Dedicated to Deposits: Deals, Data, and Discussion

3.50% 12-Month / 3.40% 9-Month CD at a California Bank - Plus MMA Promo (County).


Update 2/06/09: The bank has been closed. Refer to this post for more details.

Update 7/12/08: The CD rates have gone down. Please check the bank's website for the latest rates.

County Bank has a new CD promotion with a 3.50% APY 12-month CD and a 3.40% APY 9-month CD. The minimum deposit is $1,000, and the maximum is $95,000. These are also available for IRA's. No new or existing County Bank account is necessary to receive the promotional CD rates.

The bank is also offering a promotional money market account with the following tiers:

$0-$9,999 2.50% APY
$10,000-24,999 2.75% APY
$25,000-$49,999 3.00% APY
$50,000-$99,999 3.50% APY
$100,000+ 2.50% APY

Promotional yields are only available for accounts opened with funds transferred from a non-County Bank financial institution. Minimum opening balance is $2,500. Refer to the bank's website for the full details.

My last post on this bank was in April when the bank was offering a 4% 12-month CD and a 3.75% 9-month CD. At that time I was told by their banking rep that they do not do hard credit checks when you open accounts.

A branch visit is currently required, but I've been told they will soon have an application on their website that you can mail in. Branches are located in several California cities including San Francisco, San Jose, Sacramento, Stockton and Fresno. The bank has been a FDIC member since 1977 (FDIC Certificate # 22574). The bank has a 3 out of 5 star rating (performing) at based on 12/31/07 data.

  Tags: money market accounts, County Bank, California, CD rates

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