Dedicated to Deposits: Deals, Data, and Discussion

4.25% 59-Month CD & 2.50% 10-Month CD at US Bank in California

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US Bank (OH)
US Bank is advertising two competitive CD specials in California. These include a 2.50% APY 10-month CD and a 4.25% APY 59-month CD. Minimum deposit is $500 with funds new to US Bank. This is also available for business CDs and IRAs.

These specials don't seem to be listed at US Bank's website. It was advertised in yesterday's (2/22/09) Riverside Press-Enterprise newspaper in Southern California. The ad is available online here. There's also an ad for this in the Sacramento Bee newspaper. According to the ads, the offer is only available at US Bank branches (which includes Downey Savings and PFF Bank & Trust branches).

For those considering the long-term CD, please note that US Bank has a very severe early-withdrawal penalty. I have more details about this penalty in this previous US Bank post. US Bank continues to offer competitive CD specials available in other states. As of 2/23/09, these include a 4% APY 59-month CD, a 3.00% APY 37-month CD and a 2.15% APY 13-month CD (13-month CD isn't really that competitive). Refer to the previous post for more details on these CDs and details about US Bank's financial health. It's in better shape than many of its peers.

US Bank has been FDIC insured since 1934 (FDIC Certificate # 6548).

Thanks to the reader who mentioned this 10-month CD special in the Daily News and Deals Post.

Related Pages: California, US Bank (OH), CD rates, IRA rates

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