Dedicated to Deposits: Deals, Data, and Discussion

5.00% 25-Month CD at Pacific Capital Bank in California


Pacific Capital Bank, N.A. is offering a CD promotion with a 5.00% APY 25-month CD. The minium deposit is $1,000. There's also a promotional 11-month CD that's not quite as competitive. This has a yield of 4% APY and a $5,000 minimum deposit. These are available as a consumer, IRA and business CD.

Pacific Capital Bank operates 50 branches under 5 other bank names. Each of these 5 have their own webpage. The links to all 5 are located on Pacific Capital Bank's homepage. The front of each webpage lists these CD promotions.

It appears that a branch visit may be required to open an account. Branches are located in the following California counties: Los Angeles, Monterey, San Benito, San Luis Obispo, Santa Barbara, Santa Cruz and Ventura.

Pacific Capital Bank has some decent financial ratings for soundness: 4 stars (sound) at and 3.5 stars (good) at BauerFinancial. Both are based on 6/30/08 data. The bank has been FDIC insured since 1960 (FDIC Certificate # 18169).

  Tags: California, CD rates

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Comment #1 by Banking Guy (anonymous) posted on
Banking Guy
A reader had left this comment about Pacific Capital Bank in another post:

Went to Cal Pacific Bank (Santa Barbara Bk and Tr) to open the advertised 2 yr 5% C/D.
Was able to negotiate the same 13mo
5% I got from WAMU instead.
I know this bank--great mgmnt and very secure.

Comment #2 by Anonymous posted on
Opened a 25 month CD Sept 30 at Beverly Hills branch. CSR confirmed that offer was expected continue through Oct. Also mentioned that they have gotten several responses from people who saw the posting here.