5.50% 12-Month CD at a California Bank

Spectrum Bank is offering a special 5.50% APY on a 1-year certificate of deposit. There is a minimum deposit of $1K. The same APY is also available on longer terms CDs.

The bank has branches in the California cities of Irvine, Montebello and Huntington Beach. Credit for this find goes to eMoneyCentral.