5.50% 8-Month / 5.75% 16-Month CD at California Banco Popular

Banco Popular California branches are offering several high yield certificates of deposit. These include a 5.75% APY 16-month CD, a 5.50% 8-month CD and a 5.00% APY 3-month CD. These have a minimum deposit of $1000 for a regular CD and a $500 minimum for an IRA certificate. The maximum deposit is $250K. CDs with terms under 12 months have an early withdrawal penalty of 30 days of interest. The penalty for terms of 12 months and over is 90 days of interest.

This CD special is not listed at the bank's website, but was advertised in a Southern California newspaper this week. The ad is available online here. According to the customer service representative, there's also a 16-month and 27-month CD special with an APY of 5.75%. These specials are only for Banco Popular's California branches. The bank also has branches in California, Illinois, New Jersey, New York and Texas. On June 6th, I posted on a 5.65% 16-month CD special at the bank's Florida branches.