California Banking Rates and News
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.
San Diego County Credit Union (SDCCU) is offering two certificate specials, and one of them is a very good deal. It has a top rate of 2.00% APY for a 29-month term. It’s called a Reward Certificate, and it has requirements similar to a reward checking account. However, if you don’t meet the requirements, you still get a very competitive rate of 1.74% APY. I have more details about the monthly requirements below. Minimum deposit is $2,000, and there’s no maximum deposit. It’s also available in an IRA. Thanks to...Continue Reading
BBVA Compass has a very nice money market promotion. It’s guaranteeing a 1% APY on balances up to $2.5 million through 2015. Unfortunately, this isn’t available nationwide. It’s only available in states where BBVA Compass has branches (see below). For those who are eligible for this promotion, it’s a good way to ensure you get a 1% APY on all of your liquid savings. Hopefully, by the time 2016 comes, it’ll be easy to get higher rates. That may be why BBVA Compass if offering this type of promotion. Perhaps...Continue Reading
BBVA Compass is offering another checking account promotion. In this latest one, you can earn up to $150, but it will take a year to earn the full amount. Refer to this BBVA Compass promotions page for the full details. The checking account must be opened by September 30, 2014. Below is a summary of what’s required:
- First open up your BBVA Compass ClearChoice Checking account.
- Then, within two calendar months, add a BBVA Compass savings or Money Market account, if you don't already have one.
- Have one or more electronic deposits totaling...
I first wrote about F&A Federal Credit Union (FAFCU) four years ago, listing their many competitive checking, CD and IRA rates, and somewhat restricted membership requirements. Two years later, I updated that posting, (2012) noting FAFCU's continued leading rates. I'm pleased to report that FAFCU still maintains some of the highest CD/IRA rates and has slightly expanded their membership.
All the CDs/IRAs listed below can be opened with a $1K deposit and, according to FAFCU's website, there are no maximum balance caps. An extra feature of the 6-11 Month...Continue Reading
BBVA Compass now has special CD rates that are competitive for both the mid-term and long-term maturities. In March I reviewed the bank’s special 29-month and 60-month CDs. The bank also has a special 18-month CD with a competitive 1.15% APY. Minimum deposit is $500, and the maximum deposit is $2,500,000 ($250,000 maximum deposit for CD accounts opened online). This rate is listed in the bank’s CD promotion page as of 7/17/2014.
BBVA Compass customers who have preferred client relationship may be able to get an extra 10 basis points...Continue Reading
First Choice Bank in Southern California has a good deposit deal for large balances. The bank is offering 1.25% APY that’s guaranteed until June 30, 2015. However, this requires a minimum balance of $250,000. Competitive rates are also available for smaller balances. This special rate is listed for the bank’s Premier Personal Interest Checking and Premier Personal Savings accounts. The business versions of these also have a 1.25% APY. Thanks to the DA member who emailed news of this. He said he saw this promotion advertised in Sunday's OC...Continue Reading
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...Continue Reading
First Republic Bank has again increased its long-term CD rates, and now they are even more competitive. The 6-year CD rate increased 10 basis points to 2.35% APY. The 5-, 4- and 3-year CD rates increased by 25 basis points. The new rates are 2.25% APY for the 5-year CD, 2.00% APY for the 4-year CD and 1.50% APY for the 3-year CD. Minimum deposit is $10,000. These rates are listed at the bank's rates page as of 6/17/2014. Rates may vary by location. You have to select your region...Continue Reading
LA Financial Credit Union has just started to offer three types of Kasasa Checking accounts. The first is a high-yield reward checking account called Kasasa Cash. The second is Kasasa Cash Back which offers cash back on debit card purchases, and the third is Kasasa Tunes which offers refunds on iTunes and Amazon.com purchases.
Residents of the Los Angeles area finally have access to a local reward checking account. There were a few early reward checking accounts in the LA area several years ago. One was from Southland Credit Union which...Continue Reading
First Republic Bank has recently increased its 5-year and 6-year CD rates, and they’re now competitive. You can get higher rates on the internet, but for those who prefer to open CDs at a branch, these might be appealing. The 6-year CD has a 2.25% APY, and the 5-year CD has a 2.00% APY. Minimum deposit is $5,000. These rates are listed at the bank's rates page as of 4/1/2014. Rates may vary by location. You have to select your region to see the CD rates. I have selected a...Continue Reading
Unlike most checking account promotions, this one at First Citizens Bank doesn’t require direct deposit. There are other ways to qualify for the bonus without direct deposit. On the downside, it’s similar to most checking account promotions in that the qualifying checking accounts have potential monthly service fees. If you’re careful, this promotion can be a good deal. Here’s the link to the bank’s promotion page.
To receive the $150 bonus, you’ll need to open either a new Premier or Prestige checking account with a new debit card by April 30,...Continue Reading
Last September I reported on a special 5-year CD at BBVA Compass. That special continues, and there’s also a new 29-month CD special that is also competitive. In addition, a few things have changed at Compass. The 5-year CD special still has a 2.00% APY. The new 29-month CD special has a 1.25% APY. Minimum deposit is $500, and the maximum deposit is $2,500,000 ($250,000 maximum deposit for CD accounts opened online). These rates are listed in the bank’s CD promotion page as of 3/24/2014.
One thing that has changed for...Continue Reading