Cal State 9 Credit Union has lowered the rate on its 7-month special CD from 6% to 5.50% APY. Everything else remains the same. The minimum deposit is $5K, and the maximum deposit is $50K. This high yield CD is only available for new members.

Membership is open to those who reside, work or attend school in the following California counties: Alameda, Contra Costa, San Francisco, Sacramento, or Santa Clara. Membership is also open to students, employees and and those in alumni associations of certain universities. See the membership page for the full details. Membership requires a $5 membership fee and a minimum deposit of $10 in the regular share savings account. Note, a $200 minimum is required to avoid $5/month fee. This is waived if you open an additional account like a CD or checking account.

Branches are located in Berkeley, Oakland, San Francisco, Hayward and Pleasant Hill. The credit union is federally insured by the NCUA. It has $463.7 million in assets and 29,659 members. The credit union is rated 2 out of 5 stars at Bankrate.com.