Dedicated to Deposits: Deals, Data, and Discussion

5.05% 12-Month / 4.80% 48-Month CD at a California CU (Pacific Transportation).


Update 3/5/08: The CD rates have fallen. Please check the credit union's website for the latest rates.

Last Tuesday I reported on Pacific Transportation FCU's special 5% APY 5-month CD. I had overlooked some of their competitive standard CD rates. The highest yield is 5.05% APY for a 12-month term and a minimum deposit of $100,000. The longer term rates include a 4.70% APY 2-year CD, a 4.75% APY 3-year CD and a 4.80% APY 4-year CD. CDs with minimum deposits of $50K, $25K and $10K have yields 10, 20 and 30 basis points lower. An additional 5 basis points are added for IRA certificates, so the 12-month IRA certificate with a $100K minimum has a yield of 5.10% APY.

Membership is open to employees of several businesses and members of a few organizations. One organization is the Pasadena Model Railroad Club in which anyone can join. For full details of credit union membership, please see the Who Can Join page. Membership requires a $10 minimum deposit into the Prime Share savings account.

Branches are located in Pasadena, Colton, Long Beach and Hacienda Heights, CA. The credit union is federally insured by the NCUA (Charter # 3378). It has $81.1 million in assets and 8,540 members.

Thanks to the reader who mentioned these rates in the previous post.

Related Pages: California, CD rates, IRA rates

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Comment #1 by Anonymous posted on
A CSR today advised that 2/29 would likely be the last day for the 5.05% rates.

A week ago, another CSR said the rates would likely last several weeks.

Comment #2 by Anonymous posted on
According to their website, the 5.05% rate is no longer available as of today.