New 4-Month CD Special at First Entertainment CU - Los Angeles Metro Only

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First Entertainment Credit Union is again offering a special 4-month CD. This is the same special as it offered last year at this time, except the rate is only half of what it was. Nevertheless, the rate is still competitive for a 4-month term. It has an APY of 1.00%. Minimum deposit is $1,000. New money is required. This special is listed in this credit union's promo page as of 12/17/2012.

First Entertainment Credit Union also has a savings account called Firt500 Savings in which you can earn 5.00% APY on your first $500 (this used to be 7%). To qualify for this yield, you're required to have a checking account with eStatements and either Online Billpayer or Direct Deposit. The low cap prevents this from being a great deal. You only can make about $20/year more than what you would make in a 1.00% savings account. You won't want to join the credit union for this, but it's an extra bonus if you join for the CD.

This credit union regularly comes out with some attractive CD deals. In 2010 they were offering a 1.75% 11-month special CD and in 2007 they were offering a 6% CD. A reader commented about opening these certificates in 2007 and thought "they were easy to deal with and pleasant."

Membership Eligibility

Membership is open to most individuals who live, work, attend school or worship in the Greater Los Angeles Area. You can also be eligible via select employee groups and via family members. Please refer to the credit union's Becoming a Member Page for more details. Membership requires a one-time fee of $5 and a minimum deposit of $5 into the First500 Savings Account.

Credit Union Overview

First Entertainment Credit Union branches are located in the California cities of Burbank, Hollywood, Culver City, Los Angeles, Santa Monica, Studio City and Valencia. The credit union is also part of the CU Service Centers which allows you to conduct many banking transactions at other credit unions which are part of this shared branching network.

The credit union has an overall health score at DepositAccounts.com of 5 stars (out of 5) with a Texas Ratio of 7.84% (excellent) based on September 2012 data. Please refer to our financial overview of First Entertainment Credit Union for more details. The credit union is federally insured by the NCUA (Charter # 68373).

How This CD Rate Compares

The highest 3-month CD rate from an internet bank is only 0.65% APY at E-LOAN. A better deal is the 11-month No Penalty CD at Ally Bank which pays 0.95% APY. Since this CD can be closed without penalty, it can be made into any CD term from 7 days to 11 months.

If you don't mind a little longer term, the best short-term CD deal that's nationally available is an 8-month CD special with a 1.50% APY at Digital Federal Credit Union.

These rates are accurate as of 12/17/2012.

Searching for the Best CD Rates

To search for the best nationwide CD rates and the best CD rates in your state, please refer to the CD rates section of DepositAccounts.com.

Comments


4-Month CD Special at First Entertainment Credit Union in SoCal - Local Only

Short-term CD deals can often be more trouble than they're worth. But if the rate is high enough and there aren't hoops to jump through, it might be worthwhile. That may be the case with this CD special at First Entertainment Credit Union. It's offering a 4-month CD special (term savings certificate) with a 2.00% APY. Minimum deposit is $1,000, and the maximum deposit is $25,000 per member. The only requirement listed is that the funds be new money. This special is listed in this credit union's promo page as...

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1.75% 11-Month CD at First Entertainment Credit Union in CA - Local Only

First Entertainment Credit Union is offering a fairly competitive CD special: 1.75% APY 11-month CD. Minimum deposit is $1,000, and new money is required. This special is listed in the credit union's rates page as of 3/12/2010.

First Entertainment Credit Union also has a savings account called Firt500 Savings in which you can earn 7% APY on your first $500. To qualify for this yield, you're required to have a checking account with eStatements and either Online Billpayer or Direct Deposit. The low cap prevents this from being a great deal....

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2.09% 18-Month CD & 3.00% 36-Month CD at First Entertainment Credit Union in CA - Local Only
Update 12/05/09: The CD specials have ended. Please check the credit union's website for the latest rates.

First Entertainment Credit Union is offering another CD promotion with two competitive rates: 2.09% APY for 18 months and 3.00% APY for 3 years. The 3% also applies to 4- and 5-year CDs which are not quite as competitive. These rates are listed in the credit union's rates page as of 11/20/2009.

First Entertainment Credit Union also has a savings account called Firt500 Savings in which you can earn 7% APY on your first $500....



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2.29% 18-Month CD & 2.09% 12-Month CD at First Entertainment Credit Union in California - Local Only
First Entertainment Credit Union is offering two special CDs with competitive rates: 2.09% APY for 12 months and 2.29% APY for 18 months. Minimum deposit is $1,000. This special is listed on the credit union's front page as of 9/13/09.

First Entertainment Credit Union also has a savings account called Firt500 Savings in which you can earn 7% APY on your first $500. To qualify for this yield, you're required to have a checking account with eStatements and either Online Billpayer or Direct Deposit. The low cap does hurt this deal....

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3.25% 12-Month CD at First Entertainment Credit Union in Los Angeles
First Entertainment Credit Union is offering a special certificate with a yield of 3.25% APY for a 12-month term. Minimum deposit is $1,000. This special doesn't seem to be listed on the credit union's website. A reader emailed me news of this, and I received more info from the credit union rep via their online chat system. According to the CSR, these promos typically last for 3 weeks. It began on Monday (2/2/09). However, the promo is subject to end at any time.

This credit union regularly comes out with some...

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