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3731 Wilshire Boulevard, Suite 1000 Los Angeles, CA 90010 ![]() |
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I just happened to see this flyer for a 1.00% CD at BBCN (formerly Nara Bank). While the rate is not great, it is competative. If you are in SoCal, there are a large number of local branches. I've found dealing with the Garden Grove branch
Old New Terms: 3 yrs at 3.56% 3 yrs at 2% Limits: Unlimited amounts, unlimited number of accounts per customer $50,000 per household Penalties: $50 fee for closing account before 180 days, no penalty afterwards $50 fee
Nara Bank continues to have some very good installment savings account rates. From the rate sheet at the Garden Grove branch, on 07/12/2010: 12m - 2.50%, 18m - 2.75%, 24m - 3.00%, 30m - 3.25%, 36m - 3.50% Maximum per account is 100K, no limit to the
Nara Bank continues to offer a good deal on its Mega Promo CD. The rate has fallen since I posted on this CD in March, but it remains very competitive. The CD continues to be advertised on the bank's home page with a link to the promo page (pdf)....
2009
- 3/30 - Update on Nara Bank and its CD and Installment Savings Account - CA, NY & NJ Only
- 3/22 - 4.08% 12-Month Online Installment Savings Account at Nara Bank - CA, NY, NJ Only
- 3/13 - 3.10% Add-On 12-Month CD at Nara Bank - CA, NY, NJ Only

