bank rates

National Deal: 29-Month CD Pays Up To 2%

blue first place ribbonSan Diego County Credit Union is offering an attractive 29-month CD available to savers nationwide as part of its Member Appreciation Week.

Appreciation Week began Monday and ends Saturday. It’s not clear whether the promotion will continue beyond this week.

UPDATE 9/2/14: San Diego County Credit Union has extended this offer; no new expiration date is currently listed.

This CD special pays 2% APY for members having an “active” SDCCU checking account. Without active checking, it pays a more modest – but nevertheless impressive – 1.74% APY.

A checking account will be considered “active,” according to the credit union’s website (, when at least two of the following criteria are completed within the same calendar month:

  • Two consecutive direct deposits of at least $250 (one may have been in the immediately preceding month).
  • Three posted bill pay transactions.
  • Five debit card transactions.

To earn the 2% APY, the checking account must be validated as active during the first 90 calendar days following the CD’s opening. According to the website, if this occurs, the “rate and corresponding APY will be in effect for the remainder of the term.”

Otherwise, the APY is 1.74% throughout the term.

The minimum deposit is $2,000. A savings account, with a $1 minimum balance, is also required.

The promotion is not available for IRA accounts.

Both the 1.74% and the 2% APYs are substantially higher than the highest rate for 24-month bank CDs shown on our CD Rates Leaderboard, currently 1.26% APY.

Chart comparing top and average CD rates

Savers may apply for membership in SDCCU and open a CD either at one of the credit union’s 34 branch locations in Southern California or by phone (877-732-2848). It appears this CD cannot be opened online.

Membership is open to anyone living or working in San Diego, Riverside or Orange County, California; to members of selected employer groups; and to immediate family and household members of SDCCU members.

It’s also open to any member of the Financial Fitness Association. Savers nationwide can join this Association upon payment of a one-time $5 fee.

An NCUA-insured, state-chartered credit union, SDCCU has total deposits of approximately $5.6 billion and carries a 4-Star Bankrate Safe & Sound rating.

Remember: An application may involve a “hard” credit pull.

My SDCCU online membership application was sidetracked recently when my credit report showed multiple addresses for me.

I was told that this discrepancy required that I apply in person, ID in hand, or else mail in a notarized application with the ID.

So I let the application lapse.

But I may revive it now.

Who knows?

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Comments (3)
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3 Existing Comments
  1. Charles Rechlin said:
    on August 27th at 03:53 pm

    It appears that the SDCCU 29-month CD is now being made available for IRA accounts. The original description of the deal on SDCCU’s website said that it was not available for IRAs.

  2. Laura Beraha said:
    on August 28th at 02:44 pm

    Hi, Charles
    Just for your information, the 2.25% 49-month CD is still offered [offer expires 8/31/14] by NASA FCU. The TISA you wrote you could not find [July 9, 2014 06:00 AM] can be located It includes information on penalties for early withdrawal of funds.
    I thought you’d be interested to know.

  3. Mike Cetera said:
    on August 28th at 03:24 pm

    Laura: I thought you’d like to see the follow-up post Charles wrote to his original piece on NASA FCU’s missing TISA documents. You can find it here: