Dedicated to Deposits: Deals, Data, and Discussion

6.00% 59-Month CD at The Golden 1 Credit Union in California


The Golden 1 Credit Union
Update 9/19/08: This 6% special CD has ended. It has been replaced with a 5.50% special CD. See this post for more details.

The Golden 1 Credit Union is offering a special 6.00% APY 59-month certificate. The minimum deposit is $1,000. It's also available as an IRA certificate with a minimum deposit of $500. The 6% APY requires members to have a checking account with direct deposit. Otherwise, the yield is 5.50% APY.

The credit union has a history of good CD deals. The last one was in June when they were offering a 5% 100-day CD.

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 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 mentioned this special CD in the Finding-the-best-deals post.

  Tags: California, CD rates, The Golden 1 Credit Union

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Comment #1 by TL (anonymous) posted on
I've been a G1 member for 11 years, and it's actually a little surprising to see G1 making these recent offers. Usually their offers are low or very non-competitive. In that respect the CU has been very conservative and not too exposed, but I suspect it's getting caught up with the rest of the world in needing to build deposits again.