Dedicated to Deposits: Deals, Data, and Discussion

4.20% 10-Month Liquid CD at Telesis Community CU in California

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Telesis Community Credit Union
Telesis Community Credit Union is offering a 4.20% APY 10-month liquid certificate. The minimum deposit is $5,000. It has two liquid features: 1) allows additional deposits (minimum of $100) any time, up to the $100,000 limit, and 2) allows up to two withdrawals during the term (as long as the balance remains above the minimum). The liquid CD is also available in an IRA.

The CD yield isn't the best, but the liquid features are nice in this uncertain rate environment. If rates go up and better deals are found, you can do a penalty-free early withdrawal. If rates go down, you can add money to this CD.

Membership is open to those who live, work or worship in the San Fernando Valley, Santa Clarita Valley, or Ventura County in Southern California. You can also be eligible if you live, work or worship in Lafayette, Moraga, Orinda, Walnut Creek or Pleasant Hill in Northern California's Contra Costa County. Please see the credit union's Membership Page for the full details.

Branches are located in the California cities of Northridge, Camarillo, Canyon Country, Simi Valley, Valencia, Van Nuys, Westlake Village and Woodland Hills.

The credit union's financial ratings for soundness are a little weak: 3 stars (adequate) at BauerFinancial and 2 stars (below peer group) at Bankrate.com. Both are based on 6/30/08 data.

The credit union is federally insured by the NCUA (Charter # 68396).

Thanks to the reader who mentioned this special CD in the Finding the Best Deals post.

  Tags: California, Telesis Community Credit Union, CD rates

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Comments
Comment #1 by Anonymous posted on
Anonymous
This deal ended today, per the CSR.

1