Dedicated to Deposits: Deals, Data, and Discussion

3.15% 12-Month Liquid CD at US Metro Bank in California - Local Only

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US Metro Bank is offering a special CD called the Freedom CD. It's a 12-month CD with a 3.15% APY. Minimum deposit is $10,000. It allows unlimited deposits during the term and up to 5 no-penalty withdrawals. This special doesn't seem to be listed at the bank's website. A reader mentioned seeing it advertised in the Sunday paper, and I just called for additional details. According to the CSR, tomorrow (3/31/09) will be the last day for this special. You would think the special would last longer if they advertised on Sunday, but perhaps the ad has already created more demand for this CD than they had expected.

The bank is located in Garden Grove, California which is in the suburbs of Los Angeles.

US Metro Bank has fair ratings for safety and soundness: 3.5 stars (good) at BauerFinancial (based on 12/31/08 data) and 3 stars (performing) at Bankrate.com (based on 9/30/08 data). The bank has been FDIC insured since 2006 (FDIC Certificate # 58310).

Thanks to the reader who emailed me news of this CD special.
  Tags: California, CD rates, US Metro Bank

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Comments
Comment #1 by Anonymous posted on
Anonymous
Just a small correction-Garden Grove, CA is located in Orange County, just south of Los Angeles County. Thanks.

OC Steve

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