Savings Account Rates Deal of the Day in Sacramento: Schools Financial Credit Union at 7% APY

May 12th, 2010

School Credit Union

Investing in a certificate of deposit is an easy way to collect high interest rates on your money. Schools Financial Credit Union is making it even easier by offering an incredible 7% APY on CD accounts. This particular savings account interest rate is one of the best available today.

There are certain terms for top savings account you should be aware of, including:

  • The 7% APY savings account interest rate applies to the first $500 deposit amount
  • The 7% APY savings account interest rate does not compound on balances over $500
  • Balances exceeding $500 will earn a .25% APY
  • Customers must sign up for either e-statements, a free checking account, direct deposit or bill pay to qualify for savings account interest rate
  • Membership to the Schools Financial Credit Union is required to qualify to the savings account interest rate
  • NCUA insured

Schools Financial Credit Union is based in Sacramento, California and includes 12 full service branches throughout the state. The financial institution serves more than 113,000 members with $1.2 billion in assets.

Other Terms and Conditions may apply. Additionally, rates may have changed since this offer was posted. Please contact the financial institution for the most recent rate updates and to review the terms of the offer.

Current Sacramento CD Rates News

 

Best Sacramento CD Account Rates

Featured RateBank / Credit UnionAccount Type
1.80%
As of August 30, 2010

View Rate Details
Discover Bank
Discover Bank
CD Account
Highest Rates Recent Rate Changes
Best Rates (APY)Bank / Credit UnionAccount Type
1.84%
As of August 30, 2010
View Rate Details Charter Oak BankCD Account
1.56%
As of August 31, 2010
View Rate Details Bank of Napa, N.A.CD Account
1.30%
As of August 26, 2010
View Rate Details Mc Clatchy Employees Credit UnionCD Account
1.30%
As of August 24, 2010
View Rate Details Community Business Bank SacramentoCD Account
1.21%
As of August 27, 2010
View Rate Details Five Star BankCD Account
1.20%
As of September 1, 2010
View Rate Details El Dorado Savings Bank, F.S.B.CD Account
Bank / Account TypeRate ChangeDate
 El Dorado Savings Bank, F.S.B. - 2 Year CD Account1.30% to 1.20%Sep 1, 2010
 El Dorado Savings Bank, F.S.B. - 12 Month CD Account0.80% to 0.75%Sep 1, 2010
 El Dorado Savings Bank, F.S.B. - 6 Month CD Account0.45% to 0.40%Sep 1, 2010
 Charter Oak Bank - 2 Year CD Account1.87% to 1.84%Aug 30, 2010
 Charter Oak Bank - 12 Month CD Account1.46% to 1.44%Aug 30, 2010
 Charter Oak Bank - 6 Month CD Account1.21% to 1.19%Aug 30, 2010
 

Sacramento CD Rates

If you work for the State of California you might be getting a yearly bonus big enough to invest. You’ll probably pay off a lot of bills with it, but you could also have some left over to invest. If that’s the case this year, Sacramento Banking Rates could help you find CD rates that will expand your investment, providing you with a stronger financial picture.

Get Best Rates

We could also help investors find the best money market rates and IRA rates. Our network of investment professionals is eager to help you profit. Go with Sacramento Banking Rates and find out how.

Best CD Rates, IRAs and Investments in Sacramento

Sacramento Banking Rates want to help you earn money, save money and put yourself in the best position for your own financial situation. If you have a savings account that you do not need for the rest of this year, it may be a good idea to invest into a 6-12 month CD and take advantage of the higher interest rates. You can earn up to 1% or more in a CD versus a savings account with a $5000 CD over 10 years; that can be over $500-$1000 more in interest payments with the higher CD rate.

Many local Sacramento credit unions offer competitive CD rates, money market accounts and IRAs, as do the larger national banks. If you want to get the highest interest rates, be sure to thoroughly research banks with the best offers before you make your decision. Sacramento Banking Rates has relationships with many banks to maximize the potential of finding the best rates.

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