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 $1k deposit and has no stated balance cap.

0.80%$1k-Frontwave Credit Union4 Year Share Certificate
0.80%$1k-Frontwave Credit Union4 Year IRA Share Certificate (Traditional, Roth)
Rates as of July 1, 2022.

The 4-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.

You may NOT make withdrawals of principal from your certificate account before maturity. Withdrawal of principal will require closure of the certificate.

The next paragraph explains the Early Withdrawal Penalty:

A penalty may be imposed for certificate accounts that are withdrawn before maturity. The penalty that may be imposed can be the greater of:

  • seven (7) days dividends, on the amount withdrawn subject to penalty, if the withdrawal is made within the first six (6) days after the account is opened or renewed, or
  • a dividend penalty based on the date of early withdrawal, the term of the certificate and the type of certificate. Specific penalty information is available on your Certificate Receipt.

Don’t overlook this important piece of information:

There is no grace period following the maturity of this account during which time
you may withdraw the funds without being charged an early withdrawal penalty.

It’s your responsibility to send written instructions before the maturity date to not renew the Share Certificate and that you will withdraw the funds at maturity.

Many thanks to DA reader, Capper, for the Forum post about the great rate at Frontwave.


Headquartered in Oceanside, Frontwave Credit Union’s field of membership (FOM) is residency 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 the 4-year Share Certificate can be done online or at any of 14 California branches located in Barstow, Camp Pendleton (2), Escondido, Oceanside (2), San Diego (2), 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 2.35% (excellent), based on December 31, 2018 data. In the past year, Frontwave has increased its total non-brokered deposits by $17.74 million, an above average annual growth rate of 2.61%. 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.

The Frontwave rebrand occurred less than four months ago.

“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 58th largest credit union, with more than 88,000 members and assets in excess of $818 million.

How the Share Certificate Compares

When compared to 201 similar length-of-term CDs tracked by, requiring a similar minimum deposit and available within the FOM, Frontwave Credit Union’s 4-year Share Certificate currently leads the way.

The above rates are accurate as of 5/2/2019.

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, 5-year CD rates


  |     |   Comment #4
They are getting flooded with calls, this deal will probably end before we get a chance to become a member just like all the other 4% CDs and we will get another hard credit check for nothing
Cash Flow
  |     |   Comment #5
Sadly another set of restrictive rules to join. Too bad.
  |     |   Comment #6
It is actually just a soft pull for the credit check. I joined a few weeks ago to get the 36 month 3.5% certificate. When Sharonview had the 4% deal last year I had done the online application. I didn't hear from them until after the special had ended but they still honored it and I was able to get it. If it is just a soft pull you might still go for it. There isn't anything to lose, right? Also my experience with their level of service has been very good so far.
Cash Flow
  |     |   Comment #7
Capper: how did u qualify, residency ?
  |     |   Comment #8
Yes, residency and they do ask for proof of address
Cash Flow
  |     |   Comment #9
Good for you.....great deal. I wish I could have opportunity. Congrats !
deplorable 1
  |     |   Comment #10
Nice deal if you qualify for residency. I'll do a 4 year 4%.
  |     |   Comment #11
Woohoo. A 4% CD I can open without too many people flooding it and causing it to die early.
  |     |   Comment #13
If you do an online application, they REQUIRE that you call them also. They NEED to speak with you at least once to discuss the application. Very strange requirement.
  |     |   Comment #16
The EWP is too vague and not posted until the CD is opened which is a red flag for me. Why is this CU not more transparent?
Also there is no grace period when a cd matures which is odd, also some other peculiar hoops members need to jump thru.
This CU gives me pause especially if one is locking up funds with them 3 to 5 years...its a pass for me
  |     |   Comment #17
Yes, lots of restrictions......that's why it is paying 4% as opposed to common 3% CDs. As most of you know, 4% CDs are a dinosaur now with interest rates expected to DROP, not RISE. All that it takes now for an actual rate CUT, is for Powelll to be scared in his pants when the stock market crashes.
  |     |   Comment #22
Great local credit union to do business with, I opened my 4% CD yesterday, I qualify through residency and Darla in the Barstow office is a pleasure to work with. The EWP is 180 days
  |     |   Comment #26
I was told by two different CSRs that the EWP is 365 days.
  |     |   Comment #27
Agree, CSR's have been great! However, the 'Amended Certificate Receipt/Renewal Disclosure Language' document provided indicates 365 day EWP for terms of 3 years or more . Reasonable IMHO, given exceptional rates. But curious about disconnect with your post ! If others can confirm what their final received disclosures (including addendum(s)?) state it might be helpful.
  |     |   Comment #28
comment 27 the credit union changed the rules after the game started and sent you an "amended CD receipt" with a new EWP term that you had to abide by now? I would not be happy about that.Did you complain or just rollover for the CU?
  |     |   Comment #37
RE EWP, it was all verbal and I was actually surprised at 180 days and told her so. Waiting for my IRA funds to transfer in to complete the CD opening process. I have e-mailed her to verify which number is correct.
  |     |   Comment #41
She did make a mistake, Correct EWP is 365 days
CD Term Penalty
6 months 90 days
1 year 180 days
2 year 180 days
3 year 365 days
4 year 365 days
5 year 365 days
  |     |   Comment #23
Nasty place. Gave depositors a very bad time, not just me. Left for Bank of America, it was so bad.
  |     |   Comment #24
It would be more helpful if you could be more specific about the problems you had.
San Diego Guy
  |     |   Comment #25
I also had bad experiences at Frontwave CU.There is no grace period for CD’s. I transferred my CD assets to my saving acct one day after maturity, but was still charged 7 days interest penalty.They would not credit me back the interest I lost. A very inflexible CU which makes up new rules to suit them for the benefit of generating more fees. Buyer beware !
  |     |   Comment #31
I was approved for membership recently and it took 2/3 days. I don't live or work in the area and was still approved and will now open up multiple 4% CD's and lock in that rate for the next 4 years. Cmon people be creative if you want to lock in the higher rates, think outside the box!
  |     |   Comment #32
Can you qualify if you have a family member that lives in San Diego, yet they are not a member?
  |     |   Comment #35
Can you share with us what you did? Lying on a banking application is probably not a good option for most of us.
  |     |   Comment #38
RonPaul lying about anything is never a good idea. However, if one is approved for CU eligibility it is the CU’s responsibility to determine if one is within the field of membership. If all eligibility documentation is in good order and confirmed by the CU then an applicant is granted membership. LuckyStar did not imply one should lie but merely think outside the box.
  |     |   Comment #39
I just spoke with them, and here are your options for membership:
Besides the info. listed above,
- Retired Military, Active military/armed forces (dependents, family memb., also)
- Fill Rx at Naval Hospital
- Buying Groceries at the commissary at the Base
- Work at one of the Military Bases
- Family member of a current member
  |     |   Comment #43
369frd, so if you qualify per the info you cited (even though it's not on their website) you're able to join the credit union? What does family member mean with respect to active military? Would nephew qualify?

