Dedicated to Deposits: Deals, Data, and Discussion

4.82% 24-Month / 4.52% 12-Month CD at a California CU (Mission City)

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Mission City FCU has some very competitive certificate rates. The best rates include a 4.26% APY 6-month CD, a 4.52% APY 12-month CD and a 4.82% APY 24-month CD. These have a minimum deposit of $2,500. Jumbo certifcates have yields of 4.82% APY for the 18-month term and 5.12% APY for the 24-month term. The Jumbo minimum deposit is $100,000. These same rates are also available for the IRA certificates. The rate table has a date of July 2007, but the CSR said that these rates are still available. She didn't know when they would change. According to the reader who mentioned this deal, these rates haven't changed since 2006. With the latest Fed rate cuts, these CD rates have become very competitive.

Membership is limited to employees of various Santa Clara government positions and businesses. Also, employees, students and alumni of Santa Clara University are also eligible. Please refer to their How-to-Join Page for more details. Membership requires a minimum deposit of $50 in the share savings account and a one-time fee of $5.

The credit union is federally insured by the NCUA (Charter # 13131). It has $50.7 million in assets and 4,017 members.

Thanks to the reader who mentioned this credit union in the finding-the-best-deals post.

  Tags: California, CD rates, IRA rates

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Comments
Comment #1 by Nicole (anonymous) posted on
Nicole
5.12% for a jumbo CD is wonderful.

Thank you.

1