I last reported on this bank in April when they were offering a 3.90% 3-month and 3.60% 7-month CD.
As I reported in the last post, Vineyard has been hit hard by bad home loans. According to this San Bernardino County Sun article:
Vineyard is so troubled that it's on the hunt for money to satisfy regulatory requirements. The bank's connection with the Inland Empire's real-estate mess is emerging as it reports millions of dollars in loan losses.
Over the last year, Bankrate's rating of Vineyard has fallen from 4 out of 5 stars to only 1 star (data as of 12/31/07). So make sure you keep your deposits under the FDIC limits.
Branches are located in several cities in Southern California including San Diego, Manhattan Beach, San Dimas, Walnut, Irvine, and Upland. The bank has been FDIC insured since 1981 (FDIC certificate # 23498).