Guaranty Bank had been offering a special 5% 7-month CD for Los Angeles County residents last month. The special rate had gone down to 4.50%. I called Guaranty this morning and was told that it's no longer available.
The bank has some weak financial ratings: 2 stars (problematic) at BauerFinancial and 1 star (lowest) at Bankrate.com. Both are based on 6/30/08 data.
Guaranty Bank's headquarters is in Austin, Texas with branches in both Texas and California. The bank has been FDIC insured since 1988 (FDIC Certificate # 32618). Note, this is different than the Guaranty Bank at guarantybanking.com that's based in Wisconsin. A reader also noted a different Guaranty Bank in Colorado.
Thanks to the reader who mentioned this CD in the finding deals post.