Does buying groceries once qualify? Also, who is allowed to buy groceries at a military commissary?
  |     |   Comment #47
Lou, thanks to the Patriot Act it's harder to open a bank or cu account than it is to get on a military base!!
  |     |   Comment #49
I just inquired about joining with a Retired Military. The answer was no!! I was told that under the new membership rules, Retired Military does not qualify.
  |     |   Comment #50
369frd, regarding Retired Military. as an option to join. Who did you talk to at Frontwave CU? A Rep told me that option does not work! If I had a name I would call again.;)
  |     |   Comment #57
I called today and spoke with 'Kristy'
I called the 1-800 number.
She was very nice! I told the young lady I did not live over there and would love to see if there was any other way I could join, and she informed me of those other ways. Sorry if those do not work for everybody. Great Rate! I did not qualify, unfortunately.
  |     |   Comment #42
Deplorable, were you able to become a member?
deplorable 1
  |     |   Comment #58
That was not me. I have never lied to obtain membership to a credit union nor would I recommend doing that. Looking at the symbol it appears that comment was posted by Jarhead
simple symbol
  |     |   Comment #64
according to your post #25
you already have been a member of the CU
so how does your #31 comment suggest you
have been thinking outside the box?
Share your secret ??
  |     |   Comment #65
Remember many that post comments on this site as guests may be sharing a linked computer system so you may see different user names with the same symbol. Sharing the same symbol does not guarantee the same person is posting all the comments under that symbol.
Ken's follower
  |     |   Comment #36
So to avoid penalties at the time of maturity what is the best way? One can give prior instructions to transfer the money to savings account at the time of maturity?
  |     |   Comment #56
You would think there would be a legal requirement concerning some sort of a grace period --3 days, 7 days whatever, but none is kinda shady to me.
  |     |   Comment #55
Apparently they have not heard of "traveling worker". I work in the counties listed, but do not live there. NOW they want me to get some sort of proof from my employer that I work in the counties listed. And then what will they want ?? First it was the REQUIRED phone call after all my information was submitted. Now this. Rinky dink bank that isn't smart enough to list ALL their membership requirements UP FRONT.
  |     |   Comment #86
Let's get this straight. You are a traveleing worker.....meaning you are a temp worker.....meaning you are working for a temp agency. If that temp agency is located within those areas that the CU stated, then I agree with you. If not, then you don't actually qualify. You have to either have a residence in those areas or are working for a business that reside in those areas. I don't know how much clearer you have to be.
  |     |   Comment #66
It's a good thing they really enforce their membership requirements. Too many cheaters trying to bend their rules to get their 4% CDs.
  |     |   Comment #67
The law that makes some credit unions only serve small geographical areas is an example of govt running amok. The only reason for the law is because the ABA, the American Banking Association, plies our politicians with millions of dollars of campaign contributions (bribes) to ensure that credit unions do not get too big so they can't compete against the largest banks in the US. This way they can pay puny deposit rates and offer lousy service without competition from credit unions with better deposit & loan rates.
  |     |   Comment #68
Lou I agree completely with you 
  |     |   Comment #69
I just joined the credit union and they were very professional. I was able to join because I have a family member in the military but we all live in another state. Looking forward to opening a 4% cd now as they are hard to find.
  |     |   Comment #70
What box did you check on the online application form to verify that you qualify for membership, or what written representation did you make? TIA
  |     |   Comment #71
Was it an immediate family member like husband/children or someone else?
  |     |   Comment #73
It's unbelievable how you were granted membership with a Retired Military & you live in another state. The person working with me has even checked with her Supervisor & declined Retired Military. I guess I cannot go any further in trying to gain membership. I believe that gaining membership depends on the agent that handles your original application. My Rep is dead sit against making any effort to help.
  |     |   Comment #74
I was just signed up for new membership as well with a military family member, and I live in WA state. I guess it depends on who you talk to. Good luck.
  |     |   Comment #75
GoneFishin #74 In the drop down box for which did you Select your eligibility? It starts with "I qualify for membership because?"
  |     |   Comment #76
New CU account memberships may be "joint accounts" where one of the account holders lives within the field of membership...such as one of the military bases or is just a civilian. If the address of record is within the field of membership of the primary account holder well...also some parents may live out of the area but have a joint account with a son/daughter that is active military in the area and lives on/off the base.Once that joint account has been established both parties also MAY be eligible for a personal acct as well.
  |     |   Comment #79
You can join Navy Federal CU even if your family member, who is military(active/retired), is not a member there. Why wouldn't it be so here, also?
  |     |   Comment #80
I am seriously thinking about enlisting in the military now, just so i can join the CU. Oh yes i forgot, and live in the membership area as well. Iou and I can get married then he wont whine anymore...
  |     |   Comment #81
Because they have different membership requirements than Navy Federal. As far as I can tell, no who lives outside the area and doesn't have family members (military or not) who resides in the area and is a member of the credit union, has been able to join this credit union. What you may think you have been told and what actually happened are not one and the same.
  |     |   Comment #83
First off, you don't have to 'reside' in the area. As long as you work there, you also qualify. You do need proof from your employer, which was no biggie. I started my application Friday, funded and opened the CD today.
  |     |   Comment #87
She never said the military person was retired.
  |     |   Comment #84
As for people complaining about no grace period. That is just silly. I asked my rep who opened my CD to automatically cancel renewing the CD when it matures and have the check sent directly to me. She did just that with no problem.
  |     |   Comment #85
Nice going Ed. Why not drop the CD balance into your saving at maturity and have it ACH from your other bank? Its easier and faster then a check. You can set it up to transfer to your saving at maturity, thats what i did.
  |     |   Comment #88
She said you can also do that. You can also have your monthly interest deposited in your savings too if you want. I just don't like the hassle of doing that.
  |     |   Comment #89
don't care what lou said because I'm going for it tomorrow. met three out the four requirements that someone posted earlier. I have 250k to put to work and need 4% money!
  |     |   Comment #90
Which 3 out of 4?

