Southland Credit Union (CA) 5-Year Jumbo CD Earns 3.15% APY


Deal Summary: 5-year Jumbo Share Certificate, 3.15% APY, $100k minimum; 5-year Share Certificate, 3.00% APY, $1k minimum.

Availability: Residents of Orange and Los Angeles Counties, California.

Southland Credit Union’s (Southland) 5-year Jumbo Share Certificate has been earning 3.15% APY for about eight months. I thought the rate might drop at the beginning of September, but it’s still in effect. The minimum opening deposit is $100k, with no stated balance cap. Southland also offers a 5-year Share Certificate (3.00% APY), which only requires a $1k minimum deposit.

3.40%$100k-Southland Credit Union5 Year Jumbo IRA (Traditional, Roth, SEP)
3.40%$100k-Southland Credit Union5 Year Jumbo Share CD
3.30%$1k-Southland Credit Union5 Year IRA (Traditional, Roth, SEP)
3.30%$1k-Southland Credit Union5 Year Share CD
Rates as of June 9, 2023.

The Share and Jumbo Share Certificates are also offered as IRAs (Traditional, Roth, SEP), earning the same APYs with the same funding requirements.

According to CSR, partial withdrawals are allowed. The Early Withdrawal Penalty for terms greater than one year is 180 days of interest, and 90 days interest for terms of one year or less. Dividends are paid monthly and can be withdrawn before maturity.

Funding can be done by ACH, wire, or check. Maturing funds can be distributed by cashier’s check or transferred into another Southland account. There is a 10-day grace period before the Certificate automatically renews.


Headquartered in Los Alamitos, California, Southland Credit Union’s field of membership (FOM) is residency-based, with individuals who live, work, worship, or attend school in Orange or Los Angeles Counties eligible to join.

Individuals who are “associated” with more than 900 businesses, organizations, associations, and government agencies also qualify for membership.

Family members of current Southland members are also welcome to apply.

Joining Southland can be done online, or at any of eight Southern California branches located in Carson, Downey, Garden Grove, Los Alamitos, Los Angeles, Long Beach, and Santa Monica (2).

A Primary Share Savings account is a requirement for membership with Southland and can be opened with as little as $25.

Southland’s online application lists almost everything in its product line, but the Jumbo Share Certificates are missing, with only the Share Certificates (APYs 15 bps lower and $1k minimum deposit) appearing. When I pointed this out to CSR, she suggested this work-around: when opening a membership, fund the Primary Share Savings account with the deposit for the Jumbo Share Certificate, then call Southland (800.426.1917) and open the Jumbo Share Certificate over the phone.

Southland participates in the CO-OP Shared Branch and ATM networks.

Banking with Southland Credit Union offers you local branches and ATMs in Los Angeles County and Orange County combined with the convenience of the nationwide CO-OP Network.

Credit Union Overview

Southland Credit Union has an overall health grade of "A" at, with a Texas Ratio of 2.08% (excellent) based on June 30, 2019 data. In the past year, Southland has increased its total non-brokered deposits by $6.12 million, an above average annual growth rate of 0.94%. Please refer to our financial overview of Southland Credit Union (NCUA Charter # 68415) for more details.

Founded in 1936, Southland Credit Union originally served the employees of the Los Angeles County Flood Control District. In its 83-year history, Southland has had three charter changes, four names changes, 12 credit union mergers and one bank acquisition. Southland is currently California’s 60st largest credit union, with more than 60,300 members and assets in excess of $810 million.

How the Jumbo Share Certificate Compares

When compared to 253 similar length-of-term CDs tracked by that are available within the FOM, Southland Credit Union's 5-year Jumbo Share Certificate APY currently ranks second, regardless of minimum deposit requirements.

How the Share Certificate Compares

When compared to 240 similar length-of-term CDs tracked by that require a similar minimum deposit and are available within the FOM, Southland Credit Union's 5-year Jumbo Share Certificate APY currently ranks second.

The above rates are accurate as of 9/5/2019.

To look for the best CD rates, both nationwide and state specific, please refer to our CD Rates Table.

Related Pages: Los Angeles CD rates, 5-year CD rates

$175 Checking Bonus Replaces Reward Checking Rates at Southland Credit Union in SoCal

Southland Credit Union in Southern California is advertising that you can earn up to $175 with its Cash Rewards Checking. What’s interesting about this checking account bonus is that the qualifications look a lot like high-yield reward checking qualifications. Southland used to offer a high-yield reward checking account called Super Checking. Back in 2007 it had a 5.25% APY on all balances if monthly requirements were met. That account is no longer available. Existing customers who still have this account earn a qualifying rate of only 0.05%. This new Cash...

Continue Reading
2.00% Reward Checking Account at a California CU (Southland)
Update 6/07/09: The top yield has fallen to 2.00% APY. Refer to the bottom of the post for the rate history.

Southland Credit Union is offering a reward checking account it calls Super Checking that offers 2.00% APY on balances up to $50,000 and up to $20/month ATM fee reimbursements if the typical reward checking requirements are met: 1) 10 check card transactions per month, 2) make one ePay, or ACH credit or debit transaction per month from your Super Checking Account, and 3) receive eStatements. If these requirements are not...

Continue Reading
4.25% 7-Month CD at a California CU - with liquid option (Southland).
Update 3/8/08: The special CD yield has fallen again. Please check the credit union's website for the latest rate.
Update 2/23/08: The 7-month CD special rate has fallen from 4.75% to 4.25% APY. The title has been modified to reflect this change.

Southland Credit Union is offering a special 4.75% APY 7-month certificate. The minimum deposit is $500. It has the following liquid features: two penalty-free withdrawals during the term and deposit $100 or more any time during the term. It's also availabe in an IRA.

The credit union also offers a reward...

Continue Reading
5.50% 10-Month CD at a California CU
Southland Credit Union is offering a 5.50% APY 10-month certificate of deposit. The minimum deposit requirement is $1K.

The credit union's field of membership includes residents of several areas around Los Angeles, California. These areas include Orange County, Downey, Santa Fe Springs, La Habra Heights, La Mirada, Norwalk, Artesia, Cerritos, Bellflower, Lakewood, Hawaiian Gardens, Paramount, Long Beach, and Signal Hill.

Southland has branches in Downey, Los Alamitos and Los Angeles.

Continue Reading

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.