Tuesday, 24 November 2020

San Diego County Credit Union Review: Checking, Savings, CD, Money Market and IRA Accounts

San Diego County Credit Union Review: Checking, Savings, CD, Money Market and IRA Accounts
31 Oct
7:09

San Diego County Credit Union’s Most Popular Accounts

APY

Account Type

Account Name

Compare Rates from Similar Accounts

0.05%

Savings

San Diego County Credit Union Primary Savings Account

1.90%

American Express National Bank High Yield Savings Account

on American Express National Bank’s secure website

Member FDIC

0.70%

CD Rates

San Diego County Credit Union 12 Month CD

2.55%

Goldman Sachs Bank USA High-yield 12 Month CD

on Goldman Sachs Bank USA’s secure website

Member FDIC

1.45%

CD Rates

San Diego County Credit Union 36 Month CD

2.85%

Synchrony Bank 36 Month CD

on Synchrony Bank’s secure website

Member FDIC

2.20%

CD Rates

San Diego County Credit Union 60 Month CD

3.10%

Goldman Sachs Bank USA High-yield 5 Year CD

on Goldman Sachs Bank USA’s secure website

Member FDIC

San Diego County Credit Union checking account options

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How San Diego County Credit Union’s checking accounts compare

As much as we want to say the rates for these checking accounts are great, sadly they’re not. The high-yield checking account does feature APYs that’s almost on par with some of the best checking account offerings out there but it requires a high minimum balance.

Do yourself a favor and see if you can get better rates elsewhere.

San Diego County Credit Union savings account options

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How San Diego County Credit Union’s savings accounts compare

We think it’s great that most of the savings accounts have low minimum deposit requirements, but the rates are extremely low. Even their highest APY doesn’t compare to the rates on our list of the best online savings accounts. In fact, you’re probably better off checking our list for more competitive rates.

San Diego County Credit Union CD rates

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How San Diego County Credit Union’s CD rates compare

To be frank, only the 15 month and 60 month terms are worth looking into. Still, those rates are not as high as some of the best advertised CD rates from other competitors. You might even be able to find one with a lower opening deposit if that’s important to you.

San Diego County Credit Union money market account options

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How San Diego County Credit Union’s money market accounts compare

We’re not terribly impressed as there are high minimum balance requirements and the rates are nowhere close to the ones on our list of the best money market accounts. To maximize your savings, we think you may be better off looking elsewhere.

San Diego County Credit Union IRA account options

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How San Diego County Credit Union’s IRA CD rates compare

These IRA CD rates fall slightly flat when compared with some of the best advertised IRA CD rates out there. Even with the higher deposit amounts you’ll probably want to do some comparison shopping to maximize your savings.

Advertiser Disclosure: The products that appear on this site may be from companies from which MagnifyMoney receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). MagnifyMoney does not include all financial institutions or all products offered available in the marketplace.

Sarah Li Cain

Sarah Li Cain |

Sarah Li Cain is a writer at MagnifyMoney. You can email Sarah Li here

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Source: https://www.magnifymoney.com/blog/reviews/san-diego-county-credit-union/

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