GLENDALE, Calif.–In an indication of the growing competition for long-term deposits, Los Angeles FCU has introduced a three-year certificate paying 3.045% APY. The opening deposit must be between $3,000 to $30,000 and the rate is only good for certificates opened with new money from Oct. 1 to Dec. 31, 2018.
The one exception: members can move existing funds into the certificate if the funds have been on deposit less than 30 days. There is no maximum number of certificates a member can have.