Higher 1-Year CD Rate at CapitalSource Bank

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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 eligible to open an account:

We welcome all residents of the United States to apply for new accounts.

CDs can also be opened at one of the bank’s branches. CapitalSource Bank branches are located throughout Central and Southern California. Some of the cities include Los Angeles, Fresno, Bakersfield, Hanford, Santa Barbara and Redlands.

Update: CapitalSource Inc. and PacWest Bancorp are merging. The merger of the two banks is expected to be completed in the first quarter. To review how this might impact FDIC coverage of accounts, please refer to this FDIC resource.

The bank has an overall health grade at DepositAccounts.com of an A+ with a Texas Ratio of 3.33% (excellent) based on September 2013 data. Please refer to our financial overview of CapitalSource Bank for more details. The bank has been a FDIC member since 2008 (FDIC Certificate # 58878).

How These CD Rates Compare

CapitalSource Bank’s new 12-month CD rate is competitive, but PenFed still has the best nationwide 12-month CD rate with a 1.16% APY.

For a nationally available 6-month CD, the 0.90% rate is on top. Two other banks also offer this rate. One is Bank5 Connect and the the other is Pacific Mercantile Bank.

These rates are accurate as of 2/19/2014.

Searching for the Best CD Rates

To search for the best nationwide CD rates and the best CD rates in your state, please refer to the CD rates section of DepositAccounts.com.

Comments
Higher 18-Month & 6-Month CD Rates at CapitalSource Bank

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...

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Competitive Short-Term CD Rates at CapitalSource Bank

CapitalSource Bank continues to offer some competitive short-term CD rates. In addition, it has recently added an online application. Its best CD deals include a 1.01% APY 1-year CD and a 0.80% APY 6-month CD. These are also available as IRA CDs. The bank also has a promotional 9-month CD with a 0.90% APY. The promotional CD can only be opened online. Minimum deposit is $1,000. These CDs are listed in the bank’s rates page as of 5/23/2013.

Above the bank’s rate tables, there’s now an “Open-Now” link. Clicking on this...

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Competitive 1-Year CD Rate at CapitalSource Bank in California

CapitalSource Bank is again offering some competitive short-term CDs. The best deal is a 1-year CD with a 1.01% APY. The 18-month CD also has this same yield. The 9-month CD has a 0.85% APY. Minimum deposit to qualify for these rates is $10,000. These rates are listed in the bank's rates page as of 1/30/2013.

Above the bank's rate table, it states that "to open a new account, call 888.433.4CSB (888.433.4272)." I don't know if the bank will accept customers outside their market area. CapitalSource Bank branches are located throughout...

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Top Short-Term CD Rates at CapitalSource Bank in California

CapitalSource Bank is again offering two promotional short-term CDs with competitive rates. The rates are a little lower than the rates that I reported on in December, but that's no different than any other bank. The two special CDs are a 1.01% APY 13-month CD and a 0.90% APY 7-month CD. Minimum deposit to qualify for these rates is $10,000. These rates are listed in the bank's rates page as of 8/31/2012.

Above the bank's rate table, it states that "to open a new account, call 888.433.4CSB (888.433.4272)." I don't know...

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Special Short-Term CD Rates at CapitalSource Bank in California

CapitalSource Bank has two promotional short-term CD rates with competitive rates. One has a 1.15% APY with a 11-month term, and the other has a 0.95% APY with a 5-month term. Minimum deposit to qualify for these rates is $10,000. These rates are listed in the bank's rates page as of 12/22/2011.

Above the rate table, the bank states that "to open a new account, call 888.433.4CSB (888.433.4272)." I don't know if the bank will accept customers outside their market area. CapitalSource Bank branches are located throughout Central and Southern California....

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