Dedicated to Deposits: Deals, Data, and Discussion

Competitive 5-Year CD Rate at Kaiser Federal Bank in California


Update: The special 5-year CD rate has fallen to 2.25% APY.

Kaiser Federal Bank continues to offer a competitive rate on its special 5-year CD. It has a 2.50% APY with a minimum deposit of $10,000. This is listed in the bank's CD rate table as of 8/19/2011.

Some of the important features of this CD as described in the bank's account disclosure include:

  • Early Withdrawal Penalty: If the qualifying period is greater than one year, the customer shall forfeit an amount equal to one hundred and eighty (180) days interest whether earned or not (this may reduce principal and result in account closure).
  • Paid interest may be withdrawn at anytime without penalty.
  • Grace period at maturity is 7 days after the maturity date

When this special CD had a 3.00% APY back in February, I called Kaiser Federal (800-524-2274) for more information on opening CDs by mail. I was told CDs are available nationwide. IRAs are only available in California. For more details, please refer to my February Kaiser Federal CD review. Opening a CD is much easier if you can visit one of their branches.

Kaiser Federal Bank branches are located in the California cities of Bellflower, Covina, Fontana, Harbor City, Los Angeles, Panorama City, Pasadena and Santa Clara.

The bank has an overall health score at of 4 stars (out of 5) with a Texas Ratio of 20.58% (average) based on March 2011 data. Please refer to our financial overview of Kaiser Federal Bank for more details. The bank has been a FDIC member since 1999 (FDIC Certificate # 35448).

How Kaiser Federal's CD Special Compares

For banks with CDs available nationwide, Kaiser Federal matches MainStreet Bank's internet bank (Airbanking) with a 2.50% APY 5-year CD. Higher rates are available at credit unions. The best 5-year CD rate that's available nationwide is 2.83% APY at University Federal Credit Union. Rates are accurate as of 8/19/2011.

Searching for the Best CD and IRA CD Rates

To search for the best nationwide rates and the best rates in your state, please refer to the following sections of

  Tags: California, CD rates, IRA rates

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