L.A. Financial is currently offering the highest CD rates at 5.75% APY with a 13 month term. The minimum deposit on this CD account is $1,000 with at least half of the deposit money being new. Membership requires a new L.A. Financial checking account with direct deposit. The yield without it drops to 5.25% APY.

This Certificate of Deposit isn’t an internet CD so you must mail in your application. Membership for this CD account is open to those who live in Los Angeles County, California and also to anyone who lives or works in Lake Havasu City, Arizona. Please refer to L.A. Financial Credit Union’s membership page and Havasu Community Credit Union’s membership page for more details.

January 31, 2008 is the last day to take advantage of this great Certificate of Deposit offer and many customers didn’t want to hassle with the direct deposits because with the huge recent Fed rate cuts this is still the best CD rate even at 5.25% APY.