Frontwave Credit Union (CA) Adds Rate Leading 18-Month CD Special


Deal Summary: 18-month Certificate Special, 3.25% APY, $1k minimum deposit.

Availability: Riverside, San Bernardino, and San Diego Counties, California.

Frontwave Credit Union (Frontwave) has added an 18-month Certificate Special earning a very competitive 3.25% APY. The minimum opening deposit is $1k of new money, which is defined as “funds not currently or previously on deposit with Frontwave Credit Union in the last 30 days.” This is a limited-time offer, with the “rate subject to change without notice.” In other words, the rate will be in effect until it isn’t.

4.00%$1k-Frontwave Credit Union18 Month Certificate Special - New Money
Rates as of December 2, 2022.

There is no Early Withdrawal Penalty because withdrawals are not permitted. The disclosure attached to the online application states,

Funds must remain on deposit for the term of the certificate.

At first, I thought that statement meant that to earn the stated APY all funds had to remain on deposit, but the odd wording prompted me to call Frontwave. According to CSR, it means exactly what it states: partial withdrawals or an early closure are not allowed. Earned dividends cannot be withdrawn either. Earned dividends can be withdrawn. When a certificate is opened, the accountholder can opt for the dividends to remain on deposit in the certificate or transferred monthly to a Frontwave Share Savings or checking account.

Thanks to the DA reader who emailed me about withdrawing earned dividends.

Funding can be done by ACH, wire transfer, or check. Frontwave participates in CO-OP Shared Branch network, so transferring funds into a Frontwave Share Savings account is a relatively simple process. Maturing funds will be distributed by cashier’s check to the address on file or transferred into a Share Savings account. There is a 7 calendar day grace period before automatic renewal.

Unlimited beneficiaries (equal shares) can be designated, with Social Security numbers required for all named beneficiaries.


Headquartered in Oceanside, Frontwave Credit Union’s field of membership (FOM) is community-based, with individuals who live, work, or worship in the California counties of Riverside, San Bernardino, or San Diego eligible for membership.

Immediate family members of current Frontwave members also qualify for membership.

Joining Frontwave and/or opening an 18-month Share Certificate can be done online or at any of 14 California branches located in Barstow, Camp Pendleton (3), Escondido, Oceanside (2), San Diego, San Marcos, Temecula (2), Twentynine Palms, Wildomar, and Yucca Valley.

With a completed eligible application and a deposit
of at least $50, you'll become a share-holding member.

As a member of the CO-OP Shared Branch network, Frontwave members has access to more than 5,000 CU Service Center locations and 30,000 fee-free CO-OP ATMs.

Where are you going? Don't answer. It doesn't matter.
No matter where in the U.S. the wind takes you, banking services are close at hand.

Credit Union Overview

Frontwave Credit Union has an overall health grade of "A" at, with a Texas Ratio of 1.61% (excellent), based on March 31, 2022 data. In the past year, Frontwave has increased its total non-brokered deposits by $64.29 million, an excellent annual growth rate of 6.26%. Please refer to our financial overview of Frontwave Credit Union (NCUA Charter # 68494) for more details.

Established in 1952 as Camp Pendleton Federal Credit Union, the original FOM consisted of Marines and their families who lived on-base in Southern California. The Credit Union soon changed its name to the Pacific Marine Credit Union, to better describe its membership. In 2002, the FOM expanded to include the residents of the 2nd, 4th, and 5th most populous counties in California.

In early 2019, the Frontwave rebrand occurred.

“Although being open to the community has helped our growth over the past 16 years, our name was polarizing and created confusion. We were too often mistaken as a credit union that served only Marines,” said Bill Birnie, President and CEO of Pacific Marine Credit Union. “We believe our new name is more approachable and conveys that we are open to the broader community,” said Birnie.

Frontwave Credit Union is currently California’s 54th largest credit union, with nearly 117,000 members and assets in excess of $1.2 billion.

How the 18-Month Certificate Special Compares

When compared to similar length-of-term CDs tracked by which are available within the FOM and have minimum deposit requirements of $10k or less, no bank or credit union has a higher rate than currently offered on the Frontwave Credit Union 18-month Certificate Special. The following table compares the 18-month Certificate Special to the two highest-rate CDs from credit unions and to the other two highest-rate CDs from banks.

The above information and rates are accurate as of 7/30/2022.

