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Credit Union CD Rates – 5-Year – Modesto, California 2020

Below are 5 year CD Rates from credit unions that are located in Modesto, California. Five Year Certificates of Deposit (CD) are generally the longest term CD that most credit unions will offer. They tend to offer the highest rates but require the longest commitment. Five year CDs are especially popular in a declining interest rate environment as depositors can lock money in at the highest rate possible for the longest period of time. They are also popular with depositors who are willing to lock up money for five years in return for extra yield.

Modesto, CA - February 24, 2020

5 Year CD National Average : 1.43% ?

Advertiser Disclosure
Credit Unions APY MIN MILES ?
Sponsored Advertiser Disclosure
3.40% $75,000 6656.95
3.00% $1,000 6961.76
2.90% $1,000 6656.95
F & A
Restrictions
2.74% $1,000 6690.06
American Airlines
Restrictions
2.68% $10,000 6665.99
Thinkwise
Restrictions
2.65% $500 6648.64
Excite
Restrictions
2.65% $500 6954.23
Wings Financial
Restrictions
2.58% $100,000 6698.20
Sun Community
Restrictions
2.58% $100,000 6530.70
First Imperial
Restrictions
2.55% $100,000 6534.32
San Mateo
Restrictions
2.55% $1,000 6976.96
2.53% $500 6920.66
Sun Community
Restrictions
2.53% $500 6530.70
Wings Financial
Restrictions
2.53% $10,000 6698.20
Bay
Restrictions
2.53% $10,000 0.00
Sri
Restrictions
2.52% $1,000 6973.50
Premier America
Restrictions
2.50% $10,000 6714.65
2.50% $2,000 6607.67
First Imperial
Restrictions
2.50% $500 6534.32
California
Restrictions
2.50% $10,000 6697.24
Nuvision
Restrictions
2.50% $100,000 6684.66
Altura
Restrictions
2.50% $100,000 6643.54
Keypoint
Restrictions
2.50% $1,000 6784.14
Schoolsfirst
Restrictions
2.50% $100,000 6668.55
Pasadena
Restrictions
2.50% $1,000 6691.29
Alta Vista
Restrictions
2.50% $1,000 6642.99
Justice
Restrictions
2.49% $500 6704.38
Southland
Restrictions
2.45% $100,000 6679.64
Lbs Financial
Restrictions
2.45% $90,000 6685.96
Sacramento
Restrictions
2.43% $1,000 6969.34
Cabrillo
Restrictions
2.41% $10,000 6608.37
Premier One
Restrictions
2.40% $1,000 6962.60
Eagle Community
Restrictions
2.40% $2,000 6671.20
Certified
Restrictions
2.40% $1,000 6608.20
Altura
Restrictions
2.40% $1,000 6643.54
Ukrainian
Restrictions
2.40% $500 6961.92
Frontwave
Restrictions
2.35% $1,000 6627.97
Kinecta
Restrictions
2.35% $100,000 6697.66
Nuvision
Restrictions
2.35% $1,000 6684.66
Schools Financial
Restrictions
2.35% $500 6963.95
American United
Restrictions
2.35% $500 6619.31
2.35% $100,000 6704.82
Schoolsfirst
Restrictions
2.35% $500 6668.55
Ventura County
Restrictions
2.35% $10,000 6747.24
Technology
Restrictions
2.35% $1,000 6957.25
F & A
Restrictions
2.33% $1,000 6690.06
2.30% $1,000 6701.10
Pacific Service
Restrictions
2.30% $1,000 6979.30
Lbs Financial
Restrictions
2.30% $2,500 6685.96
Southland
Restrictions
2.30% $1,000 6679.64
South Bay
Restrictions
2.28% $1,000 6696.02
2.27% $100,000 6885.96
2.27% $10,000 6600.50
Point Loma
Restrictions
2.27% $1,000 6609.28
Mission
Restrictions
2.25% $10,000 6614.06
Travis
