SAN DIEGO–California Coast Credit Union is offering one of the most attractive certificate rates in the country—but it comes with some caveats.
The $3.28-billion credit union is currently offering a five-month “Celebration Certificate” with a 9.50% APY, which is more than four percentage points higher than the national average on that product.
To qualify for the rate, funds must be new and there is a minimum of $500 and a maximum of $3,000. California Coast is also limiting the Celebration Certificate to one per Social Security number.
Additional Requirements
Other requirements include one of the following:
- The member must have an active checking account with eStatements. CCCU defines "active" as having at least one transaction a month, whether that transaction is from direct deposit, checks, ATM transactions, debit card use, bill pay, or other methods.
- Have a money market account, regulator certificate or IRA certificate with a minimum balance of $5,000.
- Have a new, funded consumer loan that isn't a share secured loan, certificate secured loan, or credit card
Members are paid the rate as long as they have one of one of the above criteria within the first 30 days of opening the account. Otherwise, you'll earn 0.10% APY for the remainder of the term.
California Coast CU has more than 200,000 members.
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