Kinecta Federal Credit Union Offers Top-Rate 15-Month Promotional CD


Deal Summary: 15-month Certificate Promotion, 5.05% APY ($100k), 5.00% APY ($100), new money.

Availability: Easy membership requirement

California-based Kinecta Federal Credit Union (Kinecta) is the latest credit union to offer a short-term 5% CD Special. This one is a 15-month Certificate Promotion. With tiered APYs of 5.00% and 5.05%, the 15-month Certificate Promotion requires new money, with minimum deposits of $100 and $100k, respectively. “New money” is defined simply as funds not currently on deposit with Kinecta.

According to the fine print on the VIP Page, Promotional Certificates qualify for a VIP Bonus. Kinecta’s Gold Club and Hughes Gold Elite Club offer an additional 0.05% and 0.10% rate increase, respectively, on Share Certificates.

Being treated like a VIP is a pretty big deal. As a VIP, you’ll have access to exclusive benefits. No sign-ups or fees to join. You’ll be automatically enrolled once you qualify!

As stated on the VIP Membership page, the requirements for the Gold Club reads as follows:

Gold Club - Minimum of $150,000 in combined balances (loans, deposits, & investments) including minimum of $10,000 in deposits & investments.

Either of the following: (A) minimum monthly average direct deposit of $250 to share accounts; OR (B) minimum monthly average of 3 transactions tied to share accounts.

The requirements for the Hughes Gold Elite Club are the same as for the Gold Club, but the Hughes Gold Elite Club also requires 20 or more years of Kinecta membership.

As stated in the Kinecta Truth-in-Savings disclosure, the Early Withdrawal Penalty reads as follows:

The Credit Union will terminate the Term Share Certificate Account and impose a penalty on the amount of withdrawal from the account if a withdrawal of principal is made prior to the Maturity Date.

If the Term Share Certificate has a term to maturity greater than one (1) year, the penalty imposed will equal one-hundred eighty (180) days of dividends.


Headquartered in Manhattan Beach in Southern California, Kinecta Federal Credit Union's field of membership (FOM) offers a qualifying option for almost any U.S. citizen or resident alien, 18 years or older with a valid Social Security number.

Easy Membership – Joining Innovision Society ($10 membership fee which Kinecta will cover) qualifies for Kinecta membership. The Credit Union's online application allows you to join Innovision Society and Kinecta simultaneously.

Residency – Individuals who live, work, or attend school in select Zip Codes in the Greater Los Angeles metro area, three Dallas area counties, St. Petersburg (FL), Rosemont (IL), or the greater Rochester (NY) area qualify for membership.

Employment – Any current or retired employee of nearly 200 Select Employee Groups are eligible for membership.

Relationship – Immediate family (spouse, parent, child, sibling, grandparents, grandchild, step-family) or a household member of a current Kinecta member qualify for membership.

Joining Kinecta can be done online, or in person at any of 25 California branches, the vast majority of which are in Southern California. Kinecta also has single branches in Boca Raton (FL) and Parsippany (NJ), and four branches in the Rochester (NY) area.

Opening a Regular Share Account with a $5 minimum deposit establishes a Kinecta membership.

When CSR told me a 15-Month Certificate Promotion could not be opened online, I thought I had misunderstood. Although the Rates page states that current Kinecta members can open additional accounts using the Online Banking platform, the 15-Month Certificate Promotion landing page states

Stop by a branch or book a virtual appointment to meet with a live agent at your convenience.

Funding and Other Details

The following information is from a Live Chat.

  • Funding – ACH, Wire, shared branch transaction.
  • CO-OP Shared Branch Participant – Yes.
  • Dividends – Compounded/credited monthly, but cannot be withdrawn penalty-free.
  • Maturing Funds – ACH, Wire ($25), cashier’s check to address on file, internal transfer to Kinecta savings/checking account.
  • Beneficiaries – Unlimited, percentages can be assigned, Social Security numbers are required.
  • Grace Period – 7 calendar days before automatic renewal.
  • Credit Check – Soft pull when joining (Experian).

Credit Union Overview

Kinecta Federal Credit Union has an overall health grade of "B+" at, with a Texas Ratio of 3.19% (excellent) based on September 30, 2022 data. Kinecta has an average capitalization level (8.40%), the result of holding assets of $6.47 with $544.05 million in equity. Please refer to our financial overview of Kinecta Federal Credit Union (NCUA Charter # 4142) for more details.

Hughes Aircraft Employees Federal Credit Union (HAEMFCU) was established in 1940 because of an inconvenience: employees of the Hughes Aircraft Company were using too much of their lunchtime driving downtown to handle their finances. The solution? An employee credit union located in the Hughes Aircraft plant. HAEMFCU continued to grow and service its members for 60 years, and in July 2001, the name was changed to Kinecta Federal Credit Union. Kinecta Federal Credit Union is currently the 48st largest credit union in the nation, with more than $5.8 billion in deposits and serving more than 270,000 member-owners across the country.

