For a limited time, Golden 1 Credit Union (Golden 1) is offering a 14-month Jumbo CD Special earning 2.25% APY. The minimum opening deposit is $50k of new money, which is defined as “funds not on deposit at Golden 1 in the 30 days prior to the certificate account opening.”
The 14-month Jumbo CD Special is also available as an IRA (Traditional, Roth, CESA), earning the same APY with the same funding requirements.
As stated in Golden 1's Disclosure of Account Information, the Early Withdrawal Penalty reads as follows:
If your account has an original maturity of 12 months through 23 months, the penalty we
may impose will equal 180 days’ dividends on the amount withdrawn subject to penalty.
Since I last wrote about Golden 1 Credit Union, its field of membership (FOM) has narrowed and Golden 1 is no longer an “easy membership requirement” credit union. The new FOM is primarily community-based, with individuals who live or regularly work anywhere in California eligible for join.
Employees/members of more than 900 SEGs (listed on the first page of the online application) also qualify for membership.
According to the online application, family members and the registered domestic partner of current Golden 1 members are welcome to apply.
Golden 1’s Regular Savings Account requires just a minimum opening
deposit of only $1 and establishes you as a member of Golden 1.
Golden 1 participates in both the CO-OP Shared Branch and ATM networks.
Credit Union Overview
Golden 1 Credit Union has an overall health grade of "A+" at DepositAccounts.com, with a Texas Ratio of 2.17% (excellent), based on September 30, 2019 data. In the past year, Golden 1 has increased its total non-brokered deposits by $569.76 million, an excellent annual growth rate of 5.38%. Please refer to our financial overview of Golden 1 Credit Union (FICU Charter # 65610) for more details.
Founded by a group of California state employees in 1933, Golden 1 Credit Union is currently California's third largest credit. With more than $12.8 billion in assets and more than 1,000,000 members, Golden 1 is also the seventh largest credit union in the U.S.
How the Jumbo CD Special Compares
When compared to the similar length-of-term CDs tracked by DepositAccounts.com that are available to all California residents, Golden 1 Credit Union’s 14-month Jumbo CD Special APY currently ranks second, regardless of minimum deposit requirements.
|Interest Rate||CD Length of Term||Credit Union/Bank|
|2.55% APY||14-Month CD ($200 min)||INOVA Federal Credit Union|
|2.25% APY||14-Month Jumbo CD Special ($50k min)||Golden 1 Credit Union|
|2.20% APY||1-Year CD ($1k min)||ableBanking|
The above rates are accurate as of 2/7/2020.
To look for the best CD rates, either nationwide and state specific, please refer to our CD Rates Table page.