4.50% 7-Month Jumbo CD at California Credit Union - Easy Membership

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California Credit Union has increased the yields on its Jumbo promotional certificates. These now have yields of 4.50% APY for the 7-month term and 4.80% APY for the 37-month term. The minimum deposit is $100,000. The yields for a $1,000 minimum deposit are 50 basis points less which are the same as what I reported in early September. These are available for both regular and IRA share certificates.

Credit union membership is open to members of the Parent Teacher Association or the Parent Teacher Student Association. According to the credit union's Membership Page, if you're "Not a PTA/PTSA member? We'll sign you up!" Also, public television contributors are eligible. Please see the Membership Page for the full list of ways to be eligible to join the credit union. At the bottom of the membership page is a link to an online membership application.

The main office is located in Glendale, California. It has several other branches in Los Angeles, North Hills, Encino, Pasadena and Torrance.

California Credit Union has some decent financial ratings for soundness: 5 stars (superior) at BauerFinancial and 3 stars (performing) at Bankrate.com. Both are based on 6/30/08 data.

The credit union is federally insured by the NCUA (Charter # 60784). It has $1.31 billion in assets and 70,210 members.
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4.00% 7-Month CD at California Credit Union (up to 4.20%) - Easy Membership
California Credit Union has some competitive rates on its promotional certificates. The 7-month special certificate has a yield of 4.00% APY for a minimum deposit of $1,000. The yield is 4.20% APY for a $100,000 minimum deposit. There's also a 37-month certificate with a decent yield of 4.30% APY (4.50% APY for the Jumbo). These are available for both regular and IRA share certificates.

The credit union has offered several CD promotions in the last couple of years. My last report on this credit union was in February.

Credit union membership is...



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4.70% 18-Month CD at California Credit Union - Easy Membership.
Update 2/8/08: The rates have fallen. For the 18-month term, the new yields are 4.50% APY for $100K and 4.35% APY for $1K. Please check the credit union's website for the latest rates.

California Credit Union has some competitive certificate rates. The highest yield is 4.70% APY for an 18-month term and minimum deposit of $100,000. The yield for a $1,000 minimum is 4.55% APY. The yields for the shorter term certificates are also competitive. These are also available in an IRA certificate.

I noticed on their savings accounts & certificate page,...



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5.50% 11-Month CD at California Credit Union and $75 Checking Bonus
California Credit Union is still offering a 5.50% APY 11-month Expert Earner Savings Certificate. The minimum deposit is $10,000, and it requires new money.

They still have a $75 bonus for opening its free checking account. It requires direct deposit. There are no monthly fees or balance requirements. The first order of checks are free.

The credit union had several CD promotions last year including 8% 8-month $5K max CD. My last report on these latest specials was in February.

Field of membership primarily includes employees of California schools. However, the FOM also...





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5.50% 11-Month CD at a California Credit Union and $75 Checking Bonus (California)
California Credit Union is offering a 5.50% APY 11-month Expert Earner Savings Certificate. The minimum deposit is $10,000, and it requires new money.

They still have a $75 bonus for opening a new free checking account. It requires direct deposit. There are no monthly fees or balance requirements. The first order of checks are free.

The credit union had several CD promotions last year including 8% 8-month $5K max CD. My last report on this was in August.

Field of membership primarily includes employees of California schools. However, the FOM also allows you...





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5.65% 9-Month CD at a California Credit Union
California Credit Union is advertising a new promotional certificate. It's a 5.65% APY 9-month share certificate. It's also available in an IRA. There's a $1K minimum, and money must be new to the credit union.

In addition, the credit union is still offering the same CD promotions that I had reported on in July. These include a 8% APY 8-month CD with a $5K max and a 5.92% APY 17-month CD. There's also a $75 bonus for opening a checking account with direct deposit (can't be combined with 8% CD).

The credit...



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