Lighthouse Bank is offering some competitive rates on its long-term Jumbo CDs and IRA CDs. The best rates require a minimum deposit of $90K. These include a 2.48% APY 4-year CD and a 2.69% APY 5-year CD. The rates for a $50K deposit are 2.28% APY for 4 years and 2.53% APY for 5 years. Rates for a $10K deposit are 25 basis points lower. These rates are listed in the bank's rate sheet as of 6/23/2011. The link to the rate sheet is on the bank's Money Market & Savings page.
It's a small bank, and a branch visit appears to be required. If you don't live nearby, make sure to call and verify eligibility before driving to the branch. Lighthouse Bank office is located in Santa Cruz, California.
The bank has an overall health score at DepositAccounts.com of 4 stars (out of 5) with a Texas Ratio of 12.74% (above average) based on March 2011 data. Please refer to our financial overview of Lighthouse Bank for more details. The bank has been a FDIC member since 2007 (FDIC Certificate # 58646).
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