Excite Credit Union Offers High CD Rates, Short- and Long-Term

Go Savings Account

Excite CU is currently offering a promotional rate on Go Savings accounts opened by new members: balances up to $2.5k will earn 5.00% APY, guaranteed for one year. Balances over $2.5k earn the standard dividend rate, which is currently 0.10% APY.

Depositing the maximum amount ($2.5k) for one year would return dividends of $125. By itself, the promotional 5% APY probably isn’t enough to justify joining Excite CU, but if you’re going to become a member to open a CD(s), this is an easy way to earn an extra $125.

Availability

Headquartered in San Jose, California, Excite Credit Union’s field of membership (FOM) is primarily residency based, with individuals who live, work, worship, or attend school in the California counties of Alameda, Monterey*, San Francisco*, San Mateo, Santa Clara, or Santa Cruz*, or the North Carolina counties of Brunswick, New Hanover, or Pender, eligible to join.

*Added to the FOM in October 2019.

Employees of more than 400 SEGs (listed on first page of the online application) qualify for membership.

Family members and household members of current Excite CU members are also eligible. Family members, in this instance, are defined as, “spouse, child, sibling, parent, parent-in-law, grandparent, grandchild, stepchild, stepparent, stepsibling, adopted child, foster child, brother or sister in-law, aunt, uncle, aunt-in-law, uncle-in-law, niece, nephew or cousin.”

Joining Excite CU and/or opening a CD can be done online, or at any of four California branches located in San Jose (3) and Sunnyvale, or two North Carolina branches, both located in Wilmington.

To establish a new membership with Excite CU,

Fill out a Membership Application and deposit $30 ($5 lifetime membership fee
plus $25 opening balance) into a Regular Share Account. Then enjoy the benefits!

Excite CU participates in both the CO-OP Share Branch and ATM networks.

Credit Union Overview

Excite Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 5.70% (excellent) based on September 30, 2019 data. In the past year, Excite CU has increased its total non-brokered deposits by $12.74 million, an above average annual growth rate of 2.99%. Please refer to our financial overview of Excite Credit Union (NCUA Charter # 68441) for more details.

Founded in 1952 by a group of General Electric employees, Excite Credit Union is currently California’s 82^nd largest credit union, with more than 40,200 members and assets in excess of $492 million. Previously known as Alliance Credit Union, the Excite re-brand occurred in October 2019.

The name change is not the result of a merger or acquisition of any kind. The name change is part of a comprehensive plan to grow and continue building a healthy and sustainable organization serving you and future generations.

The Alliance name has served us well, but as we look at who we are today and how our membership has transformed over the years, we want a name that really reflects us without any confusion on who we are. Before even considering a name change, we surveyed members and employees to get input about the name change. The name Excite better expresses our goals, and our commitment to the communities we serve.

How the CDs Compare

When compared to the similar length-of-term CDs tracked by DepositAccounts.com, which require a similar minimum deposit and are available with the FOM in both California and North Carolina, Excite Credit Union's 12-month CD APY currently ranks first.

The above rates are accurate as of 3/5/2020.

To look for the best CD rates, both nationwide and state specific, please refer to DA’s CD Rates Table page.