Dedicated to Deposits: Deals, Data, and Discussion

3.00% 12-Month CD at Xceed Financial Credit Union in California - Local Only


Xceed Financial Credit Union
Xceed Federal Credit Union is having a 2-day new-branch promotion at its El Segundo office located at 460 N Sepulveda Blvd, Suite C. For only this Friday and Saturday (9/25/09 and 9/26/09), this branch is offering a 3.00% APY 12-month CD. A checking account is required with either direct deposit or bill pay. This special isn't listed at the credit union's website. A reader emailed me info on this, and I just called the branch for details. According to the CSR, there is no maximum deposit. Minimum deposit is $250.

This special CD is only available at this new El Segundo branch, and it's only available this Friday and Saturday. The branch's phone number is 310-426-7400.

The credit union also has a good deal on its SeekMore Checking Account with a 1.60% APY if the member has direct deposit or at least one loan of $10,000 or more. This checking account is available at all of their branches.

My last report on this credit union was in May 2008 when it was offering a 5% 5-month CD.

Membership is open to members of several organizations. One is the Friends of the Webster Public Library which anyone can join for a $8 fee ($5 for those 60 and over). Another is the Heal the Bay. Anyone can join this with a $25 fee. You can also be eligible to join the credit union without joining an association if you live, work, worship or attend school in various communities around the nation. For the full details of credit union eligibility, please refer to their Membership page. Membership requires a minimum deposit of $5 in the Membership Savings account.

Xceed Financial Credit Union's ratings for safety and soundness are mixed: 4 stars (excellent) at BauerFinancial (based on 6/30/09 data) and 2 stars (below peer group) at (based on 3/31/09 data).

The credit union used to be Xerox FCU. The name changed to Xceed Financial in 2008. The credit union is federally insured by the NCUA (Charter # 20068).

Thanks to the reader who emailed me info on this special.

Other Competitive Certificate of Deposit Rates

  Tags: California, CD rates, Xceed Financial Credit Union

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Comment #1 by Anonymous posted on
Starting Monday, Sept. 28th they are adding to the Seekmore checking that already pays 1.60% APY, by giving $50 to each new account opened with direct deposit. This is a Grand Opening special and expires Sat. October 3rd. The $50 automatically gets deposited on the last day of the month following 90 days of the account being opened.