Do you live, work or worship there and can prove it or is anyone in your family (military or otherwise) already a member of the credit union? Otherwise you're out of luck.
  |     |   Comment #91
Sidney... i was just approved for membership and I live out of state. I found the Customer Service reps very nice and they will work with you.I love the personal attention they gave me to make it all happen.I am looking forward to opening CD's now.
Cash Flow
  |     |   Comment #93
Suze #91 - can you please clarify under what basis were you approved for membership ?
Cash Flow
  |     |   Comment #94
Actually, anyone who is out of state and was able to successfully qualify can you clarify the link that made you eligible.
  |     |   Comment #92
Edward #84. What is silly is the fact that they do not offer a grace period. There is no good reason for them to do this. From my very short experience, this place has way too many of their own little rules that I have never had to deal with elsewhere. Hopefully your request to have your check sent to you at maturity does not get "overlooked" or "was not requested".
  |     |   Comment #95
At the time of opening your CD over the phone the rep will ask you what your CD maturity instructions are, to either roll over the assets into  another CD or deposit them into your sav/check acct. You may also have a check mailed out to you.It is their policy to confirm your maturity instructions at the time a CD is opened. A confirmation of your maturity instructions can also be provided on request. CD maturity instructions can be changed anytime during the certificate term and a maturity letter will also be mailed out just before the term ends.
The 4% offering is a good deal from a CU that is trying hard at being a top CU in their field of membership.My interactions with customer service has always been very professional and the call center can transfer you to an account specialist in minutes.
  |     |   Comment #96
Anybody know how long after you submit app does Frontwave contact you? Filled out the app on Tues and nothing yet. Do they contact you by phone or email?
  |     |   Comment #98
Just call them to follow up on the application status.
  |     |   Comment #99
Their 4-year certificate is listed with 3.50% APY today.
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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