Dedicated to Deposits: Deals, Data, and Discussion

2.25% 12-Month CD & 2.05% 6-Month CD at Metro United Bank in California - Local Only

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Metro United Bank is offering two competitive CD specials: a 2.25% APY 12-month Time Deposit and a 2.05% APY 6-month Time Deposit. Minimum initial deposit is $5,000. This special is listed at the bank's promo page as of 8/19/09. According to the small print, the promotional period is scheduled to end on 9/08/09. However, the offer is subject to change at anytime.

The bank also has a money market promotion with a 2.00% APY. Minimum opening balance is $2,500. This is shown on the bank's front page and in this promo page as of 8/19/09. According to the terms, the rate will revert to the posted rate on the Metro Money Market or Metro Business Money Market when the promotional rate ends. The small print states that the promotional period ends on 9/08/09. So if you want to lock in a rate, the CD would be the better option.

It appears that a branch visit is required to open an account. Branches are located in both Southern and Northern California in the cities of Irvine, Alhambra, City of Industry, San Diego, San Francisco and San Mateo.

The bank's ratings for safety and soundness are mixed: 3½ stars (good) at BauerFinancial and 2 stars (below peer group) at Bankrate.com. The bank has been a FDIC member since 1991 (FDIC Certificate # 33401).

Other Competitive Certificate of Deposit Rates

  Tags: money market accounts, California, Metro United Bank, CD rates

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Comments
Comment #1 by Anonymous posted on
Anonymous
The promo is still on the site, bt it DID end yesterday. The current rate for the 12-mo CD is 1.98% / 2.00 APY.

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