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.

3.50%$1k-Frontwave Credit Union3 Year Share Certificates
Rates as of April 18, 2019.

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.

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

According to this document, the early withdrawal penalty may not be simple:

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  • seven (7) days dividends, on the amount withdrawn subject to penalty, if the withdrawal is made within the first six (6) days after the account is opened or renewed, or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.

Military Saver and Saver Certificates

Frontwave is also offering a 3-year Military Saver Certificate (4.00% APY) for active duty military personnel and a 3-year Saver Certificate (3.75% APY) for civilians.

4.00%$100$500Frontwave Credit Union3 Year Military Saver Certificates
3.75%$100$500Frontwave Credit Union3 Year Saver Certificate
Rates as of April 18, 2019.

The 3-year Saver Certificates (both Military and civilian) are essentially installment savings accounts, which permit maximum deposits of $500 per month throughout the term. There's also a maximum initial deposit of $500. The small maximum deposits limit the benefit of these high APYs.


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.

In addition, immediate family members of current Frontwave members also qualify for membership.

Joining Frontwave and/or opening the 3-year Share Certificate can be done online or at any of 13 California branches located in Barstow, Camp Pendleton (2), Oceanside (2), San Diego (2), San Marcos, Temecula (2), Twentynine Palms, Wildomar, and Yucca Valley.

Credit Union Overview

Frontwave Credit Union has an overall health grade of "A+" at, with a Texas Ratio of 1.48% (excellent), based on September 30, 2018 data. In the past year, Frontwave has increased its total non-brokered deposits by $27.24 million, an excellent annual growth rate of 4.11%. 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 57th largest credit union, with more than 86,000 members and assets in excess of $829 million.

How the Share Certificate Compares

When compared to 225 similar length-of-term CDs tracked by, requiring a similar minimum deposit and available within the FOM, Frontwave Credit Union’s 3-year Share Certificate currently tops the list.

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

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

RJM   |     |   Comment #1
Nice deal, if you qualify. I'd be all over it if I did.
RJM   |     |   Comment #2
Edit, I thought this was a one year, 3 year is not so good. More like fair.

Im wondering if I should gamble on a 25 month for 3.25% with a portion of my matured CD money.

They require $10k of new money and I might just use the $10k for the longer term?

They also have a 49 month that Ive decided is too long for me.
(I wonder if it originally said one year and it was a typo?)
lr050558   |     |   Comment #3
RJM- Why not Nasa FCU 15 month for 3.20%?
RJM   |     |   Comment #4
I am opening one. Was wondering if I should also do the 25 month. And I might just do both longer ones with $10k each? Neither are as good a deal as the 15 but at the same time, Ive done a bunch of short term ones and all it does is cause me work when they mature. Like NASA makes me add new money. (I could have transferred it to my share about if I wanted though) But other times, I leave & go elsewhere and all that is work on my part.
lr050558   |     |   Comment #5
I know what you mean. I am busting my butt with these shorter terms but that's only because the world makes no sense to me. I guess I am one of the few that honestly thinks with wage growth, low unemployment, strong economy, etc that rates have to go up; If they can't gradually raise rates back to normal levels in this environment without a complete panic, we will know within the next year and this will be a new normal. The best I could do was the Freedom CU for 30 months @ 3.56% this year, everything else was 12-18 months. 30 months is now long term for me. There is also the Inova 20 (3.15) and 30 (3.25) month step up still out there... if you believe that they will really "step up". LOL If I see anything I will post it.
Robb   |     |   Comment #6
@lr50558 I think one thing that keeps our long end capped to a degree is that rates remain quite low in many major economies across the globe and when our long end rises a bit as we saw last quarter with the 10 year note getting as high as 3.25% foreign buyers come in. Right now, for example, the 10 Year German Bond is only paying .17% of 1 percent.
lr050558   |     |   Comment #7
I can agree with that for sure. I am well diversified, not due to my brilliance but due to my circumstances. I also know that my circumstance and what is right for me is not right for others. I was always a 5 year-7 year term but right now, for me, after experiencing the past 6 months, my 30 month CD's seem like forever. What a roller coaster this has been!  
RJM   |     |   Comment #8
With my maturing NASA, i added $20k and opened a 15 month with 86.5% and a 25 with 13.5% Did not go for the 49 at all because when I think of 4-5 year terms, I have a high degree of confidence that I can outperform in stocks IF i work at it. My problem is I have gotten lazy and just bought CDs for far too long. I cash in stocks and I do not reinvest enough in new situations. And at my age, I should not be this conservative. 56.
lr050558   |     |   Comment #9
RJM- Looks like what I did .LOL With CD's, right now it appears that the best we can do is just to try and keep up with inflation (after taxes). We now have 4%'s out there today! (whether we can take advantage of them or not, would work with less than an "A" credit union, etc). There will always be a good deal somewhere and yes, it is work. That;'s why I am on this website, listening to everyone. Money is work! At 56, I know you are not cashing in IRA's, right? Re: Conservative investing. Only you know. You have to do what let's you sleep at night.
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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