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.
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 rates for smaller balances are...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
The latest bank to raise its 5-year CD rate to 2% is BBVA Compass. On Friday it raised its 5-year CD rate from 1.25% to 2.00% APY. This is the only CD term that is competitive. Its shorter-term CD rates continue to be low. This 5-year CD rate is listed in the bank’s CD rates page as of 9/16/2013. The rates may vary by location, but this 2% appears to be listed for all of bank’s market areas. Thanks to DA member OldGuy for mentioning this new rate in the...Continue Reading
Last year I first learned about MidFirst Direct, the internet division of MidFirst Bank. At that time last year, it was offering some very competitive CD rates. Those didn’t last long. The rates fell a few days after my post. MidFirst Direct just recently raised its long-term CD rates, and they’re very competitive. Hopefully, these rates will hold longer than they did last year. These higher CD rates include:
The above rates are listed in the MidFirst Direct CD page as of...Continue Reading
BBVA Compass has another checking account promotion. It’s similar to its January promotion, except that instead of a Kindle Fire, the bank is giving away a Samsung Galaxy Tab 3. The bank also added an extra requirement. So it’ll take more work to qualify for this gift. Here's the link to the new promotion. Below are the steps required for the bonus:
Update 8/1/13: These specials are no longer listed on the bank's website.
It has been a while since I last reported on Seacoast Commerce Bank. I’m happy to see it’s back with some competitive rates. The bank is celebrating its 10th anniversary with two good deposit deals. The first is a CD with a 1.10% APY. It allows customers to choose a term from 9 to 12 months. Minimum deposit is $50,000. The second deal is a money market account with a 1.00% APY for balances over $50,000. This second deal...Continue Reading
CapitalSource Bank has made some changes to its CD rates. First, they changed the promotional CD from a 9-month term to a 6-month term. This has a 0.85% APY for a $10,000 minimum deposit. Second, the 18-month CD yield increased from 1.01% to 1.05% APY. These are certainly not big changes, but the changes do make the CDs a little more attractive to some savers. These CDs are listed in the bank’s rates page as of 7/16/2013.
Above the bank’s rate tables, there’s now an “Open-Now” link. Clicking on this link...Continue Reading