Another credit union with easy membership with competitive long term CD rates is USA Federal Credit Union. The best rate is 5.64% APY for a 60-month term and a minimum $100K deposit. The APY for a $1K minimum is 5.38% APY. Rates go down slightly for shorter terms. Similar rates are available for Individual Retirement Accounts. The early withdrawal penalty for CDs with terms over one year is 180 days of interest (see account disclosure). Last year the credit union had a really good 6.01% 48-month CD special (see post).
The field of membership allows eligibility for those who are members of the Prime Meridian Association. People can join this association with a $10 membership fee. An application can be requested from the credit union and can be included with the credit union application. Membership into the credit union requires a $5 membership fee and a minimum opening savings deposit of $5.
Branches are located in San Diego and Riverside County, California and in Las Vegas, Nevada. It also has overseas branches in Japan and Korea. The credit union is part of CU Service Centers network. Cash and check deposits can be made into your savings or checking accounts through these shared branches. CDs can then be opened by phone and funded by transfering the money from the checking or savings into the CD.
The credit union is federally insured by the NCUA (Chareter # 9005). It has $695.6 million in assets and 58,117 members.