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2.0% APY 30-Month (2 1/2 Years) CD

Thursday, June 19, 2014 - 12:30 PMLuther Burbank Savings - Details
Luther Burbank Savings, with four locations in the Los Angeles area, today is running an ad in the Los Angeles Times offering a 30-month CD at 2.0 APY. I have posted the ad here:

http://oi59.tinypic.com/14c78de.jpg

The only requirement mentioned is that it must be new money and $1,000 minimum. While it lists its URL, I do not know whether these can be opened online or whether a branch visit is necessary to open them. Nor does the ad say whether these are offered at their branches in other areas (I know they were in the Northern California before they moved into Southern California). 

Comment: Dang! And I just locked into a CD in the past week at the same term -- but a LOT lower APY! I am now so unhappy. 
5
me1004me1004370 posts since
Jan 16, 2010
Rep Points: 2,573
1. Thursday, June 19, 2014 - 1:38 PM
Just got off the phone with the representative at the Encino branch. She informed me that the CD specials are available only at the locations shown in the ad and one must open the account in person at the branch location. No change in the procedures required as described in a prior CD special at:
http://www.depositaccounts.com/bl...cal-loca..
4
ShorebreakShorebreak2,625 posts since
Apr 6, 2010
Rep Points: 14,226
2. Thursday, June 19, 2014 - 2:04 PM
Thanks Shorebreak.My closest branch is Pasadena (it's still a long, long ways away), so I called there and was told the offer was good at that branch.  Is that what your LA Times ad indicates? Anyway, she also told me the ad would be run again next Tuesday, so it looks like LBS is planning to keep the offer open until then.Sorry, but I do have funds available--ones I was going to put at First Republic but haven't yet.
3
OldGuyOldGuy49 posts since
Jan 23, 2013
Rep Points: 791
3. Thursday, June 19, 2014 - 3:20 PM
Sorry--I overlooked the link in me1004's post, so I've now looked at the ad and Pasadena is covered.  I should also thank me1004 for the original post.  It's all for one and one for all on this site.
3
OldGuyOldGuy49 posts since
Jan 23, 2013
Rep Points: 791
4. Thursday, June 19, 2014 - 5:22 PM
Hey, consider yourselves lucky. I can't get to those branches at Luther Burbank Savings nor First Republic Bank to open a certificate of deposit. It appears a CD rate war is developing in Southern California! Yeah right.
2
ShorebreakShorebreak2,625 posts since
Apr 6, 2010
Rep Points: 14,226
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