5.00% 50-Month CD at The Golden 1 Credit Union in California

The Golden 1 Credit Union continues to offer long-term certificate specials, but the rates are slowly dropping. The current special has a 5.00% APY for a 50-month term. The minimum deposit is $1,000. It's also available as an IRA certificate with a minimum deposit of $500. The 5.00% APY requires members to have a checking account with direct deposit. Otherwise, the yield is 4.75% APY.

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.

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