Dedicated to Deposits: Deals, Data, and Discussion
DETAILSINSTITUTIONAPYMINMAXPRODUCT
Redwood Credit Union0.10%$1k-22 - 25 Month CD
Accounts mentioned in this post. Rates as of July 30, 2014

Competitive 22-Month CD Rate at Redwood Credit Union in CA - Local Only

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Redwood Credit Union

Redwood Credit Union has some competitive rates on its CDs with terms of 22 to 25 months. The rates range from 2.10% APY for a $1K minimum deposit to 2.30% APY for a $100K minimum. These same rates are also available in an IRA. These rates are listed at the credit union's rates page as of the morning of 5/14/2010.

Membership is open to anyone living or working in the following Northern Bay Area counties of California: Sonoma, Marin, Mendocino, Lake, Napa, San Francisco, Contra Costa and Solano. Please refer to the credit union's about page for the full details.

Redwood Credit Union's financial health has improved over the last year. According to this PressDemocrate.com article:

Redwood Credit Union earned $1 million in first quarter, a significant improvement compared to a year ago, when it lost millions of dollars during the global financial collapse.

Its ratings for safety and soundness are a little weak: 3 stars (adequate) at BauerFinancial, 2 stars (below peer group) at Bankrate.com and an overall health score of 4 out of 5 at DepositAccounts.com (see our Redwood CU rates and reviews page). The credit union is federally insured by the NCUA (Charter # 60793).

Searching for the Best CD Rates

To search for the best nationwide CD rates and the best CD rates in your state, please refer to the CD rates section of DepositAccounts.com. The tables now have a new & improved format!


  Tags: Redwood Credit Union, California, CD rates, IRA rates

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Comments
2 Comments.
Comment #1 by Anonymous posted on
Anonymous
I would avoid them,  Have been member for years.  This january had low activity savings account they added a sevice charge.  I said will pull acoount and they reversed it,

 

 

2
Comment #2 by Ron (anonymous) posted on
Ron
Called them today (Lisa) to inquire about 22 mo CD...2.30% APY rate requires an ACTIVE checking account otherwise rate drops to 1.95% APY.  Checking account will be reviewed perodically for activity (checks, debit card usage and/or direct deposit) and if not, then CD will be adjusted downward 0.35%.  

2