Top Money Market & CD Rates at F&A Federal Credit Union in California - Limited Membership

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• Membership Eligibility
• Searching for the Best CD and Money Market Rates

F&A Federal Credit Union is offering several very competitive money market, CD and IRA CD rates. I just came across this credit union as I was reviewing a list of California's largest credit unions. Even though it's a large credit union, I'm afraid they don't make it easy to join. F&A's money market account has a yield that ranges from 1.50% APY on balances of at least $2.5K to 1.60% APY for balances over $100K. These yields are listed in the credit union's rates page as of 9/02/2010.

The CD and IRA CD rates are also competitive for all terms. They also provide an extra 5 basis points for Jumbo CDs with minimum deposits of $50K. Below is a list of the rates for the regular CDs which require only a $1K minimum deposit. This is based on the yields listed in the credit union's rates page as of 9/02/2010. At the top of the page, there's a date range of 9/01/2010 to 9/07/2010.

• 1.55% APY 6 to 11 months
• 1.65% APY 12 to 17 months
• 1.80% APY 18 to 23 months
• 2.05% APY 24 to 35 months
• 2.45% APY 36 to 47 months
• 2.95% APY 48 to 59 months
• 3.10% APY 5 years

Membership Eligibility

As I mentioned above, F&A FCU doesn't make it easy to join. Membership is primarily based on Select Employer Groups. Some of these include the County of Los Angeles Fire Department, the Office of the Farm Advisory and the Los Angeles County Lifeguards. The SEG also includes employees of several California cities. Please refer to the credit union's membership page for the full details.

The credit union's main branch is located at Monterey Park, California. The credit union is part of the shared-branch cooperative, CU Service Centers. This allows you to make many transactions at shared branches across the nation as if it were your home branch.

As I mentioned above, F&A FCU is a sizable credit union with $1.11 billion in assets. It's in good financial shape with an overall health score of 5 out of 5 and a Texas Ratio of 1.86% at DepositAccounts.com based on June 2010 data (see our financial overview of F&A Federal Credit Union). The credit union is federally insured by the NCUA (Charter # 1493).

Searching for the Best CD and Money Market Rates

To search for the best nationwide rates and the best rates in your state, please refer to the following sections of DepositAccounts.com:

• CD rates
• IRA CD rates
• Money Market rates
• Savings Account Rates