Top 5-Year CD and IRA CD Rate at Community Bank in Southern California - Local Only

POSTED ON BY

APYMINMAXINSTITUTIONPRODUCTDETAILS
1.31*%$50k-Community Bank (CA)5 Year - 2189 Day CD
Accounts mentioned in this post. Rates as of August 24, 2016.

Community Bank is offering a 3.05% APY 5-year CD. Minimum deposit is $50,000. The rate is only 2.33% APY for a $2,500 minimum deposit. The 3.05% APY is also available in an IRA with only a $500 minimum deposit. These rates are listed in the bank's rates page as of the morning of 8/05/2010.

It appears that a branch visit is required to open an account. Branches are located in several California cities in the Los Angeles metro area. Some of these cities include Pasadena, Anaheim, Burbank and Glendale.

The bank's ratings for safety and soundness are a little above average: 4 stars (excellent) at BauerFinancial, 3 stars (performing) at Bankrate.com and an overall health score of 3 out of 5 at DepositAccounts.com (see our Community Bank review). These ratings are based on 3/31/10 financial data. The bank has been a FDIC member since 1983 (FDIC Certificate # 24315).

Comments
4.08% 12-Month / 3.87% 6-Month CD at a California Bank (Community Bank).
Update 7/26/08: The CD special is no longer listed at the bank's website. Please check with the bank for the latest rates and specials.

Community Bank has a CD promotion with some attractive rates. These include a 4.18% APY 18-month CD, a 4.08% APY 12-month CD and a 3.87% APY 6-month CD. The minimum deposit is $25,000. Rates apply to new money only. Interest on deposit amounts of $100,000 and above will not be compounded.

It appears a branch visit may be required to open an account. Branches are located throughout the...



Continue Reading