Dedicated to Deposits: Deals, Data, and Discussion

5.75% 60-Month CD at a California Bank (Spectrum)


Spectrum Bank is offering a 5.75% APY 60-month certificate of deposit. The minimum is $1K. It's available as both a regular CD and an IRA CD. The 3-year CD is also competitive at 5.50% APY.

The bank has branches at Irvine and Montebello, California. The website doesn't specify if CDs can be opened by mail and if they accept out-of-state deposits. I've sent them a message asking about this.

The bank has been federally insured by the FDIC since 1955. It has a 4 out of 5 star safe-and-sound rating at