<< Back to all Blogs
Login or Create your own free blog
Layout:
Home > 7% New Member Special Certificate

7% New Member Special Certificate

April 3rd, 2008 at 06:26 pm

I found a newspaper ad showing 7% 12 months certificate for new member of Patelco Credit Union. I checked their location and they're all over in California, and one in Chicago. So, my fellow Californians, if you have $1,000 to spare for 12 months, this is a good deal.

http://www.patelco.org/default.aspx

Website says:
7% New Member Special Certificate.
- 12-month term
- $1,000 maximum
- $1,000 minimum opening balance.
- Available for new members only.

* The Dividend Rates and Annual Percentage Yield are effective as of June 4, 2007, and are subject to change at any time. Minimum deposit $1,000, maximum deposit $1,000. Rate is 6.785%. Term is 12 months. At maturity the certificate will renew at Patelco's current yield for a regular 12-23 month share certificate. Penalty for early withdrawal. Available for a limited time. Funds deposited to this account must come from an institution other than Patelco. Account available to new members only-must open a new membership. One certificate per member.

It is also offering $50 for opening a checking account with direct deposit.



Posted in Uncategorized | 8 Comments »

8 Responses to “7% New Member Special Certificate”

  1. Broken Arrow Says:
    April 3rd, 2008 at 06:40 pm 1207248048
    1207248048

    I'm not in Cali, but that IS a good deal!

  2. gruntina Says:
    April 3rd, 2008 at 07:14 pm 1207250053
    1207250053

    It is a good deal even though you can not put more than 1000 dollars. min and max is same amount which is too bad.

  3. gruntina Says:
    April 3rd, 2008 at 07:29 pm 1207250947
    1207250947

    Forgot to add... I been a memeber of Patelco CU for several years so bummer!

  4. 76Chick Says:
    April 3rd, 2008 at 07:34 pm 1207251267
    1207251267

    Wow. Sure it's not a mistake? That's high... I work for a Bank... and I work a major (national) Bank, and I think our 12 mo CD is just abt 5 right now... If it's not a mistake - take advantage, people!! =)

  5. monkeymama Says:
    April 3rd, 2008 at 07:43 pm 1207251815
    1207251815

    OF course. Banks often offer promos like this to get new customers.

    Likewise, I generally ignore them because I don't want to keep track of my money and move it every few months.

    But I am thinking that this may be worth it. Good deal. (I am thinking this is where I will stick my economic stimulus rebate. !!)

  6. Maismom Says:
    April 3rd, 2008 at 07:57 pm 1207252663
    1207252663

    Monkeymama,
    That's a good idea about stimulus rebate. I doesn't say one per household, so I wonder if I can open an account for both DH and I.

  7. monkeymama Says:
    April 4th, 2008 at 06:12 pm 1207332723
    1207332723

    I would guess not, but you could try. Big Grin
    I hesitate because we won't get our rebate untl June and am feeling cash poor. I don't think we need to tie up $1k in a CD for the next 3 months. But it sure is tempting.

  8. gruntina Says:
    April 4th, 2008 at 07:20 pm 1207336824
    1207336824

    Its a good rate but keep in mind you can not put less than 1000 dollars nor can you add more to it. It just only for 1000 dollars.

Leave a Reply

(Note: If you were logged in, we could automatically fill in these fields for you.)
*
Will not be published.
   

* Please spell out the number 4.  [ Why? ]

vB Code: You can use these tags: [b] [i] [u] [url] [email]