Dedicated to Deposits: Deals, Data, and Discussion

2.20% 16-Month CD & 2% 8-Month CD at San Francisco FCU - Local Only

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San Francisco FCU is offering two special certificates with competitive rates: 2.20% APY for 16 months and 2.00% APY for 8 months. Minimum deposit is $1,000, and the maximum deposit is $50,000. According to the small print: "Members may open both promotional certificates but only limited to one of each. Offer available until close of business on 10/31/2009."

My last report on this credit union was two years ago when the 8-month CD special had a 5.55% APY. It's an example of how much rates have fallen since 2007.

Membership is open to those who work, live, worship or attend school in San Francisco. Refer to the credit union's membership page for more details. Membership requires a $5 fee and a $5 initial deposit into your share savings account. Note, there's a monthly low balance fee if your total combined balance of all your deposit accounts is less than $100 (and you don't have a loan).

The credit union's ratings for safety and soundness are above average: 5 stars (superior) at BauerFinancial and 3 stars (performing) at Bankrate.com. Both ratings are based on 6/30/09 financial data. The credit union is federally insured by the NCUA (Charter # 24542).

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  Tags: California, CD rates

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