Dedicated to Deposits: Deals, Data, and Discussion

Higher 1-Year CD Rate at CapitalSource Bank

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CapitalSource Bank

CapitalSource Bank has increased the rates of some of its promotional CDs. Its 11-month CD rate and its 12-month online-only CD rate increased from 1.01% to 1.05% APY. The bank still has a good deal on its promotional online-only 6-month CD with a 0.90% rate. Minimum deposit is $10,000. These CDs are listed in the bank’s rates page as of 2/19/2014.

Above the bank’s rate tables, there’s now an "Open-Now" link. Clicking on this link takes you to the online application. The first page of this application describes who is eligible to open an account:

We welcome all residents of the United States to apply for new accounts.

CDs can also be opened at one of the bank’s branches. CapitalSource Bank branches are located throughout Central and Southern California. Some of the cities include Los Angeles, Fresno, Bakersfield, Hanford, Santa Barbara and Redlands.

Update: CapitalSource Inc. and PacWest Bancorp are merging. The merger of the two banks is expected to be completed in the first quarter. To review how this might impact FDIC coverage of accounts, please refer to this FDIC resource.

The bank has an overall health grade at DepositAccounts.com of an A+ with a Texas Ratio of 3.33% (excellent) based on September 2013 data. Please refer to our financial overview of CapitalSource Bank for more details. The bank has been a FDIC member since 2008 (FDIC Certificate # 58878).

How These CD Rates Compare

CapitalSource Bank’s new 12-month CD rate is competitive, but PenFed still has the best nationwide 12-month CD rate with a 1.16% APY.

For a nationally available 6-month CD, the 0.90% rate is on top. Two other banks also offer this rate. One is Bank5 Connect and the the other is Pacific Mercantile Bank.

These rates are accurate as of 2/19/2014.

Searching for the Best CD Rates

To search for the best nationwide CD rates and the best CD rates in your state, please refer to the CD rates section of DepositAccounts.com.


  Tags: CapitalSource Bank, CD rates, California

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