First Mountain Bank is offering a special 2.00% APY 13-month CD. Minimum deposit is $1,000. This is listed in the bank's rate chart as of 6/16/2010.
It appears that a branch visit is required to open an account. Branches are located in Southern California east of San Bernardino in the cities of Running Springs, Big Bear Lake and Lucerne Valley.
The bank's ratings for safety and soundness are a little weak: 3 stars (adequate) at BauerFinancial, 2 stars (below peer group) at Bankrate.com and an overall health score of 2 out of 5 at DepositAccounts.com (see our First Mountain Bank rates and reviews page). The ratings are based on 3/31/10 data except for Bankrate which is based on 12/31/09 data. The bank has been a FDIC member since 1981 (FDIC Certificate # 23544).
Other Top CD Rates
I came across another bank with branches in Southern California that has some very competitive CD rates. I reviewed these deals in yesterday's blog post.
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.