5.75% 12-Month CD at La Jolla Bank (open to all)


La Jolla Bank is offering a 5.75% APY 12-month certificate of deposit. A 5.50% APY 6-month CD is also available. Both have a minimum of $10k. You can apply for this CD online here. After submission, La Jolla will send you the account opening material by mail. You can fund the CD my mailing a check, wire transfer or by transfering from a La Jolla Bank account. The early withdrawal penalty is 2 months of interest.

Branches are located in Southern California and in Dallas, Texas.

The bank has been FDIC insured since 1985. It has a 4 out of 5 star safe-and-sound rating (sound) from Bankrate.com.

Thanks to the reader Bozo who mentioned this CD in the finding deals post.
Bozo (anonymous)   |     |   Comment #1
All good things must come to an end.

La Jolla Bank has now reduced its rates substantially.

The good news is, I have a three year CD at 5.6% (bought back in late August).

It's amazing how these rates jump around.


Anonymous   |     |   Comment #2
The yield on the 10-month CD has fallen to 4.05%, while that on the 12-month is down to 4.10%.