Competitive 22-Month CD Rate at Redwood Credit Union in CA - Local Only


0.10*%$1k-Redwood Credit Union22 - 25 Month CD
Accounts mentioned in this post. Rates as of October 24, 2016.

Redwood Credit Union has some competitive rates on its CDs with terms of 22 to 25 months. The rates range from 2.10% APY for a $1K minimum deposit to 2.30% APY for a $100K minimum. These same rates are also available in an IRA. These rates are listed at the credit union's rates page as of the morning of 5/14/2010.

Membership is open to anyone living or working in the following Northern Bay Area counties of California: Sonoma, Marin, Mendocino, Lake, Napa, San Francisco, Contra Costa and Solano. Please refer to the credit union's about page for the full details.

Redwood Credit Union's financial health has improved over the last year. According to this article:

Redwood Credit Union earned $1 million in first quarter, a significant improvement compared to a year ago, when it lost millions of dollars during the global financial collapse.

Its ratings for safety and soundness are a little weak: 3 stars (adequate) at BauerFinancial, 2 stars (below peer group) at and an overall health score of 4 out of 5 at (see our Redwood CU rates and reviews page). The credit union is federally insured by the NCUA (Charter # 60793).

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Anonymous   |     |   Comment #1
I would avoid them,  Have been member for years.  This january had low activity savings account they added a sevice charge.  I said will pull acoount and they reversed it,


Ron (anonymous)   |     |   Comment #2
Called them today (Lisa) to inquire about 22 mo CD...2.30% APY rate requires an ACTIVE checking account otherwise rate drops to 1.95% APY.  Checking account will be reviewed perodically for activity (checks, debit card usage and/or direct deposit) and if not, then CD will be adjusted downward 0.35%.  
5.56% 12-Month CD at a California CU (Redwood)
Redwood Credit Union is offering a 5.56% APY 12-month certficate. The minimum deposit is $1,000. This yield requires that you have an active checking account. Without this, the rate is 0.25% lower.

Field of membership includes those who live or work in any of the California counties of Sonoma, Marin, Mendocino, Lake, Napa, San Francisco, Contra Costa or Solano. You can also be eligible via select employer groups and via family. Membership requires a one-time fee of $10 and a minimum deposit of $5 into your share savings account.

The credit union...

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