5.50% 14-Month CD Continues at Universal City Studios Credit Union in California.

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Update 12/29/07: This 5.50% CD special is no longer listed at the credit union's website.

Universal City Studios Credit Union is still offering a special 5.50% APY 14-month share certificate (see rate table). The minimum deposit is $50,000. A yield of 5.20% APY is available for a $500 minimum. I had first reported on this CD on November 6th. There are also other good CD deals such as a 5.51% APY 24-month IRA certificate.

In addition to current and retired employees of Universal Studios, membership is open to anyone who lives, works, worships or attends school in the San Fernando Valley or West Los Angeles Corridor. Please refer to the credit union's Join Us page for more details. Membership requires a $1 fee and a minimum deposit of $5 into your savings account.

Branches are located in Universal City and Burbank, CA. The credit union is federally insured by the NCUA (Charter # 64893). It has $68.6 million in assets and 8,858 members.
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5.50% 14-Month CD at a California CU (Universal City Studios)
Universal City Studios Credit Union is offering a special 5.50% APY 14-month share certificate (see pdf rate table). The minimum deposit is $50,000. A yield of 5.20% APY is available for a $500 minimum. This special CD has a rate bump feature, but with the declining rates, I doubt this will be useful. There's also a 24-month IRA certificate with a yield of 5.51% APY with a minimum deposit of $50K. The yield is 5.25% APY for a $500 minimum.

In addition to current and retired employees of Universal Studios, membership...

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