Do you want a 6% or more paid CD? Try 3 credit unions in southern California – San Diego Union -Tribune

While action portfolios are launched by pricing threats, three credit cooperatives in southern California offer a hint of financial balm for those looking for a safe and modestly lucrative yield of their economies.

The trio offers interest rates of 6% compared to short -term deposit certificates, which is a catchy number in a world where something about 4% is a good deal for federal insured savings.

The capture? Well, there are original rules to follow in order to win these high yields. In addition, the maximum deposit sizes are relatively modest.

So why high yields? Well, special rates are a way for credit cooperatives to draw new cases. They know that large banks are now as generous.

But remember, credit cooperatives have membership requirements often linked to where you live, work or pray – so everyone is not eligible. Small membership fees or “donations” can be invoiced.

Here are the three offers:

California Coastal Credit Union: The institution based in San Diego (877-495-1600) has a celebration certificate account, paying an annual rate of 9.5% for five months of savings from $ 500 to $ 3,000. Consumers of the counties of San Diego, Riverside, Orange, Los Angeles, Ventura, Imperial or San Bernardino can apply. To be eligible, the saver must have an active California coastal check account, keep $ 5,000 in another savings account or contract a consumer loan.

Credit Union of Southern California: The institution based in Anaheim (866-287-6225) offers an annual CD rate of 7% for seven months for new members who live, work, frequent school or have religious services in the counties of Los Angeles, Orange, Riverside or San Bernardino. It’s good for savings between $ 1,000 and $ 5,000.

Financial Partners Credit Union: The institution based in Downey (800-950-7328) offers an annual CD rate of 6% for eight months for new members who live in the counties of Los Angeles, Orange, Riverside or San Diego-and South San Francisco or Alameda. It’s good for savings between $ 1,000 and $ 5,000.

If you have a larger sum to invest – and want the bonus rate longer – another local fund has a remarkable affair.

Clearpath Credit Union Offers an annual rate of 5% for 13 months on certificates of $ 5,000 or more. The institution based in North Hollywood (800-433-7328) offers members to workers from a long collection of local businesses. If you are not employed in these places, a donation of $ 5 to the charitable charity of the cash regards.

Jonathan Lansner is the business columnist for Southern California News Group. It can be attached to jlansner@scng.com

Originally published: April 8, 2025 at 11:34 pm PDT