Browse through the stories below to view current deals for California banks or select an item from the menu bar above to view current rates in California.
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...Continue Reading
Southland Credit Union in Southern California is advertising that you can earn up to $175 with its Cash Rewards Checking. What’s interesting about this checking account bonus is that the qualifications look a lot like high-yield reward checking qualifications. Southland used to offer a high-yield reward checking account called Super Checking. Back in 2007 it had a 5.25% APY on all balances if monthly requirements were met. That account is no longer available. Existing customers who still have this account earn a qualifying rate of only 0.05%. This new Cash...Continue Reading
San Diego County Credit Union has just made large rate increases on its 4-year and 5-year CDs and IRA CDs. Its Jumbo 5-year CD rate increased from 1.60% to 2.05% APY, and its Jumbo 4-year CD rate increased from 1.20% to 1.80% APY. The Jumbo CDs require a $90,000 minimum deposit. The rates are 5 basis points less for a $10,000 minimum and 10 basis points less for a $2,000 minimum. These rates are listed in the credit union's rates sheet as of 2/3/2014.
SDCCU offers a nice...Continue Reading
Xceed Financial Credit Union just came out with a new CD special. It has a 1.50% APY and a 17-month term. Minimum deposit is $500. This special isn’t available in an IRA, but there is a special 14-month IRA CD with a 1.40% APY. Xceed is still offering a special 7-month CD and IRA CD with a 1.00% APY and a special 19-month CD and IRA CD with a 1.25% APY. These special CD rates are listed on the credit union's rates page and in the credit union's news &...Continue Reading
BBVA Compass is again offering a free Kindle Fire HD for opening a checking account and for performing a few activities. It’s a 7" 8GB Kindle Fire HD which is currently selling on Amazon for $139. It is not the Kindle Fire HDX which is much more expensive. Here's the link to the new promotion. Below are the steps required for the bonus:
Update 1/5/2014: These specials have ended.
Seacoast Commerce Bank is again offering a CD and money market promotion. They are part of a celebration of the bank’s new branch, but I was told these promotions are available nationwide. Both require a substantial minimum deposit. The CD has a 10-month term and a 1.10% APY. Minimum deposit is $50,000. The second deal is a money market account with a 1.00% APY for balances over $50,000. According to the account disclosure, this 1.00% APY is guaranteed to last until September 30, 2014. The...Continue Reading
BBCN Bank has two good deposit deals. The first is a money market account special for consumers only. The bank is guaranteeing a 1.00% APY until 12/31/2014 for balances of $50,000 to under $1 million. The second special is a CD promotion for consumer and business customers. It’s a 12-month CD with a 1.10% APY. Minimum deposit is $50,000, and the maximum is $250,000 per customer. Both offers require new money to the bank. The promotion is scheduled to end when the bank’s deposit goal amount is met or on...Continue Reading
In today's interest rate environment, most all short-term CDs have rates under 1%. I found one exception at Xceed Financial Credit Union which has a special 7-month share certificate with a 1.00% APY. It’s also available in an IRA. Minimum deposit is $500. This special CD rate is listed on the credit union's rates page and in the credit union's news & events page as of 11/01/2013.
Xceed has a history of CD specials. I reviewed the last one in 2012.
The credit union has two features that make it convenient for...Continue Reading
Last month I reported on very competitive 3-, 4- and 5-year CD rates at MidFirst Direct, the internet division of MidFirst Bank. I learned last Saturday that MidFirst Direct is now offering 7-year CDs, and the rate is very competitive. Unfortunately, the rate has already fallen. It now has a 2.75% APY which is down from its original yield of 3.00%. Even with this lower rate, it’s still very competitive compared to other banks and credit unions. The 2.75% APY is listed in the MidFirst Direct CD page as of...Continue Reading
NuVision Federal Credit Union continues to have a $150 checking account promotion. It has been over a year since my last report on this. It’s advertised on the credit union's home page. The details are listed in this NuVision promotions page as of 10/24/2012.
The first $50 requires that you open a free checking account and establish direct deposit of at least $200 within the first 90 days. Also, eStatements must be established and maintained.
The second $50 requires that you keep the checking account active by having a minimum of 5...Continue Reading
We’re seeing some rate increases on long-term CDs, but short-term CD rates remain low. In fact, it’s rare to find rates of at least 1% on CDs with terms under one year. Occasionally, you’ll find a CD special, and that’s the case at San Francisco Federal Credit Union. It’s offering a 10-month certificate special with a 1.00% APY. Minimum deposit is $1,000, and the maximum deposit is $100,000. Each member is allowed only one of these special CDs. The CD also has a one-time bump-up option. This special is...Continue Reading
Luther Burbank Savings is having a CD special at two of its Southern California branches. The bank is offering a 2.00% APY 3-year CD. Minimum deposit is $1,000, and there is no maximum deposit. No checking account is required. This is a limited time offer, and it could end at anytime. It’s not listed on the bank’s website. A reader emailed me news about this special (hat tip!), and I confirmed it with a branch manager today (10/04/2013).
According to the branch manager, the special CD is only available to Southern...Continue Reading