Restrictions
2.25% $500 6983.33
Kinecta
Restrictions
2.25% $1,000 6697.66
2.25% $1,000 6710.06
Sce
Restrictions
2.25% $1,000 6682.48
2.25% $10,000 6704.82
Provident
Restrictions
2.21% $1,000 6989.23
2.20% $10,000 6614.32
First Technology
Restrictions
2.20% $50,000 6962.45
Sierra Central
Restrictions
2.17% $500 6978.68
2.15% $1,000 6956.62
San Diego County
Restrictions
2.15% $90,000 6613.67
Gain
Restrictions
2.15% $5,000 6701.24
Xceed Financial
Restrictions
2.15% $500 6698.18
2.12% $1,000 6885.96
Uncle
Restrictions
2.12% $5,000 6959.96
Self-help
Restrictions
2.12% $500 6920.66
California Coast
Restrictions
2.10% $10,000 6609.43
San Diego County
Restrictions
2.10% $10,000 6613.67
First Technology
Restrictions
2.10% $500 6962.45
Patelco
Restrictions
2.10% $1,000 6988.63
First City
Restrictions
2.10% $10,000 6694.48
Unify Financial
Restrictions
2.06% $1,000 6697.05
Edwards
Restrictions
2.05% $1,000 6698.32
Orange County's
Restrictions
2.05% $1,000 6666.33
American First
Restrictions
2.05% $1,000 6675.88
Alaska Usa
Restrictions
2.05% $10,000 6657.97
Stanford
Restrictions
2.02% $1,000 6970.33
2.02% $250 6995.27
Los Angeles
Restrictions
2.02% $1,000 6696.55
Usc
Restrictions
2.00% $1,000 6695.10
Chevron
Restrictions
2.00% $500 6987.16
The Golden 1
Restrictions
2.00% $100,000 6962.73
Premier Community
Restrictions
2.00% $500 6947.40
Ohio Catholic
Restrictions
1.95% $100,000 -
1.92% $1,000 6959.85
Lassen County
Restrictions
1.90% $10,000 6976.96
The Golden 1
Restrictions
1.90% $10,000 6962.73
1.90% $10,000 6964.41
Baxter
Restrictions
1.85% $500 6697.62
1.85% $250 6965.99
Ohio Catholic
Restrictions
1.85% $25,000 -
Premier Community
Restrictions
1.85% $10,000 6947.40
1.80% $1,000 6664.86
Energy One
Restrictions
1.75% $1,000 6769.26
Partners
Restrictions
1.75% $1,000 6670.24
Valley First
Restrictions
1.75% $10,000 6921.30
Ohio Catholic
Restrictions
1.75% $500 -
Media City
Restrictions
1.75% $1,000 6700.68
Safe
Restrictions
1.71% $500 6966.37
Tulare County
Restrictions
1.71% $1,000 6802.29
Redwood
Restrictions
1.65% $10,000 7024.47
Yolo
Restrictions
1.65% $10,000 6986.61
Pacific Crest
Restrictions
1.61% $10,000 7082.54
Ume
Restrictions
1.61% $50,000 6701.73
Wescom Central
Restrictions
1.60% $500 6667.08
Ume
Restrictions
1.51% $2,000 6701.73
Chabot
Restrictions
1.51% $5,000 6968.14
Logix
Restrictions
1.50% $1,000 6702.65
Altaone
Restrictions
1.46% $10,000 6704.47
Merco
Restrictions
1.45% $2,500 6886.30
1.40% $500 6679.57
Central State
Restrictions
1.40% $10,000 6943.18
Arrowhead Central
Restrictions
1.35% $100,000 6666.11
Arrowhead Central
Restrictions
1.30% $1,000 6666.11
Clearpath
Restrictions
1.26% $10,000 6697.47
Kern Schools
Restrictions
1.25% $1,000 6768.98
Strata
Restrictions
1.25% $1,000 6765.16
La Financial
Restrictions
1.21% $10,000 6693.11
Sesloc
Restrictions
1.00% $1,000 6842.41
Partners 1st
Restrictions
0.96% $500 6961.81
Coasthills
Restrictions
0.90% $500 6818.69
0.82% $2,500 6942.76
0.45% $1,000 6928.02
All rates listed are Annual Percentage Yield (APY). The Min listed is the minimum deposit account balance required to obtain the rate listed.

