Dedicated to Deposits: Deals, Data, and Discussion

5.50% 6-Month CD at a California Bank (Luther Burbank Savings)

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Luther Burbank Savings
Luther Burbank Savings Bank is offering a special 5.50% APY 6-month certificate of deposit. The minimum balance is $10,000, and the offer applies to new money only. This special was advertised in yesterday's San Francisco Chronicle.

Branches are located in the California cities of Santa Rosa, San Rafael and Palo Alto. The bank has been FDIC insured since 1983.

Credit goes to the reader who mentioned this CD in the finding deals post. Thanks!
  Tags: California, Luther Burbank Savings, CD rates

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Comments
2 comments.
Comment #1 by mrfrugality (anonymous) posted on
mrfrugality
I emailed the Santa Rosa branch and a savings executive said they do NOT do business outside of the state of California.

1
Comment #2 by Banking Guy (anonymous) posted on
Banking Guy
Thanks for the info.

1