Logix Federal Credit Union Has Competitive 12-Mo Add-On No-Penalty CD


Deal Summary: 12-month Flex Certificate, 5.25% APY, $1k minimum deposit of new money, one additional deposit, one penalty-free withdrawal up to 25% of current balance.

Availability: Easy membership requirement in AZ, CA, MA, MD, ME, NH, NV, and VA.

California-based Logix Federal Credit Union (Logix) is currently offering a 12-month Flex Certificate with a competitive 5.25% APY. The minimum opening deposit is $1k of new money, with no stated balance cap. “New money” is defined simply as “money not currently on deposit with Logix.”

5.25%$1k-Logix Federal Credit Union12 Month Flex CD Special - New money
Rates as of February 19, 2024.

”Flex” refers to the 12-month Certificate’s flexibility and accessibility, with the options of “a one-time additional deposit and one-time early withdrawal of funds (up to 25% of the current certificate balance), penalty-free.”

Penalty-Free Withdrawal and Additional Deposit

As stated in the Certificate Account Agreement and Disclosure,

Withdrawal of Principal: You may make one (1) withdrawal of up to 25% of the then current balance of the Certificate at any time during the Certificate term without penalty. Early Withdrawal Penalties apply for additional withdrawals.

Deposits: In addition to the initial deposit to open a 12-Month Flex Certificate, you may make one (1) deposit of any amount at any time during the first 11 months of the term of the account.

Early Withdrawal Penalty

Certificate Term of 12 Months to 24 Months – The Early Withdrawal Penalty is 180 days’ dividends that were earned or that would have been earned on the amount withdrawn had the funds remained on deposit for 180 days. If the funds have not been on deposit for at least 180 days the Early Withdrawal Penalty may invade the Principal Amount of the Certificate.


Headquartered in Valencia, California, Logix Federal Credit Union’s field of membership (FOM) includes easy membership requirement (EMR) options for the individuals who live in Arizona, California, Maine, Massachusetts, Maryland, New Hampshire, Nevada, or Virginia.

Easy Membership Requirement: Joining either the American Consumer Council or the Moorpark College Friends of the Foundation qualifies for Logix membership. Either organization can be joined on the Logix membership application and “there is no cost to join.”

Employment: Employees/retirees of 450 Sponsor Companies (including Lockheed Martin, Lockheed IMS, Lockheed Martin Skunk Works, and Lockheed Martin Space Info Sys) are eligible to join.

Relationship: Immediate family members of an existing Logix member are welcome to apply.

Account Opening

Joining Logix and/or opening a 12-month Flex Certificate can be done online, by phone (800.328.5328), or at any of 18 full-service California branches, located in Burbank, Calabasas, Canyon Country, Chatsworth, Newbury Park, Palmdale, Pasadena, Porter Ranch, Santa Clarita, Simi Valley (2), Stevenson Ranch, Tarzana, Thousand Oaks, Valencia (2), Westlake, and Woodland Hills. Appointments are available and can be scheduled online.

Deposit $5 or more to open your Main Savings account and establish your account.

Existing Logix members can open a Flex Certificate by logging into Online Banking, clicking on “Accounts”, clicking on “Open a New Account”, and selecting 12-month Flex Certificate from the “Choose Account Type” dropdown.

Funding and Other Particulars

The following information is from the Logix website and a conversation with CSR.

  • Funding – ACH (online), check, internal transfer, Share Branch transaction.
  • Ownership – Individual, joint, or trust.
  • CO-OP Shared Branch Network – Yes.
  • Dividends – Compounded/credited monthly; can be withdrawn penalty-free.
  • Maturing Funds – Cashier’s check to address on file, or internal transfer into a Logix Main Savings account.
  • Grace Period – 7 calendar days before automatic renewal as a 12-month Standard Certificate at the current rate.
  • Beneficiaries – Unlimited, with equal shares; Social Security numbers not required but DOB are.
  • Credit Check – Soft pull using Experian.

Credit Union Overview

Logix Federal Credit Union has an overall health grade of "B+" at DepositAccounts.com, with a Texas Ratio of 2.49% (excellent) based on September 30, 2023 data. In the past year, Logix’s total non-brokered deposits decreased by -$271.56 million, a below average annual growth rate of -3.54%. Please refer to our financial overview of Logix Federal Credit Union (NCUA Charter #1999) for more details.

The original Lockheed Federal Credit Union (LFCU) was founded in 1937 by twelve employees of Lockheed Aircraft’s Burbank facilities. Membership grew quickly and by the early 1940s more than 15,000 Lockheed employees had joined. In 1996, LFCU became a separate entity, leaving the Lockheed Martin umbrella. The Logix Federal Credit Union rebrand occurred in 2012 and according to a May 2012 Credit Union Times article,

After a year on the drawing boards, the $3.3 billion Lockheed Federal Credit Union will become Logix FCU on July 9, a name change reflecting a lessening of formal ties to its original corporate sponsor.

The new brand, rolled out in a series of emails to members, should help the Burbank, Calif., credit union eliminate ongoing confusion over membership eligibility, a problem that has long plagued the credit union, explained David Styler, president/CEO.

“This is something that we’ve agonized over for a long time, and I am getting mixed and understandable reaction so far from members who feel attached to the Lockheed name, something we are equally proud of our history and heritage.”

Nonetheless, “we chose the name Logix because it is distinctive, memorable and suggests a smarter, more logical banking choice,” he added.

Logix is currently the sixth largest credit union headquartered in California, with more than 247,000 members and assets in excess of $9.8 billion.

How the 12-Month Flex Certificate Compares

When compared to the no-penalty CDs tracked by DepositAccounts.com that have a term of 10-13 months and are available within the FOM, no banks or credit unions have higher rates than offered on the Logix Federal Credit Union 12-month Flex Certificate. The following table compares the 12-month Flex Certificate to the four highest-rate similar No-Penalty CDs from other banks/credit unions within the market area. It should be noted that the Logix 12-month Flex Certificate offers only a penalty-free withdrawal on up to 25% of the balance. The other No-Penalty CDs listed below allow a full penalty-free withdrawal.

APYCD Term (Withdrawal Lock)Credit Union/Bank
5.25%12-month Flex Certificate, $1k min (7 days)Logix Federal Credit Union
5.00%11-Month No Penalty CD, $500 min (7 days)USALLIANCE Financial
5.00%13-Month MYSB Direct Online No-Penalty CD Special, $5k min (7 days)M.Y. Safra Bank
4.90%11-Month No Penalty CD via Raisin, $1k min (7 days)CIT Bank
4.75%12-Month Liquid CD, $5k min (7 days)Credit Human

The above information and rates are accurate as of 2/19/2024.

For the best no-penalty CD rates, please refer to our No Penalty CD Rates Table of the liquid account summary.

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

  |     |   Comment #1
I opened my first of these promo CDs in late December and posted about it here on da.com in early January.

My strategy has been to NOT open this CD with a large amount. Instead, I planned to open new Flex CDs for $1,000 occasionally because the later it’s available, the longer you lock in a 5.25% rate. I’ve already opened another CD this morning just in case there is a large influx of funds from da.com readers which could push the rate lower. LOGIX usually adjusts the rates on all their banking products on Fridays.
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