4.10% 5-Month CD at Pacific Premier Bank in Southern California

Pacific Premier Bank continues to offer a competitive 5-month CD. The yield is 4.10% APY for a minimum deposit of $10,000 (3.85% for $1K minimum). Please refer to the rate table (pdf) for more details.

In my last report on this credit union in August, it also had a 4.25% 9-month CD, but this seems to have ended.

Branches are located in the Southern California cities of Costa Mesa, Los Alamitos, Huntington Beach, Newport Beach, San Bernardino and Seal Beach.

This bank was formerly called Life Bank, but changed name when a recapitalization was done a few years ago. It has a 4-star rating (excellent) at BauerFinancial but only a 2-star rating (below peer group) at Bankrate.com. Both are based on 6/30/08 data. The bank has been FDIC insured since 1983 (FDIC Certificate # 32172).

Tags: Pacific Premier Bank, California, CD rates