2.50% 12-Month Liquid CD at E-Central Credit Union In California - Easy Membership

E-Central Credit Union is offering two special liquid certificates. The most competitive has a 2.50% APY and a 1-year term. The other one has a 2.85% APY and a 3-year term. Minimum deposit is $5,000 (new money). The liquid feature allows you to withdraw funds as often as every 7 days for up to 50% of the initial deposit. Your funds are available 30 days after you open the CD. These special CDs and rates are listed in the credit union's News Center page as of 5/29/09.

This credit union has a history of offering competitive CD specials. My last post was in September 2008 when they were offering a 9-month liquid CD with a 4.10% APY.

Membership is open to anyone who belongs to another credit union. I'm not sure if there are additional requirements for this, but this is what is stated in the credit union's Eligibility page. You can also qualify if you live, work, worship, or attend school in one of many California cities. Please refer to the eligibility page for the full details. Membership requires a $5 fee and a $25 minimum deposit in your savings account.

Branches are located in Pasadena and Los Angeles, California.

The credit union has strong ratings for safety and soundness: 5 stars (superior) at BauerFinancial and 4 stars (sound) at Bankrate.com. Both ratings are based on 12/31/08 financial data. The credit union is federally insured by the NCUA (Charter # 62323).

Other High Certificate of Deposit Rates

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Tags: California, E-Central Credit Union, CD rates