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 Rate		Bank / Credit Union	Account Type
1.80% As of August 30, 2010	View Rate Details	Discover Bank	CD Account
Highest Rates Recent Rate Changes
Best Rates (APY)		Bank / Credit Union	Account Type
1.84% As of August 30, 2010	View Rate Details	Charter Oak Bank	CD 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 Union	CD Account
1.30% As of August 24, 2010	View Rate Details	Community Business Bank Sacramento	CD Account
1.21% As of August 27, 2010	View Rate Details	Five Star Bank	CD Account
1.20% As of September 1, 2010	View Rate Details	El Dorado Savings Bank, F.S.B.	CD Account

	Rate Change	Date
El Dorado Savings Bank, F.S.B. - 2 Year CD Account	1.30% to 1.20%	Sep 1, 2010
El Dorado Savings Bank, F.S.B. - 12 Month CD Account	0.80% to 0.75%	Sep 1, 2010
El Dorado Savings Bank, F.S.B. - 6 Month CD Account	0.45% to 0.40%	Sep 1, 2010
Charter Oak Bank - 2 Year CD Account	1.87% to 1.84%	Aug 30, 2010
Charter Oak Bank - 12 Month CD Account	1.46% to 1.44%	Aug 30, 2010
Charter Oak Bank - 6 Month CD Account	1.21% to 1.19%	Aug 30, 2010

See All CD Account Rates

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.

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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