Dedicated to Deposits: Deals, Data, and Discussion

4.00% 7-Month CD at Western FCU - Easy Membership


Western Federal Credit Union
Western FCU is offering a special 4.00% APY 7-month CD. The minimum deposit is $1,000. According to the credit union's promotional web page, this offer is scheduled to last through November.

I had posted on Western FCU several times in 2007 when it was offering long-term CDs with yields as high as 5.75% APY. Its CD rates haven't been too competitive for most of this year.

Membership is open to members of two associations in which anyone can join with a $25 fee. Western FCU also has a long list of Select Employer Groups in which you can be immediately eligible to join. Please see their how to join page for more details.

Membership requires a $5 membership fee and a minimum deposit of $5 into the primary savings account. In the online application, it states that the $5 membership fee and $5 membership deposit are compliments of Western. It warns that it's only for a limited time. However, it has been this way since my September 2007 post.

Branches are located in Arizona, Arkansas, California, Colorado, Texas, Utah and Virginia. The credit union is federally insured by the NCUA (Charter # 15732). It's a large credit union with $1.46 billion in assets and 139,796 members.

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

Other High Certificate of Deposit Rates

A 4% APY is not the best for CD terms around 7 months, but it's competitive. As you can see from my weekly rate summary, several banks are offering yields of over 4.10% for 6 and 7-month terms. The best yield from a federally insured institution is at BankUnited with a 4.40% APY.

  Tags: Western Federal Credit Union, California, Virginia, Utah, Colorado, Arizona, CD rates, Arkansas, Texas

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