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5.75% 12-Month / 5.50% 6-Month CD at a California/Nevada CU (1st United Services)


1st United Services continues to offer a high yield on its 12-month jumbo share certificate. It has an APY of 5.75%. The minimum deposit is $100K. It has an add-on feature which allows you to add funds at any time during the term. It also has a bump feature and a one-time penalty-free withdrawal feature. However, the penalty-free withdrawal is only on the interest.

This rate is down from my last report in October, but it remains very competitive in the current interest rate environment. The credit union also has competitive rates on CDs with smaller balance requirements. These include a 5.50% APY 6-Month CD with a $2K minimum and a 5.25% APY CD with terms from 12 to 24 months for a $1K minimum.

The field of membership includes anyone who lives, regularly works, attends school, or worships in the California counties of Alameda, Contra Costa or Kings. There also many employers in their select employers group in which you can be eligible to join including the US Armed Forces in Nevada. See site for details.

Branches are lcoated in the California cities of Haywood, Fremont, Berkeley, Oakland, Pleasanton, San Leandro, Rodeo, Alameda, Pittsburg, Lemoore and Union City and in the Nevada city of Fallon.

The credit union is federally insured by the NCUA. It has $669 million in assets and 57,554 members.

Bozo (anonymous)   |     |   Comment #1
Some additional information on the 5.60/5.75 12 month $100K CD.

The website was a little vague on whether one could receive monthly interest/dividend checks. I called the CSR and she confirmed that monthly interest checks were an option.

This is a pretty good deal for those who qualify to join the CU (luckily, I do). As yet, you can't open a CD online.

Banking Guy, thanks for reminding us of this. My CD at World matures in about a month and looks like it'll be movin' on down the road to Pleasanton. Last month, I moved another CD from World to First Republic. World seems to lost its edge these days.


Banking Guy
Banking Guy (anonymous)   |     |   Comment #2
Bozo, Thanks for the info. Please keep us updated if you do join that CU.