4.25% 10-Month CD (4.45% IRA) at KeyPoint Credit Union in California

KeyPoint Credit Union has a special 10-month certificate with some competitive yields. The rates vary by minimum deposit, direct deposit and CD type (regular or IRA). Below is the full list 10-month CD rates as of 11/25/08:

• 4.00% APY CD, $25K min
• 4.20% APY IRA CD, $25K min
• 4.25% APY CD, Direct Deposit, $25K min
• 4.45% APY IRA CD, Direct Deposit, $25K min
• 4.05% APY CD, $75K min
• 4.25% APY IRA CD, $75K min
• 4.30% APY CD, Direct Deposit, $75K min
• 4.50% APY IRA CD, Direct Deposit, $75K min

This 10 Month CD requires a minimum of $10,000 in new money to the credit union. They also have a liquid access option in exchange for a 0.25% lower rate. This option allows you to make 3 deposits or withdrawals during the term. A maximum 50% increase or decrease from the original deposit will be allowed during the term of the account.

I last reported on this credit union in June when it was offering 12-month CDs with yields 20 basis points under these 10-month CDs.

Membership is open to those who live, work, worship or attend school in one of the following California counties: Alameda, Contra Costa, Sacramento, San Mateo, Santa Barbara, Santa Clara and designated areas of Ventura County. You can also be eligible to join through select employer groups or family relation. Please see the credit union's eligibility page for details. One downside with this credit union is a $35 one-time membership fee. Remember to try to get this waived if you join to open a CD. Often these fees are negotiable.

Branches are located in Concord, Cupertino, Milpitas, Pleasanton, Santa Clara, San Jose, Sunnyvale, Folsom and Goleta.

The credit union's financial ratings for soundness are mixed: 4 stars (excellent) at BauerFinancial and 2 stars (below peer group) at Bankrate.com. Both ratings are based on 6/30/08 data. KeyPoint is federally insured by the NCUA (Charter # 65299).

Tags: California, CD rates, Keypoint Credit Union, IRA rates