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Hot 30-Month CD Special at Luther Burbank Savings in California

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Luther Burbank Savings

Luther Burbank Savings is advertising a very good CD deal in California. It’s a 30-month CD with a 2.00% APY. Minimum deposit is $1,000, and new money is required. The CD isn’t listed on the bank’s website. DA member me1004 saw it advertised in the LA Times and was nice enough to post on it in the forum. He also scanned the ad. I posted the scan at this link. There’s also an 18-month CD special with a 1.10% APY.

The LA Times ad only lists the bank’s Southern California branches in the cities of Beverly Hills, Encino, Pasadena and Burbank. The bank also has branches in Northern California. I called two of those branches yesterday (San Jose and San Rafael), and I was told they are also offering this 2% 30-month CD special. It may not be the case for all of their Northern California branches. So if you’re interested in this CD, you should call your local branch. The official at the San Jose branch said the 30-month special was scheduled to end on June 30. The official at the San Rafael branch would not provide an end date.

These CD specials can only be opened in person at one of the bank’s branches (all account owners must be present). The bank requires two forms of identification. One of them must be a state issued driver’s license or identification.

Please refer to our map of Luther Burbank Savings branches for the location details.

The bank has a health grade at DepositAccounts.com of an A with a Texas ratio of 3.72% (excellent) based on March 2014 data. Please refer to our financial overview of Luther Burbank Savings for more details. The bank has been a FDIC member since 1983 (FDIC Certificate # 32178).


  Tags: Luther Burbank Savings, California, CD rates

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Comments
6 Comments.
Comment #1 by Anonymous posted on
Anonymous
Why is it that only a select few states consistantly have higher interest rates?

2
Comment #2 by Anonymous posted on
Anonymous
Why does Florida generally have lower CD rates?  More retirees and less competition for their $s which they need to park and be readily available to them

3
Comment #3 by me1004 posted on
me1004
Huh? California has NOT had higher rates! Rates in California have generally been disappointing.

4
Comment #4 by Anonymous posted on
Anonymous
I agree with #3.  California is low on the totem pole.

3
Comment #5 by lof posted on
lof
Opened the 30 month cd  at the Beverly  Hills branch, the process was very easy.  The  cd
helped to fill a gap in my ladder. 

2
Comment #6 by Anonymous posted on
Anonymous
The Los Altos has the 30 month 2% CD until Tuesday, 6/24 but the San Jose branch has the offer until Friday. Seems to be a great deal, I'm going to open an account in San Jose on Friday.,

2