10% 12-Month CD at a California CU - $1K Max (Diablo Valley)


Diablo Valley FCU is having a grand opening special in which they're offering a 10% APY 12-month share certificate. The maximum deposit is $1,000 per member. The offer ends 7/31/07. Also being offered is up to a $50 cash bonus for new members who open a checking account with direct deposit and make 3 bill pay transactions.

The $1K cap on the certificate hurts the deal. With the $1K deposit for one year, you'll earn about $50 over what you would earn in a 5% account. On the positive side, it doesn't require a checking account and each member of your family could open up one since it's only limited to one per member. The credit union also has a 6% APY 7-month Youth Certificate Account for those 17 and under with a maximum deposit of $10K. Also, there's a special 5 month share and IRA certificate with a yield of 5.35% APY.

Field of membership includes persons who live, worship, work, or attend school in one of the following California cities: Alamo, Blackhawk, Clayton, Concord, Danville, Lafayette, Martinez, Moraga, Mountain View, Orinda, Pacheco, Pleasant Hill, San Ramon and Walnut Creek in Contra Costa County.

The credit union is federally insured by the NCUA (Charter # 14409). It has $34.9 million in assets and 2,845 members.
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