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

Related Pages: Los Angeles CD rates, San Diego CD rates, 1-year CD rates

  |     |   Comment #1
CFG Bank upped its 18-month CD to 3.20%APY yesterday (within 5 bps of Frontwave) and it is available nationally...not just regionally. In addition, CFG Bank took overall leadership with its 60-month CD at 3.65%APY and 36-month CD at 3.55%APY
  |     |   Comment #6
it sounds like a liquidity issue at Frontwave and potentially a way to fund their day to day operation. I wouldn't trust this CD offer unless you are willing to potentially bank at a credit union that is not solvent. This is very suspicious and unusual. Check out the other credit union in the industry as this is way out of the norm. 
  |     |   Comment #2
Really weird operations when in San Marcos. Had to take cap off when entering. Had to remove sunglasses when entering. Sit and wait 15 minutes for only teller with no other customers. Present preprinted deposit slip, to put money IN. Had to give my name, address, and phone number to match the preprinted deposit slip, and verbally reaffirm that nothing was changed from the slip. Slow motion processing after then. Like half an hour, and that was to put money in. Taking money out was worse, had to show my driver's license and another form of ID plus preprinted withdrawal slip and all the other rigamarole. I hope they have learned not to hassle client-"owners" since. Changed account to a real bank: transactions were done in 5 minutes and with no hassles.
  |     |   Comment #3
I've always found them to be very pleasant and helpful at my branch which is not San Marcos but is 40 minutes away from my house. I did have to make a couple of trips there to join and arrange movement of large amounts of money in both retirement and after tax funds to them but they were great and very attentive. They are very security conscious and I'm fine with that especially with all the fraud that's going on these days. Having to remove my sunglasses would not be a big deal to me, they want video of everyone who enters and exits the building. It's not uncommon for criminals to case out a bank in the days before it gets robbed so it sounds like a smart security move to me. But to each his own.
  |     |   Comment #4
Have/currently enjoy numerous 4% CD's with FrontWave CU for over 3 years and no problems whatsoever! My transactions are all online as it's a rarity I ever step into a FI anymore..
  |     |   Comment #5
Yep, I'm also still benefiting from these 4% CD's for another year yet.
  |     |   Comment #7
Yes, really gonna catch those criminals scamming for profit by putting money IN as a deposit, and by asking if anything was changed (yes/no) since opening the account, and asking to repeat the name +address+phone number on the preprinted deposit slips which criminals are known to run off all the time with routing numbers and account numbers numerically and alphanumerically and memorized. Making people wait forever is also a wonderful deterrent to those seeking to defraud the institution who have worked out their elaborate deceptions to scam $200 or so.
Frontwave Credit Union (CA) Offers Competitive Rate On 4-Year CD
UPDATE 5/11/19: The 4-year Share Certificate APY has fallen to 3.50%.

Deal Summary: 4-year Share Certificate, 4.00% APY, $1k minimum deposit.

Availability: Residents of Riverside, San Bernardino, and San Diego Counties, California.

Two months ago, Frontwave Credit Union (Frontwave) offered a competitive 3.50% APY on its 3-year Share Certificate. While that rate was lowered to 2.95% APY yesterday, Frontwave has added 100 bps to its 4-year Share Certificate, giving it an impressive 4.00% APY. Like all of Frontwave’s Share Certificates, the 4-year can be opened with a minimum...

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Frontwave Credit Union (CA) Ups 3-Year CD, 3.50% APY
Deal Summary: 3-year Share Certificate, 3.50% APY, $1k minimum deposit.

Availability: Residents of Riverside, San Bernardino, and San Diego Counties, California.

Frontwave Credit Union (Frontwave) started the month by raising the rate on its 3-year Share Certificate to 3.50% APY. The minimum opening deposit is $1K, with no stated balance cap.

The 3-year Share Certificate is also available as an IRA (Traditional and Roth), earning the same APY and with the same funding requirements.

As stated in the Important Account Information document, partial withdrawals are not allowed.

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Pacific Marine CU (CA) Has Competitive 13-month CD
Availability: Residents of San Diego, Riverside, and San Bernardino Counties, California

At the beginning of July, Pacific Marine Credit Union (PMCU) added a 13-month Share Certificate (1.30% APY) to its product line. The minimum opening deposit is $1K, with a $1M maximum opening deposit.

The 13-month Share Certificate is also available as an IRA (Traditional and Roth), earning the same APY and with the same funding requirements.

According to CSR, the Early Withdrawal Penalty is "all dividends earned."

Military Saver Certificates

PMCU also has a series of...

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Competitive CD & IRA CD Rates at Pacific Marine Credit Union in SoCal

Pacific Marine Credit Union is offering several competitive CD and IRA CD rates. The best deal is the 5-year IRA CD which has a 2.25% APY. The regular 5-year CD has a 2.15% APY. Minimum deposit is $1,000. These rates are listed in the credit union's rate sheet as of 3/6/2012.

One downside to this credit union's share certificates is a very harsh early withdrawal penalty. According to the credit union's Truth-in-Savings disclosure, the EWP is equal to all dividends earned for withdrawals after 6 days from opening.

Credit union membership is...

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The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.