5.50% 12-Month / 5.35% 9-Month CD at a California Bank

Vineyard Bank is offering a 5.50% APY (5.35% interest rate) 12-month certificate of deposit. The bank also has a special 5.35% 9-month CD and a 5.25% 6-month CD. The minimum deposit is $1K. The maximum deposit is $95K per household. This maximum can be increased to $5M if a checking, savings or money market account is opened in conjunction with the CD. Money new to the bank is required. This offer is only available to California residents. The rates are listed here (pdf).

Vineyard Bank has competitive CD specials quite often. In April, I had reported on a 5.45% 9-month CD special from Vineyard. Like the specials from World Savings, Vineyard's specials seem to always require new money.

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