San Diego County Credit Union has just made large rate increases on its 4-year and 5-year CDs and IRA CDs. Its Jumbo 5-year CD rate increased from 1.60% to 2.05% APY, and its Jumbo 4-year CD rate increased from 1.20% to 1.80% APY. The Jumbo CDs require a $90,000 minimum deposit. The rates are 5 basis points less for a $10,000 minimum and 10 basis points less for a $2,000 minimum. These rates are listed in the credit union's rates sheet as of 2/3/2014.
Free Checking Account
SDCCU offers a nice free checking account. Its Free Checking with eStatements has no monthly checking fees when you receive eStatements. SDCCU is part of the CO-OP ATM network which allows member to use 30,000 surcharge-free ATMs nationwide.
Credit Union Membership
Credit union membership is open to everyone living or working in San Diego, Riverside and Orange Counties. In addition, people can qualify by joining an association. According to this SDCCU page:
If you don’t live in San Diego, Riverside or Orange County, don’t worry! SDCCU can open your account through the Financial Fitness Association.
- Low, one-time $5 fee
Membership in Financial Fitness Association is open to anyone
- You do not need to keep your membership in the Financial Fitness Association to retain your account with SDCCU
SDCCU has an online application that allows you to join the Financial Fitness Association and the credit union, and you can open the CDs. For more details about joining SDCCU and opening accounts, please refer to the credit union’s "open an account" page.
Credit Union Overview
San Diego County Credit Union branches are located throughout Southern California.
With over $6 billion in assets, SDCCU is one of the largest credit unions in the nation. It has an overall health grade at DepositAccounts.com of an A+ with a Texas Ratio of 2.96% (excellent) based on September 2013 data. Please refer to our financial overview of SDCCU for more details. The credit union is federally insured by the NCUA (Charter # 61004).
How The CD Rate Compares?
The best 5-year CD rate that’s nationally available with no checking requirements is 2.20% APY at CIT Bank. The best 4-year CD rate is 1.86% APY at Melrose Credit Union. Rates are accurate as of 2/3/2014.
Searching for the Best CD and IRA CD Rates
To search for the best nationwide rates and the best rates in your state, please refer to the following sections of DepositAccounts.com: