2.50% 30-Month CD at SchoolsFirst FCU in California - Local Only

SchoolsFirst FCU has two new certificate promotions. As you might expect, the rates are down from last month. On the plus side, these new ones allow add-on deposits. The most competitive promo is the 2.50% APY 30-month certificate. The other one has a 1.25% APY for a 9-month term. This allows a one time penalty free withdrawal after 30 days. Minimum deposit is $500. These promotional rates are listed at this credit union's promo rates page as of 1/04/2010. There's also a fairly competitive Jumbo 60-month CD with a 3.45% APY.

Membership eligibility 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 9/30/09 data) and 3 stars (performing) at Bankrate.com (based on 6/30/09 data). The credit union is federally insured by the NCUA (Charter # 24212).

Other Competitive Certificate of Deposit Rates

• CD rates at DepositAccounts.com
• My weekly list of hot nationwide and local CD deals