Dedicated to Deposits: Deals, Data, and Discussion

5.50% 55-Month CD at The Golden 1 Credit Union in California

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The Golden 1 Credit Union
The Golden 1 Credit Union has started a new certificate special that has replaced the 6% special that I reported on Wednesday. This new one has a yield of 5.50% APY for a term of 55 months. The minimum deposit is $1,000. It's also available as an IRA certificate with a minimum deposit of $500. The 5.50% APY requires members to have a checking account with direct deposit. Otherwise, the yield is 5.20% APY.

This special is not yet listed on The Golden 1's website. A reader emailed me info of this new special, and I called for additional details. It should appear on their website soon. According to the CSR, it's scheduled to last through next Thursday (9/25/08). Update 9/22/08: The promotion is now listed on the website.

Membership is open to those who live or work in one of many counties in California. Employees of many companies can also qualify. Please refer to their Membership Page for the full details. Membership requires a minimum balance of $1 in the regular savings account.

Branches are located throughout the state of California including the cities of Sacramento, Bakersfield, Los Angeles, Modesto, Napa, Oakland, San Francisco, Lincoln, Folsom, Fresno and Jackson.

The credit union has some decent financial ratings for soundness although the ratings are somewhat mixed: 5 stars (superior) at BauerFinancial and 3 stars (performing) at Bankrate.com. Both are based on 6/30/08 data.

The Golden 1 Credit Union is federally insured by the NCUA (Charter # 61650). It's one of the largest credit unions in the US with $7.0 billion in assets and 685,722 members.

Thanks to the reader who notified me of this new CD special.
  Tags: California, CD rates, The Golden 1 Credit Union

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