5% 9-Month CD at a California Bank

Vineyard Bank is offering a promotional 9-month CD with a rate of 5.00% APY. It also has a 6-month CD with a rate of 4.75% APY. Both have a minimum required deposit of $10K. The money must be new to the bank, and customers must be from California. There's a $95K deposit limit without secondary products (which includes checking, savings or money market accounts), and for those millionaires, there's a $5M maximum deposit limit with a secondary product. The details of this promotion is available at the bank's rates info file (pdf).

Like the Chicago bank in my last post, the interest rates for this bank's standard accounts and CDs are low. The highest rate on the money market account is only 3.65% on balances of over $100K. So it might not be a bank that you would want for the long term.

This bank has branches in several cities in California including San Diego, Manhattan Beach, Irwindale, Irvine, and Chino.