Dedicated to Deposits: Deals, Data, and Discussion

4.25% 7-Month CD at Altura Credit Union in California

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Altura Credit Union
Altura Credit Union is offering a special 7-month certificate with an APY of 4.25%. This requires the credit union's Honors Checking Account. A lower yield of 4.00% APY requires only a regular free checking account. Minimum deposit is $1,000.

This special doesn't seem to be listed at the credit union's website. A reader emailed me news of this Friday, and I contacted the credit union Friday for additional details. According to the CSR, the special is scheduled to last through 12/31/08. It's available at all of their branches. When I asked if they do a hard credit inquiry, the CSR said they do not run your credit for a checking account.

The Honors Checking Account has a $10 monthly fee, but this can be waived for combined deposit balances of $10,000.

Membership is open to anyone who lives, works, attends school, or worships in Riverside County, San Diego County or in the cities of Anaheim, Garden Grove, Irvine, Santa Ana, Rancho Cucamonga, Ontario or Fontana. Membership requires a $12 fee. Please refer to the Credit Union Membership Page for more details. According to this page, $7 of the fee is for members' equity. I'm not sure if this is a deposit in their regular share savings account. Note, this account has a minimum balance requirement of $250 to avoid a $2/month fee.

Altura Credit Union is federally insured by the NCUA (Charter # 62799).

Thanks to the reader who emailed me news of this promotion.
  Tags: California, Altura Credit Union, CD rates

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