Cabrillo Credit Union (CA) Long-Term CDs Still Competitive


Deal Summary: Share Certificates – 60-month 1.51% ($50k), 1.46% APY ($10k), 1.41% APY ($2k); 48-month 1.26% ($50k), 1.21% APY ($10k), 1.16% APY ($2k)

Availability: Residents of San Diego County, CA; several SEGs, including federal government agencies.

When I wrote about Cabrillo Credit Union’s (Cabrillo CU) 60-month Share Certificate in May, it offered the best 5-year CD rate available anywhere in California. While Cabrillo CU dropped its rates soon after the blog post, both the 48- and 60-month Share Certificates still have competitive rates. In addition to the rate changes, Cabrillo CU also restructured its Share Certificates, now offering three APYs (in increments of 5 bps) based on deposit levels of $2k, $10k, and $50k.

1.11*%$50k-Cabrillo Credit Union60 Month Share Certificate
OTHER TIERS: 0.95% $2k - $10k | 1.00% $10k - $50k
1.11*%$50k-Cabrillo Credit Union60 Month IRA Certificate (Traditional, Roth)
OTHER TIERS: 0.95% $2k - $10k | 1.00% $10k - $50k
0.95*%$50k-Cabrillo Credit Union48 Month Share Certificate
OTHER TIERS: 0.85% $2k - $10k | 0.90% $10k - $50k
0.95*%$50k-Cabrillo Credit Union48 Month IRA Certificate (Traditional, Roth)
OTHER TIERS: 0.85% $2k - $10k | 0.90% $10k - $50k
Rates as of February 28, 2024.

The Share Certificates are also offered as IRA Certificates (Traditional, Roth), earning the same tiered APYs based the same deposit levels.

As stated in the Account Disclosure document, the Early Withdrawal Penalty reads as follows:

If the qualifying period is greater than one year, the member shall forfeit an amount equal to:

    a. all dividends for 180 days on the amount withdrawn; or
    b. all dividends on the amount withdrawn since the date of issuance or renewal, whichever is less.

If a withdrawal reduces the balance below the required minimum, the account shall be closed and a loss of dividends as in a. or b. above whichever is less, will be assessed on the entire amount in the account.

There is a 10-day grace period before a Share Certificate automatically renews. The Account Disclosure states that,

Dividends paid on a certificate account may be withdrawn without penalty only during the initial term of the certificate. Once the certificate is renewed, any previously paid dividends become a portion of the principal balance.


Headquartered in San Diego, California, Cabrillo Credit Union's field of membership (FOM) is varied, including residency, employment, and family/association relationships.

Residency – Individuals who live or work in San Diego County are eligible to join.

Membership – Members of Fraternal Order of Retired Border Patrol Officers (FORBPO), regardless where they live, also qualify for membership.

Employment – Employees of Sharp Healthcare or the City of Carlsbad are also eligible for membership, as are federal government employees in the San Diego area.

Family Relationship – Relatives of anyone who is membership-eligible is welcome to apply.

Joining Cabrillo CU and/or opening a Share Certificate can be done online or at any of four full-service California branches, located in Chula Vista, La Mesa, and San Diego (2). Branch hours have been temporarily adjusted: Monday-Thursday, 9 am to 4 pm and Friday, 9 am to 5 pm.

All Cabrillo Credit Union branches remain open and ready to serve you. Effective May 1, San Diego County has mandated that anyone who enters a business must wear a face covering. For the safety of our members and staff, members will not be allowed to enter the branch without a face covering.

Opening a Regular Savings account with a minimum $5 deposit is required to establish a Cabrillo CU membership.

Cabrillo CU participates in both the CO-OP Shared Branch and ATM networks.

Cabrillo is a member of the Shared Branch Network (5,000 nationwide), which means you can walk into other Shared Branch affiliated credit unions nationwide, to make deposits and withdrawals at their teller windows.

We also belong to a network of more than 30,000 surcharge-free ATMs, so there's likely one near you.

Credit Union Overview

Cabrillo Credit Union has an overall health grade of "A" at, with a Texas Ratio of 0.97% (excellent) based on June 30, 2020 data. In the past year, Cabrillo CU has increased its total non-brokered deposits by $25.55 million, resulting in an excellent annual growth rate of 8.98%. Please refer to our financial overview of Cabrillo Credit Union (NCUA Charter # 68409) for more details.

Founded in 1955 as the Border Federal Credit Union (BFCU), the original FOM was exclusive to Border Patrol employees. Over the next ten years, the FOM expanded to include many federal government agencies, including Justice, Treasury, FAA, FCC, and Small Business Administration. BFCU rebranded as Cabrillo Credit Union in 1976, deriving its new name from Juan Rodríguez Cabrillo, the first European to explore the coast of California in 1542–1543. Currently the 97th largest credit union in California, Cabrillo Credit Union has more than 25,000 members and assets in excess of $370 million.

How the Share Certificates Compare

When compared to the similar length-of-term CDs tracked by that are available within the FOM and require a minimum deposit of $50k or less, Cabrillo Credit Union's 60-month Share Certificate APY currently shares the top spot with Barksdale Federal Credit Union’s 60-month Certificate.

When compared to the similar length-of-term CDs tracked by that are available within the FOM and require a minimum deposit of $50k or less, Cabrillo Credit Union's 48-month Share Certificate APY currently ranks second.

The above rates are accurate as of 10/19/2020.

To search for the best CD rates, both nationwide and state specific, please refer to our CD Rates Table page.

Related Pages: San Diego CD rates, 5-year CD rates

Cabrillo Credit Union Has Highest 5-Year CD Rate In California
Update 9/22/20: Rate has fallen. The 5-year Share Certificate rate has fallen since this post was published in May 2020.

Deal Summary: 5-year Share Certificate, 2.41% APY, $10k minimum deposit.

Availability: Residents of San Diego County, CA; several SEGs, including federal government agencies.

Cabrillo Credit Union (Cabrillo CU) is currently offering the best 5-year CD rate available anywhere in California. The 5-year Share Certificate earns 2.41% APY on deposits of $10k or greater; deposits between $2,000 and $9,999 earn only 0.30% APY.

The 5-year Share Certificate is also offered...

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