Premier Community Credit Union continues to offer a 3.00% APY 5-year CD and IRA CD. The 3-year CD rate is also competitive at 2.00% APY. Minimum deposit is $500 for IRAs and $1,000 for regular CDs. These rates are listed in the credit union's rates sheet as of 12/28/2010..
As a comparison to internet banks on 12/28/2010, the best 5-year CD rate is 2.75% APY at Salem Five and the best 3-year CD is 1.91% APY at Bank of Internet USA.
According to the credit union's account disclosure, the early withdrawal penalty for terms of 24 months and longer is up to 6 months of interest on the amount withdrawn.
The credit union also has versions of its long-term CD with various flexible features. One version allows add-on deposits, but there's a $10,000 cap. Please refer to my July review of these CDs for more details.
The credit union is currently having a nice refer-a-friend bonus If you refer someone who becomes a member, both that person and you will receive a $25 bonus. The new member has to open a checking account and maintain membership for at least 6 months.
Membership is open to those who live or work in San Joaquin County, California. There are also a few other ways that people can qualify for membership through associations and colleges. Please refer to the credit union's About Us page for more details.
Credit Union Overview
Branches are located in Stockton, Lodi and Manteca, CA.
The credit union has an overall health score at DepositAccounts.com of 4 out of 5 with a Texas Ratio of 8.85% (excellent) based on September 2010 data. Please refer to the financial overview of Premier Community Credit Union for more details. The credit union is federally insured by the NCUA (Charter # 64515).
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.