Dedicated to Deposits: Deals, Data, and Discussion

2.25% 18-Month CD & 2.50% 24-Month CD at Pacific Premier Bank in Southern California - Local Only

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Pacific Premier Bank
Pacific Premier Bank is offering a couple of competitive CD rates. One is a 2.25% APY 18-month CD and the other is a 2.50% APY 24-month CD. Minimum deposit is $10,000. Lower rates are available for a $1,000 minimum. These rates are listed in the bank's rate table (pdf) as of the morning of 8/03/09.

It appears that a branch visit is required to open an account. Branches are located in the Southern California cities of Costa Mesa, Los Alamitos, Huntington Beach, Newport Beach, San Bernardino and Seal Beach.

My last post on this bank was in October 2008 when it was offering a 4.05% 5-month CD. I had posted on the bank several times last year for its competitive CD rates. This bank was formerly called Life Bank, but changed name when a recapitalization was done a few years ago.

The bank has some decent ratings for safety and soundness: 4 stars (excellent) at BauerFinancial and 3 stars (performing) at Bankrate.com. Both ratings are based on 3/31/09 financial data. The bank has been a FDIC member since 1983 (FDIC Certificate # 32172).

Thanks to the reader who emailed me news of these CDs.

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  Tags: Pacific Premier Bank, California, CD rates

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