13-Month CD Special at Los Angeles Federal Credit Union

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Los Angeles Federal Credit Union is offering a nice CD special. It has a 13-month term and a 1.30% APY. Unfortunately, it has a low maximum deposit of $25,000, and only one certificate can be opened per member’s account. This special is listed at the credit union’s promotions page as of 7/3/2014. It’s a limited-time special that’s subject to change without notice.

The credit union is also offering a few bonuses. One is a checking account bonus in which you can earn $65 with direct deposit. Another one is a credit card bonus in which you can earn $100 for a $5,000 balance transfer, and there’s one that requires refinancing a car loan. Refer to the promotions page for the full details.

The credit union is open to anyone who lives in Southern California. All that is required is a $1 donation to the Los Angeles Charitable Association (LACA). Please refer to the credit union’s eligibility page for the full details.

Membership requires a one-time membership fee of $5 and a minimum balance of $5 in the share savings account.

In addition to Los Angeles, Los Angeles Federal Credit Union branches are located in the Southern California cities of Glendale, Van Nuys, Gardena, Culver City and El Monte.

Credit Union Overview

The credit union was established in 1936 to serve Los Angeles City employees. Its field of membership has expanded, and the credit union has grown to over 50,000 members. It has an overall health grade at DepositAccounts.com of an A with a Texas ratio of 4.41% (excellent) based on March 2014 data. Please refer to our financial overview of Los Angeles Federal Credit Union for more details. The credit union is federally insured by the NCUA (Charter # 1207).

How This CD Compares

The highest 12-month CD rate that’s nationally available is 1.15% APY at Melrose Credit Union. The highest 12-month CD rate at a bank is 1.10% APY. Three internet banks currently offer this rate. These are Synchrony Bank, GE Capital Bank and EverBank. These rates are accurate as of 7/3/2014.

To search for the best nationwide rates and the best rates in your state, please refer to our CD rates tables.

Comments
4.60% 24-Month / 4.08% 12-Month CD at a California CU - up to 4.91% (Los Angeles).
Update 3/24/08: The CD rates went down today. Please check the credit union's website for the latest rates.

Los Angeles Federal Credit Union has some very competitive rates on its share certificate with terms of 24 to 35 months. The highest yield is 4.91% APY with a $100K minimum for the Senior Jumbo share certificate. You must be 55 years or older to qualify for the Senior share certificates. A Jumbo share certificate, a Senior share certificate with a $1,000 minimum, and an IRA certificate with a $500 minimum have a...

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5.15% 6-Month / 5.15% 11-Month CD at a California CU - and up to 5.30% (Los Angeles).
Update 2/2/08: CD rates have fallen. Please check the credit union's website for the latest rates.

Los Angeles Federal Credit Union has some competitive rates on its share certificate with terms of 6 to 11 months. The highest yield is 5.30% APY with a $100K minimum for the Senior Jumbo share certificate. You must be 55 years or older to qualify for the Senior share certificates. A Jumbo share certificate, a Senior share certificate with a $1,000 minimum, and an IRA certificate with a $500 minimum have a yield of 5.15%...

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5.97% 24-Month CD at a California CU (Los Angeles)
Even though the 6% 6-month CD that I reported on last month has ended, Los Angeles FCU still has high rates on its standard CDs with terms of 24 to 35 months. The best rate is 5.97% APY for a Senior Jumbo share certificate. You must be 55 years or older for the Senior Share Certificates, and the Jumbos have a minimum deposit of $100K. The APY is 5.81% for a Senior Share Certificate with a $1K minimum or a plain Jumbo CD, and the APY is 5.66% for a...
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6.19% 6-Month CD at a California CU (LA FCU).
Los Angeles Federal Credit Union is offering a New Year's special share certificate with a rate of 6.19% APY for a 6-month term. The minimum deposit is $1,000, and it requires new money. It's available until January 31, 2007.

The credit union also has a high rate on CDs with terms of 24 to 35 months. Members 55 or older can get a rate of 5.97% APY for a minimum of $100K or 5.81% APY for a minimum of $1K. All members can get a rate of 5.81% APY for a...

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5.75% 12-Month CD at a California Credit Union (LA Times FCU)
Los Angeles Times Federal Credit Union is offering a special 5.75% APY 12-month share certificate. The minimum deposit is $2,500. New money is required.

They don't go into much detail on their field of membership. They state "We are the designated credit union for the Downtown Los Angeles Community." I assume that people who live in Downtown L.A. are eligible. They also state: "Also serving the employees and families of: Los Angeles Times, CCN, Recycler, Aramark, Cafe Cafe, Title Court Service and Downtown LA Motors."

The credit union is NCUA insured...



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