Community Bank is offering a 3.05% APY 5-year CD. Minimum deposit is $50,000. The rate is only 2.33% APY for a $2,500 minimum deposit. The 3.05% APY is also available in an IRA with only a $500 minimum deposit. These rates are listed in the bank's rates page as of the morning of 8/05/2010.
It appears that a branch visit is required to open an account. Branches are located in several California cities in the Los Angeles metro area. Some of these cities include Pasadena, Anaheim, Burbank and Glendale.
The bank's ratings for safety and soundness are a little above average: 4 stars (excellent) at BauerFinancial, 3 stars (performing) at Bankrate.com and an overall health score of 3 out of 5 at DepositAccounts.com (see our Community Bank review). These ratings are based on 3/31/10 financial data. The bank has been a FDIC member since 1983 (FDIC Certificate # 24315).