5.50% 9-Month CD at a California Bank (Gilmore)
Dec 27, 2006 - 6:22 AM by Ken Tumin
Gilmore Bank is offering a 5.50% APY 9-month certificate of deposit. The minimum is $10K. It has a one-time option to step up the rate on the CD to a higher published interest rate being offered by Gilmore Bank on a 9-month Bump Up CD.
With rates trending down, this bump-up feature probably won't be useful. Nevertheless, it doesn't hurt.
The bank is located in Los Angeles, California. You must open the CD at the branch.
Gilmore Bank has been FDIC insured since 1955.
[Edit 12/27: Updated CD application requirement]
With rates trending down, this bump-up feature probably won't be useful. Nevertheless, it doesn't hurt.
The bank is located in Los Angeles, California. You must open the CD at the branch.
Gilmore Bank has been FDIC insured since 1955.
[Edit 12/27: Updated CD application requirement]
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Anonymous - #1, Tuesday, December 26, 2006 - 12:20 PM
I called them up. They want you in the branch physically. You cant send the signed forms etc.
Note: I am from Bay area.
Banking Guy (anonymous) - #2, Wednesday, December 27, 2006 - 6:23 AM
Thanks for checking on this. I've updated the post with this info.
Anonymous - #3, Sunday, January 7, 2007 - 8:08 AM
The Branch is located at the Grove at Farmers Market. Makes for a nice trip and day. Worth it. They want you to sign signature cards. You fill out the Application online. Took less then 15 min.
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