Yolo Federal Credit Union (CA) Adds 6.00% APY 6-Month CD Special


Deal Summary: 6-month CD Special, 6.00% APY, $500 minimum deposit, new money.

Availability: Four Central California counties.

Yolo Federal Credit Union (Yolo Federal) is currently offering a rate-leading 6-month CD Special. Earning 6.00% APY, a 6-month CD Special can be opened with a $500 minimum deposit of new money, which is defined as “not money currently on deposit with Yolo FCU.”

6.00%$500-Yolo Federal Credit Union6 Month CD Special - New Money
Rates as of December 1, 2023.

Early Withdrawal Penalty

There is no Truth-in-Savings disclosure available on the Yolo Federal website. CSR stated the Early Withdrawal Penalty for the 6-month CD Special is the lesser of 90 days dividends or all earned dividends. Partial withdrawals are permitted and the principal is protected.


Headquartered in Woodland, California, Yolo Federal Credit Union’s field of membership (FOM) is community-based, with individuals who live, work, worship, or attend school in the central California counties of El Dorado, Placer, Sacramento, or Yolo eligible for membership.

While YOLO is internet slang for “you only live once,” that has no relationship to Yolo County, which was one of the original 27 counties created in 1850 when California gained statehood. The original spelling was “Yola”, but became known as Yolo, which itself is a corruption of a Patwin Native American tribal name, “Yo-loy.”

Account Opening

Joining Yolo Federal and/or opening a 6-month CD Special can only be done at any of the five full-service California branches located in Davis, West Sacramento, Winters, and Woodland (2). CSR stressed that filling out a membership application or opening a CD Special requires an appointment, which can be scheduled online.

A minimum $1 deposit in a Regular Savings account establishes a Yolo Federal membership. A minimum $100 balance is required to avoid a $5 monthly fee.

The fee may be waived if you are:

  • Younger than 23 years old
  • Receive a direct deposit each month
  • Have a loan or deposit account with us that is greater than $5,000

Funding and Other Details

The following information is from a conversation with CSR.

  • Funding – ACH, wire, check, or internal transfer.
  • Ownership – Individual, joint, or trust.
  • CO-OP Shared Branch Participant – No.
  • Dividends – Compounded/credited monthly, but cannot be withdrawn penalty free.
  • Maturing Funds – Cashier’s check or internal transfer to Regular Savings account.
  • Beneficiaries – Unlimited; percentages can be assigned; Social Security numbers required.
  • Grace Period – 15 business days before automatic renewal.
  • Credit Check – Hard pull through Experian when joining.

Credit Union Overview

Yolo Federal Credit Union has an overall health grade of "B+" at DepositAccounts.com, with a Texas Ratio of 2.41% (excellent), based on June 30, 2023 data. In the past year, Yolo Federal’s total non-brokered deposits have decreased by -$17.16 million, a below average annual growth rate of -4.55%. Please refer to our financial overview of Yolo Federal Credit Union (NCUA Charter # 9293) for more details.

Opening its doors in 1954, Yolo Federal Credit Union was originally known as the Yolo County Employee Federal Credit Union. The founding members were Yolo County Sheriff Department employees who “banded together to help their colleagues buy the equipment they needed for work.” The FOM eventually expanded to included all the residents of Yolo County, with a multi-county FOM adopted earlier this year. According to a CU Times January 2023 article,

Yolo Federal Credit Union, headquartered in Woodland, Calif., has served members just west of Sacramento in Yolo County since 1954. On Wednesday, the credit union ($418 million in assets, 21,331 members) announced it received approval from the NCUA to expand its field of membership well beyond Yolo County, adding a potential membership base of more than 2.1 million people.

With help from the credit union consulting firm Dollar Associates, LLC, Yolo worked for nearly five months to secure the FOM expansion to El Dorado, Placer and Sacramento Counties. According to the U.S. Census Bureau, the population of the three counties combined is 2,106,521. This includes the entire Sacramento metro area.

How the 6-Month CD Special Compares

When compared to similar length-of-term CDs tracked by DepositAccounts.com that are available within the FOM and have minimum deposit requirements of $10k or less, no banks or credit unions have higher rates than currently offered on the Yolo Federal Credit Union 6-month CD Special. The following table compares the 6-month CD Special to the two highest-rate CDs from other credit unions and the two highest-rate CDs from banks.

APYCD Term (Early Withdrawal Penalty)Credit Union/Bank
6.00%6-Month CD Special (EWP=lesser of 90 days or all earned dividends)Yolo Federal Credit Union
5.75%9-Month Online CD (EWP=90 days)Forbright Bank
5.75%9-Month CD Special (EWP=90 days)BluPeak Credit Union
5.75%7-Month Share Certificate Special (EWP=30 days)Interior Federal Credit Union
5.75%7-Month CD Special (EWP=90 days) Presidential Bank

The above information and rates are accurate as of 11/11/2023.

To search for the best CD rates, both nationwide and state specific, please refer to our CD rates table page.

Related Pages: Sacramento CD rates, 1-year CD rates

  |     |   Comment #1
Crap! I FINALLY find one of these obscure regional-only deals that I actually qualify for - and it's for a whopping 6 months CD... not even worth the effort :-(

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