Higher Long-Term CD Rates at Stanford FCU in CA - Easy Membership

POSTED ON BY

APYMINMAXINSTITUTIONPRODUCTDETAILS
2.27*%$100k-Stanford Federal Credit Union60 Month Premium CD - Partner Relationship
2.07*%$100k-Stanford Federal Credit Union60 Month CD
1.87*%$100k-Stanford Federal Credit Union48 Month Premium CD - Partner Relationship
1.66*%$100k-Stanford Federal Credit Union48 Month CD
Accounts mentioned in this post. Rates as of July 29, 2016.

Here’s another case of higher long-term CD rates. We have been seeing a few of these in the last month as Treasury yields have been rising. This case is at Stanford Federal Credit Union. Its 4-year and 5-year certificate rates increased on July 1st. The 5-year Jumbo Premium Certificate Rate went up from 2.07% to 2.22% APY, and the 4-year Jumbo Premium Certificate Rate went up from 1.56% to 1.71% APY. Minimum deposit is $100,000. Rates are lower for smaller deposits. These "Premium Certificate Rates" require that the members either have a current loan or a checking account with a monthly direct deposit of $500. The non-premium rates also went up and are now competitive. These include a 1.92% APY for a Jumbo 5-year CD and a 1.41% APY for a Jumbo 4-year CD. These rates are listed in the credit union's certificates page as of 7/2/2013.

Last year Stanford FCU increased the early withdrawal penalty on its long-term CDs. According to the small print at the bottom of the certificates page:

The penalty for Certificate of initial term less than one year will be equal to ninety (90) days of dividends. The penalty for Certificates of one year or greater will be equal to one hundred eighty (180) days of dividends. The penalty for Certificates of four years or greater will be equal to three hundred sixty five (365) days of dividends.

The penalty for terms of 4 years and above used to be just 180 days of dividends. It's now 365 days of dividends.

In addition to the Premium certificate rates, a member can qualify for the Premier Health Savings Account with the checking account and direct deposit. The Premier HSA has a 1.51% APY as of 7/2/2013.

Stanford FCU does have some nice checking account features which can make it easier to maintain the Premium rates. This Stanford checking comparison page summarizes the checking account features. The eChecking has no monthly service fee. Credit union members have access to surcharge-free ATMs at CO-OP and Allpoint Networks. Also, they have access to the shared branch network.

You can also earn more money with Stanford's refer-a-friend bonus. I have more details in my Stanford FCU bonus review.

Membership

Anyone can join Stanford FCU. According to the credit union's page Who Can Bank at Stanford:

If you do not fall within our regular field of membership, you can join the Museum of American Heritage (MOAH) or Friends of Palo Alto Libraries (FOPAL) in order to become a member of Stanford Federal Credit Union.

Credit union membership requires a minimum $50 balance in an account. Accounts can be opened online, but they require that you mail in your check and copies of your ID. Please refer to this Stanford FCU page for more details.

Credit Union Overview

Stanford Federal Credit Union branches are located in Stanford and Palo Alto, California. The credit union is also a member of CU Service Centers which allows you to perform many transactions at branches of other credit unions which are part of the network.

The credit union has an overall health score at DepositAccounts.com of 4 stars (out of 5) with a Texas Ratio of 8.07% (above average) based on March 2013 data. Please refer to our financial overview of Stanford FCU for more details. The credit union is federally insured by the NCUA (Charter # 13392).

How This CD Rate Compares

This Stanford FCU Premium Jumbo 5-year CD rate is the highest that’s nationally available. Without a checking account requirement, the highest is rate is 1.96% APY at Melrose Credit Union. This rate is accurate as of 7/2/2013.

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.

Comments
Shorebreak
Shorebreak   |     |   Comment #1
It would be nice to be able to afford a home where the branches are located. Now that would be a real "Premium". Thanks for this rate update Ken.
Anonymous
Anonymous   |     |   Comment #2
Hi Ken, could you write a review about Mango Money? It provides 6% APY, which is higher than most reward checking accounts, though it has $5,000 cap and difficulties transferring money in and out...
KenBDG
KenBDG   |     |   Comment #3
@anonymous #2. I have a brief review of Mango Money in this blog post. It also reviews NetSpend.
Anonymous
Anonymous   |     |   Comment #4
@Ken Thanks very much!
Top Long-Term CD Rates at Stanford FCU in CA - Easy Membership

Stanford Federal Credit Union has competitive rates on its 4-year and 5-year certificates. There's one important catch, however. These are the "Premium Certificate Rates" which require that the members either have a current loan or a checking account with a monthly direct deposit of $500. If the member meets this qualification, the 5-year CD has a 2.12% APY and the 4-year CD has a 1.66% APY. This requires a $100K minimum deposit. Lower rates are available for smaller balances. These rates are listed in the credit union's certificates page as...

Continue Reading
Stanford Federal Credit Union's Beat the Rate Program for CDs

Some credit unions and banks have a rates match program in which they will match or exceed the rate of the same product at other banks or credit unions. Stanford Federal Credit Union is one of the institutions that has such a program. It's called the ‘Beat the Rate’ Program. Members with a Stanford FCU checking account and a monthly direct deposit of $500 or more to checking will receive a 0.10% rate bonus above the competition. A reader had a good idea about how to put this to work....

Continue Reading
Top 24-Month CD Rates and HSA Rates at Stanford FCU in CA - Easy Membership

Stanford Federal Credit Union continues to offer a few competitive CD and IRA CD rates. The best is the 2-year CD with yields that range from 2.22% APY for a $1K minimum to 2.43% APY for a $100K minimum. Other competitive ones include an 18-month CD with a top rate of 1.92% APY and a 3-year CD with a top rate of 2.48% APY. IRA CD rates are even higher with top 24-month CD rate of 2.84% APY. These rates are listed in the credit union's rates page as of...

Continue Reading
Competitive CD & IRA CD Rates at Stanford FCU in CA - Easy Membership

Stanford Federal Credit Union is offering a few competitive share certificate rates. The best is the 2-year CD with yields that range from 2.22% APY for a $1K minimum to 2.43% APY for a $100K minimum. Other competitive ones include an 18-month CD with a top rate of 1.92% APY and a 3-year CD with a top rate of 2.48% APY.

IRA CD rates are even higher with top 24-month CD rate of 2.84% APY.

There's also a step-up 25-month CD with rates a little lower than the 24-month CDs. Another...



Continue Reading
4.95% 7-Month CD at a California CU
The Stanford Federal Credit Union is offering a 4.954% 7-Month Liquid Certificate. The CD has a $10K minimum deposit and is for new money only. Maximum deposit limit is $500K. The liquid feature allows you to withdraw funds as often as you want without penalty. However, balances under $10K will cause the account to be closed with a $100 early closure fee.

The credit union's field of membership includes the Stanford Community and employees and members of several organizations.

The credit union has 4 branches in Palo Alto and Stanford, California. It...



Continue Reading