BestCashCow strives to maintain the most accurate rates. If you believe a rate is not accurate, please let us know.

PRODUCT INFORMATION

Credit Union Certificates of Deposit 2020

Credit union certificates of deposit (“CDs”, also commonly called “time deposits�t at credit unions) are contract-based and time-based savings vehicles that are offered by credit unions. In return for agreeing to keep your money tied up with the credit union for a given time period, you earn a fixed rate or return that cannot change over the course of that period. Should you need your money before the expiration of the contractual period, the penalties for early withdrawal can be severe. Not all credit unions even offer early withdrawal from CDs; many that do offer it maintain the right to deny it in their fine print. It therefore is important to fully understand the terms of any time-based deposit that you enter with a credit union. Read this article for further detail on early withdrawal penalties. {hyperlink: https://www.bestcashcow.com/articles/can-you-always-withdraw-your-money-early-from-a-cd-9178}

Many Americans enjoy performing their banking transactions with credit unions, citing better rates, non-profit status (owned by its depositors), more helpful employees, and a commitment to the community that is above the level offered by local banks. You will find a map with all credit unions that are close to you here. It is important to note that some credit unions have limited fields of membership, although others are more open ended. Under any circumstance, you must meet the membership requirements in order to become a member and open a CD or time deposit.

Those who are willing to tie up their money for one year will often get a slight premium over the best available savings rates. People who work with credit unions may find that they offer better rates on CDs or time deposits than local banks and online banks. You however should check the local bank rates where you live here and the online rates here.

To understand all of the income generating options available to a saver, please view the Income Generating Investments Comparison Chart.

NCUA Insurance

Most, but not all, credit unions listed on BestCashCow are insured by the National Credit Union Administration (NCUA). You should confirm that the credit union that you are working with is NCUA-insured by visiting that institution’s BestCashCow page (NCUA coverage is detailed on the overview tab). The NCUA insures each named individual's deposits to $250,000 for all accounts at the credit union within ownership class. The rules are very similar, but not identical, to those for FDIC insurance. You should always stay within NCUA insurance limits.

BestCashCow strongly recommends that you deposit money only in NCUA insured credit unions and that you stay within insured limits. If you are considering depositing over $250,000 at a single NCUA-insured credit union across products (share certificates, time deposits, etc.) or across types of ownership (individual, joint, etc.) you should use the NCUA’s Share Insurance Toolkit in order to be sure that you are not exceeding coverage limits.

FREQUENTLY ASKED QUESTIONS ABOUT CREDIT UNIONS

Is my money any less safe at a credit union?

As long as your credit union is NCUA insured and you stay within the NCUA limits, As long as your credit union is NCUA insured and you stay within the NCUA limits, your money is no less safe than it would be in an FDIC-insured bank.

Is there any difference between a time deposit offered by a credit union and a CD account offered by a bank?

The difference is mainly one of terminology. But, you should always completely understand the terms of a time deposit or CD before you enter it, paying careful attention to the early withdrawal penalties. A reasonable early withdrawal penalty for a 1-year CD or time deposit is 3 months, and a reasonable early withdrawal penalty for a longer term CD is 6 months.

Does the small amount of interest gained on a time deposit make sense given the fact that I am losing access to my capital (liquidity)?

This is a decision that depends on your own specific circumstances, your needs for cash, and other investments that you may wish to pursue over the period of your time deposit or CD. The premium in a one-year CD is very small, with the premium of longer-term CDs being a little wider. A small difference in compounding interest can make a large difference over long period of time. You may wish to familiarize yourself with our Savings Booster Calculator  {insert hyperlink} in order to understand the importance of compounding interest at higher rates on your money over time.

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