5.50% 12-Month CD at a California Bank - with withdrawal feature (Vineyard)

Vineyard Bank is offering a promotional 5.50% APY Flex CD available in terms from 1 month to 1 year (see pdf rate page). The minimum deposit is $10,000, and the maximum is $95,000 per household. A maximum deposit of $5 million is available for those who also open a savings, checking or money market account. After the first 7 days, a one time withdraw of up to 50% of the original balance is allowed as long as a minimum $10K is maintained for the remaining term of the CD. The offer is only available to California residents.

Late spring must be a common time for Vineyard bank promotions. Last June they had a similar special.

Branches are located in several cities in Southern California including San Diego, Manhattan Beach, Irwindale, Irvine, and Covina. The bank has been FDIC insured since 1981 (FDIC certificate # 23498). It has a 4 out of 5 star safe & sound rating (sound) at Bankrate.com as of 12/31/06 data.

Thanks to the reader who mentioned this special CD in the finding deals post.

Tags: California, CD rates