bank rates

L.A. Deal: Top 60-Month CD Rates If You Belong To A Credit Union — Anywhere

E-Central Credit Union p ays 2.27% APY with a $1,000 minimum deposit.If there’s a silver lining to sinking CD rates, it’s that we’re able to find more good CD deals in areas that have traditionally been nearly barren, like Los Angeles.

E-Central Credit Union is paying 2.27% APY for 60-month CDs with a $1,000 minimum deposit.

That’s good enough to beat the top nationally available 60-month CD rate on our CD Rates Leaderboard, which is currently just 2.20% APY.

You have to be a member of E-Central Credit Union (www.ecentralcu.org) to purchase these certificates of deposit.

Membership generally is limited to those who live, work, attend school or worship in the San Gabriel Valley, city of Commerce or one of its neighboring cities. (A long list of these cities is listed under the membership tab on the website.)

But if you belong to another credit union — anywhere — you can also join E-Central. You just have to present proof when mailing in your membership application.

To join, you’ll have to pay a $5 one-time membership fee and deposit at least $25 in a savings account.

Members can buy CDs over the phone, through the mail or in person. E-Central Credit Union has two locations, in Los Angeles and Pasadena.

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

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  1. Kathy at Bankaholic said:
    on November 2nd at 08:08 am

    Looks like E-Central has already dropped this rate to 2.02% APY.