Dedicated to Deposits: Deals, Data, and Discussion

4.05% 7-Month CD at Independence Bank in CA


Independence Bank is offering a special 7-month CD with a yield of 4.05% APY. The minimum deposit is $1,000. This special is listed in the bank's rate sheet as of 11/16/08.

The bank also offers savings accounts and money market accounts with some decent rates. I first posted on this bank's savings account in 2006.

California residents can apply for accounts by mailing in the application or by visiting one of their branches in Newport Beach, San Juan Capistrano and Fountain Valley.

Independence Bank's financial ratings for soundness are a little weak: 3 stars (adequate) at BauerFinancial and 2 stars (below peer group) at Both ratings are based on 6/30/08 data. The bank has been FDIC insured since 2004 (FDIC Certificate # 57688).

  Tags: California, Independence Bank, CD rates

Related Posts