Update 1/27/09: The rate of this special 11-month CD has fallen to 3.50% APY.
La Financial Credit Union is offering a promotional 11-month certificate with an APY of 4.00%. Minimum deposit is $1,000. It's also available as an IRA certificate. This promo is listed in the credit union's rate table as of 12/10/08. The CD will automatically renew as a 12-month term. As is common with CDs, I would assume you can close the CD at the end of the 11-month term during the grace period.
Membership is open to those who live, work, worship, volunteer or attend school in Los Angeles County, California. Membership is also open to anyone who lives or works in Lake Havasu City, Arizona through Havasu Community Credit Union (a division of LA Financial CU). Please refer to LA Financial CU's membership page and Havasu Community CU's membership page for more details. The credit union has a $5 membership fee, and there's a $5 minimum deposit required for the savings account. A minimum $100 balance in the savings account (or $2.5K combined balance of all savings and loans) is required to avoid a $3/month fee (see savings account info).
Branches are located in Los Angeles, Pasadena and Norwalk, CA, and in Lake Havasu, AZ. The credit union is federally insured by the NCUA (Charter # 2024). It has $288.2 million in assets and 34,419 members.
Thanks to the reader who mentioned this special in the Finding the Best Deals post.