Top CD Rates and Checking Bonus at Pasadena FCU in SoCal - Local Only
Pasadena Service Federal Credit Union has several good deposit deals. First, it has several competitive rates on its CDs and IRA CDs. The best ones have terms from 2 to 5 years and require a minimum deposit of $10K. These include a 2.61% APY 5-year CD, 2.10% APY 4-year CD, 1.85% APY 3-year CD and a 1.55% APY 2-year CD. These rates are listed in the credit union's certificate rates page as of 10/12/2011.
Another good deal is its checking account promotion. You can earn $50 for opening any of its checking accounts. The first $25 is given just for opening the account. The second $25 requires direct deposit. This is listed in the credit union's promotions page as of 10/12/2011.
One of the credit union's checking accounts is a high-yield reward checking account called High Yielding Checking. This account still pays 3.01% APY for balances up to $25K as of 10/12/2011 which makes this the best reward checking account in California. I reviewed this account in my August blog post.
Membership is open to those who live, work, worship or attend school in, Altadena, Arcadia, Pasadena, San Marino, Sierra Madre, South Pasadena, and the unincorporated area of 91107. Please refer to the credit union's field of membership page for the full details.
Pasadena Service Credit Union branches are located in the Southern California cities of Pasadena, Commerce and Vernon. The credit union is also part of the shared branch network which allows you to perform many banking transactions at any shared branch.
The credit union has an overall health score at DepositAccounts.com of 4 stars (out of 5) with a Texas Ratio of 6.37% (excellent) based on June 2011 data. Please refer to our financial overview of Pasadena Service Credit Union for more details. The credit union is federally insured by the NCUA (Charter # 1368).
How This CD Rate Compares
The highest rate from a 5-year CD that's nationally available is 2.75% APY (2.85% for $100K) at Firstmark Credit Union. You can get 2.86% APY at Digital Credit Union, but this requires a relationship checking account.
For banks, 5Star Bank's 5-year CD rate is currently the highest for nationally available 5-year CDs. The second best is 2.20% APY at First Internet Bank.
Rates are accurate as of 10/12/2011.
Searching for Top CD Rates
To search for nationwide CD rates and CD rates in your state, please refer to the best CD rates section of DepositAccounts.com.