How the 15-Month Certificate Promotion Compares

When compared to similar length-of-term CDs tracked by that are available nationwide, no banks or credit unions have higher rates than currently offered on the Kinecta Federal Credit Union 15-Month Certificate Promotion, regardless of deposit requirements. The following table compares the 15-Month Certificate Promotion to the two highest-rate CDs from other credit unions and the two highest-rate CDs from banks.

The above information and rates are accurate as of 1/30/2023.

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

Related Pages: Rochester CD rates, West Palm Beach CD rates, Los Angeles CD rates, Santa Barbara CD rates, 1-year CD rates

Previous Comments
  |     |   Comment #1
Confirmed - 15 mo CD can ONLY be opened in branch. Check or money order. NO electronic options for deposit.
  |     |   Comment #2
Good info...thanks
  |     |   Comment #3
@Benson, Um are you sure you didn’t get one of “those” reps on the line?

I haven’t tried yet, but the online application may not offer the promotional CD as a product initially. However, this credit union has branches in several states, and as such, I don’t believe, require you to be in the branch just for this CD. That’s what a rep just told me. You may however, have to call them to put the money into the CD once it’s deposited at a shared branch. Also confirmed that they use DocuSign on their website for the application;;another reason I’d doubt they would make you come into a branch.
  |     |   Comment #4
Per the link- "Open your certificate in branch or via live video chat with one of our virtual branch agents"
I applied via the Credit Unions main page. 3/4 of the way through you will come across a drop-down menu asking for your choice of investments. The 15mo/5% option is NOT listed as an option. I called the local branch and the rep said it could only be opened and funded at a branch. Might be a work-around but not interested in jumping through a bunch of hoops.
  |     |   Comment #5
It's the latest fintech innovation. You allow them to use your home as a branch for 3 months. Then you can open the certificate from home. Brilliant!
  |     |   Comment #6
I think they’re just trying to promote use of their “virtual” service….for ANYTHING, not just a promotional CD.

If you go here,
….apply, and then get an email confirming you’re approved, you can call them after you deposit funds to invest in the CD or whatever else.
  |     |   Comment #7
Id be careful with any FI headquartered in California. You never know if they try to apply the state income tax to your earnings. They are already trying to apply state income taxes to people who leave the state. Any state that has a spending problem, that also has people dont want to mess with. They are addicted to that tax money, and will do anything to keep it. ;)
  |     |   Comment #8
It's a good point and I agree. The People's Republic of California will try anything to relieve you of your wealth. When you get places like New York City that actually passed a law allowing illegal aliens to vote (a law which was later struck down by higher courts), nothing is out of bounds when it comes to their greed for confiscating other peoples' money to fund their corrupt political machine.
  |     |   Comment #11
California is a scary scary place! I cant even imagine living in that state. The laws they are trying to pass as we speak, are bonkers. I dont think the state income tax on people who leave will hold up in the courts. I dont see how a state can tax you when you are offically NOT a resident anymore. That will go to the supreme court guaranteed.
  |     |   Comment #9
Wow! An old school Credit Union that actually limits who can join! Nowadays anyone can join most credit unions without some kind of affiliation.
  |     |   Comment #10
"Joining Innovision Society ($10 membership fee which Kinecta will cover) qualifies for Kinecta membership."
  |     |   Comment #12
Been a member for 40 years...I like Kinecta (old Hughes Aircraft CU) and have had IRA CDs for 10 years with them. I'm looking at this and see no flaws though we will pay fed/state taxes on interest but 5% much better than 0.05%! Ca tried many years ago to tax pensions earned as a Ca resident (for those who left) but failed. I will pay taxes at ~9% (marginal) if I buy this CD, which sucks, but again better than taxes on 0.05% interest rate!
Kinecta Federal Credit Union And Xceed Financial Credit Union Merge
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Availability: Easy membership requirement

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Availability: Easy membership requirement

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Kinecta Federal Credit Union Adds 18-Month Promo CD
Deal Summary: 18-month Promotional Certificate, 2.75% APY, $1k minimum deposit

Availability: Easy membership requirement

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According to the fine print on the VIP Page, Promotional Certificates qualify for a VIP Bonus. Kinecta’s Gold Club and Hughes Gold Elite Club offer an additional 0.05% and 0.10% rate increase, respectively, on Share Certificates.

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Availability: Easy membership requirement

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In addition to offering a competitive rate, Kinecta will donate $10 to Karma Rescue for each new 2-year Karma Share Certificate opened between February 7 and March 7, 2018. Karma Rescue is a Los Angeles-based non-profit 501(c)(3) that “transforms lives...

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Deal Summary: 5-year Jumbo Share Certificate, 2.50% APY, $100k minimum; 5-year Share Certificate, 2.25% APY, $1k minimum.

Availability: Easy membership requirement

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The 5-year Share Certificates are also offered as IRAs, earning the same APYs with the same funding requirements.

According to the fine print on the Promotion Page, the 5-year Share and Jumbo Share Certificates qualify for a VIP...

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