1st United Services CU (CA) Has Competitive 36-Month CD

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Availability: Residents of Alameda and Contra Costa Counties, California; employees of SEGs, including several State and Local Government agencies.

1st United Services Credit Union (1st USCU) is offering a 36-month Fixed Share Certificate (2.00% APY). The minimum deposit is $1K, with no balance cap.

The 36-month Fixed Share Certificate is also offered as an IRA (Traditional and Roth) that earns a slighter higher APY of 2.10%, with the same opening deposit of $1K.

APYMINMAXINSTITUTIONPRODUCTDETAILS
1.50%$1k-1St United Services Credit Union36 Month IRA Fixed Certificate (Traditional, Roth)
1.40%$1k-1St United Services Credit Union36 Month Fixed Share Certificate
Accounts mentioned in this post. Rates as of August 26, 2016.

The fine print on the CU’s Deposit Rates page lists two advantageous conditions:

If we advertise a higher rate on certificates of this type you can make a one-time request during your certificates term to move up to the new rate.
You may add funds to the balance of this certificate at any time.

As stated in 1st United Services CU’s Member Account Agreement and Disclosure document, the Early Withdrawal Penalty reads as follows:

If the term is 13 months or longer, the dividend penalty will be the lesser
of the dividends earned or 180 days dividends on the amount withdrawn.

Availability

Headquartered in Pleasanton, California, 1st United Services Credit Union offers membership through a variety of ways.

Residency: Individuals who live, work, or attends school in Alameda and Contra Costa Counties are eligible to join.

Employment: Employees of 1st USCU SEGs (includes State and Local Government organizations) also qualify for membership.

Relationship: Immediate family members of current members related by blood or marriage are eligible for membership.

Joining 1st United Services Credit Union and/or opening a CD can be done online, or by visiting any of ten California branches located in Alameda, Berkeley, Castro Valley, Fremont, Hayward, Oakland (2), Pleasanton, San Leandro, and Union City.

Credit Union Overview

1st United Services Credit Union (NCUA Certificate # 63958) has an overall health grade of "A" at DepositAccounts.com, with a Texas ratio of 3.16% (excellent) based on September 30, 2015 data. In the past year, 1st United Services Credit Union has increased its total deposits by $4.52 Million, an above average annual growth rate of 0.60%. Please refer to our financial overview of 1st United Services Credit Union for more details.

Founded in 1932 as City & County Employees' Credit Union, 1st United Services Credit Union was one of the first credit unions in the State of California formed for the benefit of state and local government employees. The original field of membership (FOM) included Alameda County employees but was expanded to include employees of city and county hospitals and schools. Following a merger in 1996 with ALFA Federal Credit Union, the Credit Union's name was changed to better reflect the FOM. 1st United Services Credit Union became a community chartered credit union in 2001 and today has nearly 50,000 members and assets in excess of $846 Million.

How the CD Compares

When compared to the 296 similar length-of-term CDs tracked by DepositAccounts.com, that require a similar minimum deposit and are offered to California residents, 1st United Services Credit Union's 36-month Fixed Share Certificate currently ranks first.

These rates are accurate as of 1/26/2016.

To look for the best nationwide CD rates and the best CD rates in your state, please refer to our CD rates table or our new Rates Map page.

Comments
Add-On CDs with Rates up to 2.85% at 1st United Services Credit Union in CA
1st United Services Credit Union is offering some competitive rates on its Add-On Certificates. There's a 2.60% APY for an Add-On CD with terms of 12 to 24 months. Minimum deposit is $1,000. There's also an Jumbo Add-On CD with a 2.60% APY for 6 months and a 2.85% APY for 12 months. Minimum deposit is $100,000. In addition to the add-on feature, the Jumbo CD includes a rate bump-up feature and a penalty-free one-time withdrawal feature. These same CDs are also available as IRA certificates. These rates are listed...
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4.00% 48-Month CD and Other CD Deals at 1st United Services Credit Union in California
1st United Services Credit Union is offering a 4.00% APY bump certificate with terms of 48 and 60 months. Minimum deposit is $2,000. It's available as both a regular and IRA certificate.

The bump feature allows you to make one request to bump up the rate during the term to the new advertised rate. It probably won't be useful for the next year or two. Nevertheless, a 4% APY is competitive now for a 48-month term regardless.

A more useful feature is the add-on option. The credit union is listing an add-on...



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7.00% 7-Month CD at a California CU - $2.5K Max (1st United Services).
1st United Services Credit Union is offering a 7.00% APY 7-month share certificate at its new Castro Valley branch from June 16th through July 21st. The minimum deposit is $1,000, and the maximum is $2,500 per member. A checking account is required. Note, this is only available at the Castro Valley branch. This special doesn't seem to be listed at the credit union's website. It's being advertised in a California newspaper. The ad is available online here.

The $2,500 deposit cap hurts the deal. You'll earn about $29 over what you...

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5.75% 12-Month / 5.50% 6-Month CD at a California/Nevada CU (1st United Services)
1st United Services continues to offer a high yield on its 12-month jumbo share certificate. It has an APY of 5.75%. The minimum deposit is $100K. It has an add-on feature which allows you to add funds at any time during the term. It also has a bump feature and a one-time penalty-free withdrawal feature. However, the penalty-free withdrawal is only on the interest.

This rate is down from my last report in October, but it remains very competitive in the current interest rate environment. The credit union also has competitive...

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6.00% 12-Month / 5.85% 6-Month CD at a California/Nevada CU (1st United Services)
1st United Services has several certificate specials. The first is a 6.00% APY 12-month jumbo share certificate with a minimum deposit of $100K. It has an add-on feature which allows you to add funds at any time during the term. It also has a bump feature and a one-time penalty-free withdrawal feature. However, the penalty-free withdrawal is only on the interest.

The second one is a grand opening special with a 5.85% APY 6-month share certificate. It has a $2K minimum and a $10K maximum. A special rate HELOC is...

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