Dedicated to Deposits: Deals, Data, and Discussion

4.75% 3-Month CD at a California Credit Union (California Pacific)

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Update 3/15/08: The CD yield has fallen from 5.00% to 4.75% APY. The title has been modified to reflect this change.
Update 3/1/08: The CD yield has fallen from 5.55% to 5.00% APY. The title has been modified to reflect this change.

California Pacific FCU is offering a special 5.55% APY 3-month share certificate. The minimum deposit is $1,000.

After last month's Fed rate cuts, it's rare to see CD rates this high. Too bad it isn't a longer term. Also, I'm afraid membership qualifications are pretty narrow.

Membership is open to those who live, worship or work in the portion of northeastern Contra Costa County, California. Please refer to their Membership page for details. Membership requires a minimum deposit of $25 in the share savings account.

Branches are located in Concord and Brentwood, California. The credit union is federally insured by the NCUA (Charter # 1592). It has $55.0 million in assets and 6,594 members.

Thanks to the reader who mentioned this special in the Finding-the-best-rates post.
  Tags: California, CD rates

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