bank rates

L.A. Deal On 13-Month CD Rates

Hand pressing buttons on a calculatorLos Angeles Federal Credit Union has special 13-month CD rates for its 50,000 Southern California members.

It pays 1.30% APY with a $1,000 minimum deposit of new money.

That beats the top nationally available 12-month offer on our CD Rates Leaderboard by a fifth of a percentage point.

But in addition to the stipulation that funds can’t already be on deposit at the credit union, you can also only deposit a maximum of $25,000.

You have to be a member of Los Angeles Federal Credit Union to purchase these special certificates of deposit.

But anyone in Southern California can become a member by donating $1 to the Los Angeles Charitable Association, which the credit union founded in 2006 to support charities in the greater Los Angeles area.

Membership in the credit union requires a $5 membership fee and a $5 deposit in a share savings account.

Members can buy CDs over the phone or in person at a branch.

There are six branches in Culver City, El Monte, Gardena, Glendale, Los Angeles and Van Nuys.

Learn more about Los Angeles Federal Credit Union at www.lafcu.org, or call 213-484-8640 or 818-242-8640.

See how these returns compare with the best CD rates from scores of banks in our extensive database.

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