5.65% 12-Month CD at a California Bank (Western Financial)

This use to be a deal available to people in any state. But after Western Financial Bank's merger into Wachovia, WFB's CD's are now only available to those in California, and they are no longer available online. At least they are still offering the high CD rates which have remained the same since July (according to their rates page). These include a 5.25% APY 3-month CD, a 5.50% APY with terms from 6 to 8 months, a 5.60% APY with terms from 9 to 11 months, and a 5.65% APY with terms from 12 months to 16 months. The certificates of deposit require only a $100 minimum to open and are available in an IRA.

Branches are located throughout Southern California.