10% 12-Month CD at a California CU - $1K Max (Ventura County)

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Ventura County Credit Union is offering a special called the TGI Tuesday Certificate. It's a 10% APY 12-month certificate with a $25 minimum and a $1,000 maximum deposit. The deposit must be money new to the credit union. The offer ends on July 31, 2007.

Due to the low deposit cap, this special isn't as good as the last CD special I reported on from this credit union in March which had a $15K deposit cap with a 7.70% APY and a 7-month term. At least this new one doesn't seem to require a checking account or direct deposit. Over a year you'll earn about $50 over what the $1K would earn in a 5% account.

Field of membership includes those who live, work or attend school in Ventura or Santa Barbara Counties. There are also several select employee groups through which you can be eligible. A one-time $10 membership fee and a $5 opening balance in the share savings account is required for membership. The membership fee is waived for those over 50. I was told by the CSR in March that there's no hard credit pull for joining and opening accounts.

The credit union is federally insured by the NCUA insured. It has $440.6 million in assets and 46,396 members.

Thanks to the reader who emailed me the info on this special.
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