GLENDALE, Calif.–To mark its 88th anniversary this year, Los Angeles Federal Credit Union is offering an eight-month share certificate paying 4.88% APY.
The CD is available to new money only, with the credit union saying the maximum opening deposit is $5,888,888.
“Additional new money deposits can be made until the additional funds equal the opening deposit,” LAFCU said.
The $1.3-billion LAFCU has approximately 76,000 members.