Pasadena Service Federal Credit Union is still offering competitive interest rates for their certificates of deposit. The credit union has the following current interest rates:

$1,000 to $9,999

• 3 months       0.25% APY
• 6 months       0.40% APY
• 12 months     0.70% APY
• 24 months     1.20% APY
• 36 months     1.50% APY
• 48 months     1.75% APY
• 60 months     2.25% APY

$10,000 and above

• 3 months       0.30% APY
• 6 months       0.50% APY
• 12 months     0.80% APY
• 24 months     1.30% APY
• 36 months     1.60% APY
• 48 months     1.85% APY
• 60 months     2.36% APY

Penalty shall be imposed when withdrawal is made before the maturity date. If you have CD terms with less than one year the penalty will be equivalent to 90 days of interest, and for CD terms with one year and above the penalty is equivalent to 180 days of interest. The earnings of this money in the bank deal are compounded and credited monthly or at the maturity date depending on your certificate of deposit term. You may request the credit union to have your dividends credited to your savings account, checking account, or have it send to you by mail.

This best certificate of deposit account will automatically renew once it matures. A written notice from the credit union will be mailed to you weeks before the maturity date. You will be given 10 days as grace period to make changes on your CD account. You can make a deposit, change the terms of your certificate of deposit account, or make a withdrawal without penalties being charged against your account.

Interested individuals who want to become members of the Pasadena Service Federal Credit Union must live, worship, work, or attend school in South Pasadena, Sierra Madre, San Marino, Pasadena, Arcadia, Altadena, and the unincorporated area with zip code of 91107. Membership is also open to those people who are employees and retirees of the select employee groups which can be found on the credit union’s website. Immediate family members are also eligible to join.

A branch visit is required in order to apply for membership. You just need to complete the membership application form, present valid picture identification with your current address showing like driver’s license, social security card, or passport. You must also write a check for $5 which will be use to deposit on your new share savings account as part of the requirements.

If you still have questions or concerns with regard to your certificate of deposit account, current interest rates, and membership eligibility, you may call customer service at 877-297-4707. Pasadena Service Federal Credit Union has branches located in California state in the cities of Pasadena, Vernon, and Commerce.

Pasadena Service Federal Credit Union was originally formed in 1936 by the teachers of the Pasadena Junior College to serve the educators. They are considered to be one of the largest credit union in the state of California and has over 10,032 members with $99 million in declared assets. The credit union is federally insured by NCUA with certificate number 1368.