4.02% 7-Month / 4.28% 15-Month CD at Silvergate Bank in California

Silvergate Bank is offering some attractive rates on its CD specials. These include a 4.02% APY 7-month CD and a 4.28% APY 15-month CD. The minimum deposit is $10,000. There are also competitive standard CDs with a 4.23% APY for 12 months and a 4.49% APY for 24 months. These have a minimum deposit of $2,500. An additional 0.20% is available with a new checking account with a minimum deposit of $500 and direct deposit established within 30 days.

It appears that a branch visit may be required to open new accounts. Branches are located in the Southern California cities of La Jolla, La Mesa, Riverside and Lancaster.

The bank has decent financial ratings for soundness: 3 stars (adequate) at BauerFinancial and 4 stars (sound) at Bankrate.com. Both are based on 6/30/08 data.

Silvergate Bank has been FDIC insured since 1988 (FDIC Certificate # 27330).

Tags: Silvergate Bank, California, CD rates