Financial Partners Credit Union is offering a CD at 6.50% APY — the highest rate available right now
- Financial Partners Credit Union is paying 6.50% APY (Annual Percentage Yield) on an 8-month CD special.
- You must deposit between $1,000 and $5,000 into the CD.
The best CD rates from nationwide banks are around 5% or 5.50% APY right now, depending on the term. But if you live in California, you may be able to take advantage of an even higher CD rate available at a local credit union.
Financial Partners Credit Union is offering an 8-month CD special paying 6.50% APY for new members. Find out if you qualify for the CD.
How to get 6.50% APY on a CD
The Financial Partner Credit Union 8-month CD special is only available to new members. Financial Partners CU primarily serves California residents. To get the CD special, you must live in Los Angeles County, Orange County, Riverside County, San Diego County, or the cities of San Francisco or Alameda, California.
The CD special has a $1,000 minimum and $5,000 maximum opening deposit. There's also a limit of one CD special per member.
Keep in mind that there are early withdrawal penalties if you withdraw money from the CD before the end of the term. The penalty for the 8-month special is 90 days of interest.
If you're concerned about the lock-up period, consider one of the best no-penalty CDs.
If you don't qualify for the CD special at Financial Partner Credit Union — or if you want to deposit less than $1,000 or more than $5,000 — you can still find other options with great rates and more lenient opening requirements. The following CDs are from online banks with no membership requirements, and you can open an account with $0:
| Open Account | Rate | Review |
| BMO Alto 1-year CD | 5.65% APY | BMO Alto Review |
| Synchrony 9-month CD | 5.50% APY | Synchrony CD Review |
| Barclays 1-year CD | 5.50% APY | Barclays Bank Review |
| Freedom Bank No-penalty CD, powered by Raisin | 5.15% APY | Raisin Review |
These banks are all insured by the FDIC for $250,000 per depositor, per account ownership category. When a bank is FDIC-insured, it means your insured money is safe in the event of a bank failure.
Financial Partners Credit Union FAQs
Who owns Financial Partners Credit Union?
Financial Partners Credit Union is a nonprofit financial institution owned by its members. Credit unions work a bit differently from banks as members get to have more say on how things are run.Is Financial Partners Credit Union FDIC-insured?
Financial Partners is federally insured by the NCUA. The NCUA provides federal insurance for credit unions, while the FDIC oversees banks. Up to $250,000 per depositor, per account ownership category is insured in a Financial Partners Credit Union bank account.How long has Financial Partners Credit Union been in business?
Financial Partners Credit Union has been in business since 1937.Products in this post: BMO Alto 1 Year High Yield CD - Product Name Only, Synchrony 9 Month CD - Product Name Only, Barclays 1 Year Online CD - Product Name Only, Freedom Bank 9 Month No Penalty CD - Product Name Only