Dedicated to Deposits: Deals, Data, and Discussion

2.50% 6-Month CD & 2.65% 9-Month CD at Plaza Bank in California

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Plaza Bank is offering three competitive CD rates: 2.50% APY for 6 months, 2.65% APY for 9 months and 2.75% APY for 12 months. Minimum deposit is $25,000, and new money is required. These rates are listed on the bank's home page as of 4/24/09. According to the small print, these rates are scheduled to last through 5/31/09.

It appears a branch visit is required. It's a small bank with an office located in Irvine, California.

The bank's ratings for safety and soundness are weak: 1 star (troubled) at BauerFinancial and 1 star (lowest) at Bankrate. Both ratings are based on 12/31/08 financial data. It's a fairly new bank that was established in 2005. It's a member FDIC (FDIC Certificate # 58100).

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  Tags: California, CD rates, Plaza Bank

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