Last Updated: 04/18/2025
Credit Union of Southern California Minor Certificate
Unaffiliated
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
3.20% - 3.25%(Verified 06/21/2024)
Minimum Opening Deposit
$250
Certificate Term
- 12 months
- 18 months
- 2 years
- 3 years
- 4 years
- 5 years
Credit Union of Southern California Minor Certificate Review
Credit Union of Southern California Minor Certificate are offered by Credit Union of Southern California, a credit union founded in 1954 and based in wHITTIER, CA. Credit Union of Southern California Minor Certificate are available in 50 states and Washington, DC.
Key Takeaways
- Only one CD type available. Credit Union of Southern California Minor Certificate only offers traditional CD accounts.
- Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 3.25%, which is much higher than the national average for a CD account.
- $250 minimum deposit. This is a typical minimum initial deposit for the CDs we track.
- Wide selection of CD terms. Credit Union of Southern California Minor Certificate allows you to create a CD ladder by spreading your cash across certificates with different terms. This combines the benefits of frequent access to funds and higher rates of return on your savings.
Pros & Cons of Credit Union of Southern California Minor Certificate
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Credit Union of Southern California Minor Certificate FAQ
Are CD from Credit Union of Southern California federally insured?
No, your Credit Union of Southern California CD accounts are not insured by a federal insurance agency. This means that if Credit Union of Southern California were to fall into financial difficulties, your deposits are not covered by a government-backed insurance fund like the FDIC or NCUSIF.
What types of CDs does Credit Union of Southern California offer?
Credit Union of Southern California Minor Certificate provides the following types of CDs.- Traditional CDs. These CDs pay a fixed interest rate if you deposit a fixed amount of money for a specific term. Once the maturity date arrives, you have the option of cashing out or automatically renewing the CDs for another term.
What rates does Credit Union of Southern California offer on its CDs?
Credit Union of Southern California Minor Certificate offers an APY starting at 3.20% and ranging up to 3.25%. APY stands for annual percentage yield and shows the interest rate paid by the CD after taking into account compounding. This is higher than the typical interest rate for online-only checking accounts, which is around 1% APY.
What terms does Credit Union of Southern California Minor Certificate offer?
Credit Union of Southern California offers CD terms of the following lengths:| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Certificate Term |
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 12-Month APY | 3.20% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| APY (Annual Percentage Yield) | 3.20% - 3.25% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 2-Year APY | 3.15% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 3-Year APY | 3.10% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 4-Year APY | 3.20% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 5-Year APY | 3.25% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 18-Month APY | 3.30% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What is the minimum deposit to open a CD account with Credit Union of Southern California?
Credit Union of Southern California Minor Certificate require a minimum deposit of $250 to open an account.
What is the grace period for Credit Union of Southern California Minor Certificate?
Credit Union of Southern California Minor Certificate does not specify what their grace period is. A grace period is a period of time during which you can withdraw the money in your CD without paying an early withdrawal penalty. A grace period starts the day after a CD’s maturity date, or the final day a CD is opened. Standard CDs renew automatically at the same term if you don't withdraw your money after the grace period. Note that the new CD rates probably won’t be the same as the original.
What types of fees, such as early withdrawal penalties, does Credit Union of Southern California charge?
Financial institutions don't typically charge many fees on CDs. However, most charge a fee if you choose to withdraw your money before the term ends.
Credit Union of Southern California charges an early withdrawal fee.
Credit Union of Southern California does charge any of the fees we track.
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Hours of Operation
Sunday
Closed
Monday
9:00AM - 5:00PM
Tuesday
9:00AM - 5:00PM
Wednesday
9:00AM - 5:00PM
Thursday
9:00AM - 5:00PM
Friday
9:00AM - 5:00PM
Saturday
9:00AM - 1:00PM