance that Patelco Credit Union had before this year. Like NCUA, the ASI does provide access to each credit union's financial data. Here's the ASI page for this credit union. It has a 3 out of 5 star rating (performing) at Bankrate.com based on 9/30/07 data.
Thanks to the reader who mentioned these specials in the Finding-the-best-rates post.