These special CDs are called Liquid Certificates. You are allowed 3 deposits or withdrawals during the term. However, the interest rate will adjust if you fall below one of the rate tiers. If it falls below $10K, you'll only earn the regular share savings account rate.
The field of membership includes those who live, work, worship or attend school in one of the following California counties: Alameda, Contra Costa, Sacramento, San Mateo, Santa Barbara, Santa Clara and designated areas of Ventura County. You can also be eligible to join through select employer groups or family relation. See site for details.
One downside with this credit union is a $35 one-time membership fee. Remember to try to get this waived if you join to open a CD. Often these fees are negotiable.
Branches are located in Concord, Cupertino, Milpitas, Pleasanton, Santa Clara, San Jose, Sunnyvale, Folsom and Goleta.
KeyPoint is NCUA insured. It has $692 million in assets and over 68,000 members.
Thanks to Sree who mentioned this CD special in the finding deals post.