Premier America CU Offers Nationally Available 12-Month CD


Availability: Easy membership

California-based Premier America Credit Union (Premier America CU) is offering a 12-month CD (1.30% APY, $100k minimum, no balance cap). This is the highest APY for the 12-month CD in its 5-year history, which includes 14 rate changes.

All of Premier America CU’s CDs have APYs based on four deposit tiers of $1k, $10k, $25k, and $100k; the 12-month CD’s tiered APYs are 0.95%, 1.00%, 1.25%, and 1.30%, respectively.

1.10*%$100k-Premier America Credit Union12 Month CD
1.10*%$100k-Premier America Credit Union12 Month IRA (Traditional, Roth, CESA)
Accounts mentioned in this post. Rates as of October 24, 2016.

The 12-month CD is also available as an IRA (Traditional, Roth, and CESA) earning the same APYs, with the same funding requirements.

As stated on Premier American CU’s Member Agreement, the Early Withdrawal Penalty reads as follows:

A partial withdrawal of the principal is subject to a penalty equal 10 to:
(a) 90 days’ dividend if the term is less than one year;
(b) 180 days’ dividend if the term is one year or longer, applied to the amount withdrawn.


Headquartered in Chatsworth, California, Premier America Credit Union offers membership in a variety of ways:

Easy membership: Joining the Alliance for the Arts, automatically qualifies you for membership eligibility. Premier America CU’s online application allows you to join Alliance for the Arts during the application process, using the "I am an employee of member of an eligible company or organization."

California Residency: Individuals who live, work, or attend school in Ventura County, San Fernando Valley, Santa Clarita Valley, Agoura/Westlake Village, Gateway Cities, San Gabriel Valley, and Santa Monica/Malibu area are eligible to join.

Texas Residency: Individuals who live, work, or attend school within 10 miles of the Westchase branch in Houston qualify for membership.

Employment or Affiliation: Employees and members of more than 1,100 companies and organizations are eligible for membership.

Family Relationship: Family members of current Premier America CU members are eligible to join.

Membership eligibility is detailed on the first page of Premier America CU’s online application, which is time-sensitive so I have not included a link.

Applying for membership and/or opening a CD can be done online or at any of 19 California branches located in Burbank (2), Camarillo, Chatsworth (2), Granada Hills, Oxnard (2), Santa Monica, Simi Valley (2), Thousand Oaks (2), Universal City, Valencia, Venture, Westlake, and Woodland Hills (2). Premier America CU also has two branches in Houston.

Credit Union Overview

Premier America Credit Union (NCUA Certificate # 68428) has an overall health grade of "A" at, with a Texas Ratio of 4.45% (excellent) based on September 30, 2015 data. In the past year, Premier America CU has increased its total deposits by $360.07 Million, an excellent annual growth rate of 23.51%. Please refer to our financial overview of Premier America Credit Union for more details.

Premier America Credit Union was originally established in 1957 as the Litton Employees Federal Credit Union for the benefit for Litton Industries employees throughout Southern California. In 1963, Litton Industries acquired Western Atlas (a Texas oil and gas company), giving the Credit Union a foothold in Texas. Premier America CU was the last out-of-state credit union to expand into Texas just days before the state’s credit union commission adopted a rule in 1999 prohibiting such expansion. Today, Premier America CU has more than 98,700 members and assets in excess of $2.1 Billion.

How the CD Compares

When compared to 161 similar length-of-term CDs tracked by that are available nationally, Premier America Credit Union's 12-month CD currently ranks in the top six, regardless of minimum deposit. The following is a sampling of those six CDs.

Of the 17 similar length-of-term CDs that require a $100k minimum deposit, Premier America CU’s 12-month CD shares the top spot with My e-BAnC by BAC Florida Bank’s 12-month Jumbo CD.

The above rates are accurate as of 2/29/2016.

To search for nationwide CD rates and CD rates in your state, please refer to the CD rates section of or our new Rates Map page.

Special 13-Month CD at Premier America Credit Union in SoCal
Availability: Los Angeles area

Premier America Credit Union is advertising a new-branch CD special that’s a good deal. It’s only available at one of its Southern California branches. The special is a 13-month CD with a 1.30% APY. Minimum deposit is $1,000, and there is no maximum deposit. The special isn’t listed at the credit union’s website. The deal was advertised in the newspaper, and a DA reader emailed me news of it (Thanks!) I received the details of the deal by calling the credit union. According to the...

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Special 13-Month CD at Premier America Credit Union

It's difficult finding short-term CDs with rates over 1.00% these days. This is especially the case if you prefer to open a CD at a brick-and-mortar branch. If you're searching for this CD, you might be interested in the CD special at Premier America Credit Union. It has a 13-month term with a 1.03% APY. Minimum deposit is $1,000. It's available for IRAs and business accounts. This is a limited time offer. The special CD rate is listed in the credit union's rates page as of 3/13/2013.

Premier America Credit Union...

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12% 12-Month CD ($1,200 Max) at Premier America Credit Union in CA & TX - Local Only
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This promotion is similar to a checking account bonus. The 12% for 12...

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4.20% 8-Month CD at Premier America Credit Union in Houston
Premier America Credit Union is advertising a 4.20% APY 8-month certificate. The minimum deposit is $5,000. It's available for both personal and business accounts. This special doesn't seem to be listed at the credit union's website. It was advertised in last Thursday's Houston Chronicle. The ad is available online here.

Premier America CU has branches in Houston and in Southern California, however, this special CD may only be for Houston. The ad only lists one branch in Houston (10001 Westheimer Rd). Membership is open to all those who live, work, worship...

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4.20% 10-Month Liquid CD at Telesis Community CU in California
Telesis Community Credit Union is offering a 4.20% APY 10-month liquid certificate. The minimum deposit is $5,000. It has two liquid features: 1) allows additional deposits (minimum of $100) any time, up to the $100,000 limit, and 2) allows up to two withdrawals during the term (as long as the balance remains above the minimum). The liquid CD is also available in an IRA.

The CD yield isn't the best, but the liquid features are nice in this uncertain rate environment. If rates go up and better deals are found, you...

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