6.48% 24-Month CD at a California CU - IRA Variable (CAHP)


CAHP Credit Union is offering a 6.48% APY variable-rate IRA CD with a term of 728 days. The minimum deposit is $2K. The variable rate is updated quarterly and is equal to the 3-month Treasury Bill rate plus a 1.50% margin. Additional deposits are allowed at any time but will not change the maturity date.

The field of membership is primarily limited to those associated with public safety in California.

The credit union is not NCUA insured. It is privately insured by ASI.

This is similar to the variable-rate IRA CD from Western FCU that I posted on last week. At least this has a more understandable index that it's based upon. The big downside with this, however, is the narrow FOM and the lack of federal insurance.

Thanks goes to Victor who mentioned this credit union in the finding deals post.