Wescom Credit Union (CA) Adds 13-month CD Special, 2.85% APY

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Deal Summary: 13-month CD Special, 2.85% APY, $500 minimum deposit, new money.

Availability: Residents of seven Southern California counties.

Now through March 31, 2019, Wescom Credit Union (Wescom) is offering a 13-month CD Special, earning 2.85% APY. The minimum deposit is $500 of new money, and the maximum deposit is $250k. New money is defined as “funds not already on deposit with Wescom Credit Union, its divisions, or subsidiaries.”

The 13-month CD Special is also available as an IRA (Traditional and Roth), earning the same 2.85% APY with the same funding requirements.

As part of its 85th Anniversary celebrations, Wescom is also offering a 5-month CD Special (2.34% APY). Unlike the 13-month CD Special, new money is not required.

According to the Certificate Account Disclosure, the Early Withdrawal Penalty reads as follows:

Certificate Terms of 6 months – 23 months, 90 days of dividends

Availability

Headquartered in Pasadena, California, Wescom Credit Union’s field of membership (FOM) is residency based, with individuals who live, work, worship, or attend school in any of the Southern California counties of Los Angeles, Orange, Riverside, San Bernardino, San Diego, Santa Barbara, or Ventura eligible for membership.

Family members (spouse, domestic partner, sibling, parent, child, grandparent, grandchild, aunt, uncle, niece, or nephew) of Wescom members in good standing are also welcome to apply.

Joining Wescom and/or opening a CD can be done online, or at any of 23 California branches located in Anaheim, Corona, Costa Mesa, Culver City, Hawthorne, Irvine, La Habra, Laguna Niguel, Ontario, Orange, Oxnard, Palmdale, Pasadena, Redlands, Riverside, Sherman Oaks, Signal Hill, Simi Valley, Stevenson Ranch, Thousand Oaks, Torrance, Tustin, and West Covina.

Credit Union Overview

Wescom Credit Union has an overall health grade of "B+" at DepositAccounts.com, with a Texas Ratio of 2.34% (excellent) based on September 30, 2018 data. In the past year, Wescom has increased its total non-brokered deposits by $105.27 million, an excellent annual growth rate of 3.84%. Please refer to our financial overview of Wescom Credit Union (NCUA Charter # 66703) for more details.

Wescom Credit Union is currently the tenth largest credit union in California, with more than 193,000 members and assets in excess of $3.8 billion. Established in 1934, the original Telephone Employees Credit Union was founded by 13 Pacific Telephone employees with $65 in pooled funds. The FOM remained exclusive to Pacific Telephone until the mid-1980s when additional SEGs were added. The Wescom rebrand occurred in 1996 to “better reflect the more diverse companies and communities it was serving.”

How the CD Compares

When compared to 293 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available within the FOM, Wescom Credit Union's 13-month CD APYs currently ranks third.

The above rates are accurate as of 2/27/2019.

Looking for the best CD rates, either nationwide or state specific? Please refer to DepositAccounts.com’s CD Rates Table.

Related Pages: Los Angeles CD rates, 1-year CD rates

Comments
10% 7-Month CD ($1K Max) and $50 Direct Deposit Bonus at SoCal CU (Wescom).
Wescom Credit Union is having a grand opening special at its Redlands branch. Through this Sunday (February 3) you can get a 10.00% APY 7-month certificate. Unfortunately, it has a low maximum of $1,000 with a limit of one per member. The minimum deposit is $500. Another promotion being offered is a $50 bonus when you open your first Wescom checking account and sign-up for direct deposit. There's also a promotion for the kids. All special offers are available only at the Redlands branch. See their branch page for location...
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10% 7-Month CD ($1K Max) and $50 Direct Deposit Bonus at SoCal CU (Wescom) - Update
Wescom Credit Union is having a grand opening special at its Corona Valley branch. Through this Sunday (June 17th) you can get a 10.00% APY 7-month certificate. Unfortunately, it has a low maximum of $1,000 with a limit of one per member. The minimum deposit is $500. Another promotion being offered is a $50 bonus when you open your first Wescom checking account and sign-up for direct deposit. There's also a promotion for the kids. All special offers available only at the Corona Valley branch.

With a $1K deposit at 10%...

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10% 7-Month CD ($1K Max) and $50 Direct Deposit Bonus at SoCal CU (Wescom)
Wescom Credit Union is having a grand opening special at its Santa Barbara-Milpas branch. Through this Sunday (April 1st) you can get a 10.00% APY 7-month certificate. Unfortunately, it has a low maximum of $1,000 with a limit of one per member. The minimum deposit is $500.

According to the service rep the CD may require a checking account. Note, the free checking qualifies and it doesn't require direct deposit. You can also get an additional $50 for opening the checking account and adding direct deposit. The first direct deposit must...

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7.00% 7-Month CD at a California CU - $7K Max (Wescom)
Wescom Credit Union is offering a 7.00% APY 7-month certificate of deposit special. The minimum deposit is $500, and the maximum deposit is $7,000. This requires opening a Premium Interest Checking Account. Without this checking account the maximum is only $1,000. This promo is called the "Lucky 7 Savings Certificate" and is being used to promote their new Sunday hours, and thus, it's only being offered for the next four Sundays (2/11, 2/18, 2/25 and 3/4). It's available at all of their branches.

This special is not listed at the Wescom's...

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10% 7-Month CD at a California CU - $1K Max (Wescom). - Update
Wescom Credit Union is having another grand opening special only for this week in which it's offering a 10% APY 7-month certificate. The minimum and maximum deposit is $1,000. Only one CD per member. The offer ends on Saturday, November 4 and is available only at the credit union's Chula Vista branch. A $50 signup bonus for a new checking account with direct deposit is also available. The $15 credit union membership fee will be waived during this week.

Wescom is having a lot of growth. Last August, I had reported...

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