SchoolsFirst FCU continues to offer a promotional 3-year share certificate with a 3.00% APY. Minimum deposit is $500, and the maximum deposit is $75,000. It's also available in an IRA. The promotion is listed at this credit union's promo page as of 10/02/09.
The credit union also has two special Add-On CDs. Both limit the amount of the add-on deposits to the amount of the initial deposit. On the plus side multiple additional deposits are allowd. One is a 17-month CD with a 2.10% APY and the other is a 7-month CD with a 1.60% APY. Minimum deposit is $500. These rates are listed in the credit union's CD rates page as of 10/02/09.
Membership elgibility is primarily employer based. Eligible employers include most schools in Southern California. Refer to the credit union's membership page for further details. There is a $15 one-time membership fee which seems expensive since it can be done online. A minimum $5 deposit in your share savings account is required for membership.
Branches are located throughout Southern California including the cities of Anaheim, Irvine, Cerritos, Fullerton, Cypress, San Bernardino and Santa Ana.
SchoolsFirst FCU's ratings for safety and soundness are above average: 4 stars (excellent) at BauerFinancial (based on 6/30/09 data) and 3 stass (performing) at Bankrate.com (based on 3/31/09 data). The credit union is federally insured by the NCUA (Charter # 24212).
Other High Certificate of Deposit Rates